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NYSE:MTHMeritage Homes Stock Price, Forecast & News

$72.90
+3.40 (+4.89 %)
(As of 06/1/2020 10:58 AM ET)
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Compare
Today's Range
$69.15
Now: $72.90
$72.90
50-Day Range
$39.12
MA: $52.73
$76.10
52-Week Range
$25.24
Now: $72.90
$78.43
Volume3,213 shs
Average Volume441,018 shs
Market Capitalization$2.74 billion
P/E Ratio9.62
Dividend YieldN/A
Beta1.71
Meritage Homes Corporation designs and builds single-family homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for first-time and first move-up buyers. The company also offers luxury homes; and title insurance and closing/settlement services to its homebuyers. It builds and sells homes in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee under the Meritage Homes brand name. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.
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Meritage Homes logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.0Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.11 out of 5 stars


Industry, Sector and Symbol

Industry Operative builders
Sub-IndustryHomebuilding
CUSIP59001A10
Phone480-515-8100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.67 billion
Cash Flow$7.60 per share
Book Value$51.54 per share

Profitability

Net Income$249.66 million

Miscellaneous

Employees1,510
Market Cap$2.74 billion
Next Earnings Date7/22/2020 (Estimated)
OptionableOptionable

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Meritage Homes (NYSE:MTH) Frequently Asked Questions

How has Meritage Homes' stock been impacted by COVID-19 (Coronavirus)?

Meritage Homes' stock was trading at $54.01 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MTH shares have increased by 35.0% and is now trading at $72.90. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Meritage Homes?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last year. There are currently 1 sell rating, 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Meritage Homes.

When is Meritage Homes' next earnings date?

Meritage Homes is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Meritage Homes.

How were Meritage Homes' earnings last quarter?

Meritage Homes Corp (NYSE:MTH) announced its quarterly earnings results on Tuesday, April, 28th. The construction company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.26 by $0.57. The construction company earned $890.42 million during the quarter, compared to analyst estimates of $855.54 million. Meritage Homes had a return on equity of 15.47% and a net margin of 7.68%. The business's revenue was up 27.4% on a year-over-year basis. During the same period last year, the business earned $0.65 earnings per share. View Meritage Homes' earnings history.

What price target have analysts set for MTH?

8 brokerages have issued 1-year target prices for Meritage Homes' stock. Their forecasts range from $38.00 to $82.00. On average, they expect Meritage Homes' stock price to reach $65.00 in the next year. This suggests that the stock has a possible downside of 10.8%. View analysts' price targets for Meritage Homes.

Has Meritage Homes been receiving favorable news coverage?

Media coverage about MTH stock has been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Meritage Homes earned a media sentiment score of 1.0 on InfoTrie's scale. They also assigned news headlines about the construction company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutMeritage Homes.

Are investors shorting Meritage Homes?

Meritage Homes saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,880,000 shares, an increase of 42.4% from the April 30th total of 1,320,000 shares. Based on an average trading volume of 636,700 shares, the days-to-cover ratio is currently 3.0 days. Approximately 5.1% of the shares of the stock are sold short. View Meritage Homes' Current Options Chain.

Who are some of Meritage Homes' key competitors?

What other stocks do shareholders of Meritage Homes own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Meritage Homes investors own include BlackRock (BLK), CA (CA), Energy Transfer LP Unit (ET), Bank of America (BAC), Ford Motor (F), Pfizer (PFE), Tesla (TSLA), Chipotle Mexican Grill (CMG), Endologix (ELGX) and Netflix (NFLX).

Who are Meritage Homes' key executives?

Meritage Homes' management team includes the following people:
  • Mr. Steven J. Hilton, Chairman & CEO (Age 58)
  • Ms. Hilla Sferruzza, CFO & Exec. VP (Age 43)
  • Mr. Phillippe Lord, COO & Exec. VP (Age 45)
  • Mr. C. Timothy White, Gen. Counsel, Exec. VP & Sec. (Age 58)
  • Mr. Javier Feliciano, Chief HR Officer & Exec. VP (Age 45)

What is Meritage Homes' stock symbol?

Meritage Homes trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTH."

Who are Meritage Homes' major shareholders?

Meritage Homes' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.60%), State Street Corp (3.21%), Fisher Asset Management LLC (3.16%), Acadian Asset Management LLC (1.44%), Geode Capital Management LLC (1.38%) and Bank of New York Mellon Corp (1.27%). Company insiders that own Meritage Homes stock include C Timothy White, Dana Bradford, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Phillippe Lord, R Odell Michael, Raymond Oppel and Steven J Hilton. View institutional ownership trends for Meritage Homes.

Which major investors are selling Meritage Homes stock?

MTH stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., APG Asset Management N.V., Morgan Stanley, Morgan Stanley, JPMorgan Chase & Co., Assenagon Asset Management S.A., Canada Pension Plan Investment Board, and Fisher Asset Management LLC. Company insiders that have sold Meritage Homes company stock in the last year include C Timothy White, Dana Bradford, Gerald W Haddock, Hilla Sferruzza, Phillippe Lord, R Odell Michael, Raymond Oppel, and Steven J Hilton. View insider buying and selling activity for Meritage Homes.

Which major investors are buying Meritage Homes stock?

MTH stock was bought by a variety of institutional investors in the last quarter, including Echo Street Capital Management LLC, Nuveen Asset Management LLC, Acadian Asset Management LLC, Deutsche Bank AG, Matarin Capital Management LLC, State Street Corp, Penn Capital Management Co. Inc., and BNP Paribas Arbitrage SA. View insider buying and selling activity for Meritage Homes.

How do I buy shares of Meritage Homes?

Shares of MTH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Meritage Homes' stock price today?

One share of MTH stock can currently be purchased for approximately $72.90.

How big of a company is Meritage Homes?

Meritage Homes has a market capitalization of $2.74 billion and generates $3.67 billion in revenue each year. The construction company earns $249.66 million in net income (profit) each year or $6.42 on an earnings per share basis. Meritage Homes employs 1,510 workers across the globe.

What is Meritage Homes' official website?

The official website for Meritage Homes is www.meritagehomes.com.

How can I contact Meritage Homes?

Meritage Homes' mailing address is 8800 EAST RAINTREE DRIVE SUITE 300, SCOTTSDALE AZ, 85260. The construction company can be reached via phone at 480-515-8100 or via email at [email protected]

This page was last updated on 6/1/2020 by MarketBeat.com Staff

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