Meritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer services. It builds homes in the regions of the United States and offers a range of homes that are designed for a range of homebuyers, including first-time, move-up, active adult and luxury. As of December 31, 2016, it had homebuilding operations in three regions: West, Central and East, which were consisted of nine states: Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee. It also operates Carefree Title Agency, Inc. (Carefree Title) company. Carefree Title's core business includes title insurance and closing/settlement services it offers to its homebuyers.
Industry, Sector and Symbol:
- Sector: Construction
- Industry: Residential Builders - Single Homes
- Sub-Industry: Homebuilding
- Symbol: NYSE:MTH
- CUSIP: 59001A10
- Web: www.meritagehomes.com
- Market Cap: $1.71 billion
- Outstanding Shares: 40,320,000
- 50 Day Moving Avg: $42.52
- 200 Day Moving Avg: $39.19
- 52 Week Range: $29.70 - $44.45
Sales & Book Value:
- Trailing P/E Ratio: 11.64
- Foreward P/E Ratio: 9.75
- P/E Growth: 1.17
- Annual Revenue: $3.12 billion
- Price / Sales: 0.55
- Book Value: $37.01 per share
- Price / Book: 1.14
- EBIDTA: $241.92 million
- Net Margins: 4.94%
- Return on Equity: 10.74%
- Return on Assets: 5.16%
- Debt-to-Equity Ratio: 0.91%
- Current Ratio: 1.07%
- Quick Ratio: 1.07%
- Average Volume: 237,464 shs.
- Beta: 1.47
Frequently Asked Questions for Meritage Corporation (NYSE:MTH)
What is Meritage Corporation's stock symbol?
Meritage Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTH."
How were Meritage Corporation's earnings last quarter?
Meritage Corporation (NYSE:MTH) announced its quarterly earnings data on Tuesday, August, 1st. The company reported $0.98 EPS for the quarter, beating the Zacks' consensus estimate of $0.75 by $0.23. The firm earned $802 million during the quarter, compared to the consensus estimate of $760.39 million. Meritage Corporation had a net margin of 4.94% and a return on equity of 10.74%. The firm's revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 earnings per share. View Meritage Corporation's Earnings History.
When will Meritage Corporation make its next earnings announcement?
Where is Meritage Corporation's stock going? Where will Meritage Corporation's stock price be in 2017?
9 brokers have issued 12 month price targets for Meritage Corporation's stock. Their forecasts range from $37.00 to $50.00. On average, they anticipate Meritage Corporation's stock price to reach $40.29 in the next twelve months. View Analyst Ratings for Meritage Corporation.
Who are some of Meritage Corporation's key competitors?
Some companies that are related to Meritage Corporation include MasTec (MTZ), Floor & Decor Holdings (FND), JELD-WEN Holding (JELD), Summit Materials (SUM), Norbord (OSB), ABM Industries Incorporated (ABM), Armstrong World Industries (AWI), Dycom Industries (DY), Trex Company (TREX), TopBuild Corp. (BLD), KBR (KBR), GCP Applied Technologies (GCP), Simpson Manufacturing Company (SSD), TRI Pointe Group (TPH), Granite Construction Incorporated (GVA), Potlatch Corporation (PCH), Installed Building Products (IBP) and AAON (AAON).
Who are Meritage Corporation's key executives?
Meritage Corporation's management team includes the folowing people:
- Steven J. Hilton, Chairman of the Board, Chief Executive Officer
- Hilla Sferruzza, Chief Financial Officer, Executive Vice President, Chief Accounting Officer
- Phillippe Lord, Chief Operating Officer, Executive Vice President
- Javier Feliciano, Chief Human Resource Officer, Executive Vice President
- C. Timothy White, Executive Vice President, General Counsel, Secretary
- Peter L. Ax, Lead Independent Director
- Dana C. Bradford, Independent Director
- Richard T. Burke Sr., Independent Director
- Gerald W. Haddock, Independent Director
- Deborah A. Henretta, Independent Director
Who owns Meritage Corporation stock?
Meritage Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.25%), FMR LLC (11.34%), Dimensional Fund Advisors LP (8.38%), Vanguard Group Inc. (8.27%), Sanders Capital LLC (7.89%) and Fisher Asset Management LLC (4.27%). Company insiders that own Meritage Corporation stock include C Timothy White, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Larry Wayne Seay, Peter L Ax, Phillippe Lord and Robert Gary Sarver. View Institutional Ownership Trends for Meritage Corporation.
Who sold Meritage Corporation stock? Who is selling Meritage Corporation stock?
Meritage Corporation's stock was sold by a variety of institutional investors in the last quarter, including Thrivent Financial For Lutherans, FMR LLC, Sanders Capital LLC, Voya Investment Management LLC, BNP Paribas Arbitrage SA, Hexavest Inc., South Dakota Investment Council and Dupont Capital Management Corp. Company insiders that have sold Meritage Corporation stock in the last year include C Timothy White, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano and Phillippe Lord. View Insider Buying and Selling for Meritage Corporation.
Who bought Meritage Corporation stock? Who is buying Meritage Corporation stock?
Meritage Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Earnest Partners LLC, Balyasny Asset Management LLC, Great Lakes Advisors LLC, Macquarie Group Ltd., State Street Corp, Vanguard Group Inc., Pinebridge Investments L.P. and Prudential Financial Inc.. View Insider Buying and Selling for Meritage Corporation.
How do I buy Meritage Corporation stock?
Shares of Meritage Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Meritage Corporation's stock price today?
MarketBeat Community Rating for Meritage Corporation (NYSE MTH)MarketBeat's community ratings are surveys of what our community members think about Meritage Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Meritage Corporation stock can currently be purchased for approximately $42.30.
Consensus Ratings for Meritage Corporation (NYSE:MTH) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 6 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 1.89)|
|Consensus Price Target: ||$40.29 (4.76% downside)|
Analysts' Ratings History for Meritage Corporation (NYSE:MTH)
(Data available from 8/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/2/2017||Barclays PLC||Reiterated Rating||Underweight||$36.00 -> $38.00||Low|
|8/2/2017||Deutsche Bank AG||Boost Price Target||Hold||$40.00 -> $42.00||Low|
|6/28/2017||Bank of America Corporation||Reiterated Rating||Underperform||$36.00 -> $38.00||Medium|
|6/22/2017||Credit Suisse Group||Initiated Coverage||Neutral||$40.00||Low|
|4/27/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$37.00||High|
|4/3/2017||JMP Securities||Upgrade||Market Perform -> Outperform||$50.00||Medium|
|2/7/2017||BTIG Research||Initiated Coverage||Neutral||N/A|
|1/30/2017||Evercore ISI||Downgrade||Buy -> Hold||$37.00||N/A|
|9/28/2016||Wells Fargo & Company||Initiated Coverage||Market Perform||N/A|
|8/2/2016||J P Morgan Chase & Co||Downgrade||Overweight -> Neutral||$37.50||N/A|
|7/29/2016||FBR & Co||Boost Price Target||Market Perform||$36.00 -> $41.00||N/A|
|7/11/2016||Zelman & Associates||Downgrade||Buy -> Hold||N/A|
|4/18/2016||FBN Securities||Downgrade||Outperform -> Sector Perform||N/A|
|4/13/2016||Sterne Agee CRT||Downgrade||Buy -> Neutral||$40.00||N/A|
Earnings History for Meritage Corporation (NYSE:MTH)Earnings History by Quarter for Meritage Corporation (NYSE MTH)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/1/2017||Q2 2017||$0.75||$0.98||$760.39 million||$802.00 million||View||Listen|
|4/27/2017||Q1 2017||$0.42||$0.56||$609.41 million||$672.80 million||View||N/A|
|2/1/2017||Q416||$1.14||$1.22||$889.50 million||$880.70 million||View||Listen|
|10/27/2016||Q316||$0.86||$0.88||$751.00 million||$735.90 million||View||Listen|
|7/28/2016||Q216||$0.80||$0.95||$747.14 million||$797.90 million||View||Listen|
|4/28/2016||Q116||$0.44||$0.50||$539.97 million||$597.77 million||View||Listen|
|1/28/2016||Q415||$1.13||$1.26||$801.75 million||$781.60 million||View||Listen|
|10/29/2015||Q315||$0.79||$0.73||$628.36 million||$669.90 million||View||Listen|
|7/29/2015||Q215||$0.66||$0.70||$636.91 million||$591.03 million||View||Listen|
|4/23/2015||Q115||$0.55||$0.40||$476.52 million||$517.27 million||View||N/A|
|1/29/2015||Q414||$1.03||$1.19||$710.56 million||$668.30 million||View||N/A|
|10/29/2014||Q314||$0.90||$0.79||$581.40 million||$556.78 million||View||N/A|
|7/24/2014||Q214||$0.81||$0.85||$513.90 million||$502.80 million||View||N/A|
|4/23/2014||Q114||$0.64||$0.62||$441.40 million||$408.35 million||View||N/A|
|2/4/2014||Q413||$1.03||$1.19||$537.80 million||$536.20 million||View||N/A|
|10/23/2013||Q313||$0.80||$0.99||$505.15 million||$492.10 million||View||N/A|
|7/24/2013||Q2 2013||$0.46||$0.74||$414.34 million||$436.04 million||View||N/A|
|4/24/2013||Q1 2013||$0.23||$0.32||$324.38 million||$336.44 million||View||N/A|
|1/31/2013||Q4 2012||$0.42||$2.29||$355.18 million||$364.58 million||View||N/A|
Earnings Estimates for Meritage Corporation (NYSE:MTH)
2017 EPS Consensus Estimate: $3.12
2018 EPS Consensus Estimate: $4.27
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Meritage Corporation (NYSE:MTH)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Meritage Corporation (NYSE:MTH)
Insider Ownership Percentage: 5.60%Insider Trades by Quarter for Meritage Corporation (NYSE:MTH)
Institutional Ownership Percentage: 97.10%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/21/2017||Javier Feliciano||EVP||Sell||1,009||$35.55||$35,869.95|| |
|5/15/2017||C Timothy White||EVP||Sell||7,500||$41.36||$310,200.00|| |
|5/9/2017||C Timothy White||EVP||Sell||7,032||$39.00||$274,248.00|| |
|3/15/2017||Gerald W. Haddock||Director||Sell||5,000||$36.76||$183,800.00|| |
|2/15/2017||C Timothy White||EVP||Sell||6,157||$34.14||$210,199.98|| |
|2/14/2017||C Timothy White||EVP||Sell||1,739||$34.00||$59,126.00|| |
|2/14/2017||Hilla Sferruzza||CFO||Sell||1,315||$34.23||$45,012.45|| |
|2/14/2017||Phillippe Lord||Insider||Sell||1,857||$34.33||$63,750.81|| |
|2/13/2017||Hilla Sferruzza||CFO||Sell||363||$34.85||$12,650.55|| |
|2/13/2017||Phillippe Lord||COO||Sell||711||$34.85||$24,778.35|| |
|6/13/2016||Peter L Ax||Director||Sell||15,000||$36.71||$550,650.00|| |
|6/9/2016||Gerald W Haddock||Director||Sell||7,500||$38.11||$285,825.00|| |
|5/16/2016||Robert Gary Sarver||Director||Sell||4,381||$33.92||$148,603.52|| |
|2/17/2016||C Timothy White||EVP||Sell||6,812||$30.84||$210,082.08|| |
|2/17/2016||Hilla Sferruzza||CAO||Sell||291||$30.84||$8,974.44|| |
|2/17/2016||Larry Wayne Seay||CFO||Sell||7,957||$30.84||$245,393.88|| |
|2/17/2016||Phillippe Lord||COO||Sell||1,138||$30.79||$35,039.02|| |
|2/16/2016||Hilla Sferruzza||CAO||Sell||655||$29.60||$19,388.00|| |
|2/11/2016||Hilla Sferruzza||CAO||Sell||733||$29.60||$21,696.80|| |
|2/11/2016||Phillippe Lord||COO||Sell||1,291||$29.55||$38,149.05|| |
|4/28/2015||Larry Wayne Seay||CFO||Sell||17,333||$45.14||$782,411.62|| |
|3/10/2015||Hilla Sferruzza||CAO||Sell||1,750||$42.38||$74,165.00|| |
|2/27/2015||Steven J Hilton||CEO||Sell||139,840||$43.84||$6,130,585.60|| |
|2/11/2015||C Timothy White||EVP||Sell||11,297||$39.67||$448,151.99|| |
|2/11/2015||Larry Wayne Seay||CFO||Sell||11,978||$39.67||$475,167.26|| |
|2/11/2015||Steven J Hilton||CEO||Sell||17,050||$39.67||$676,373.50|| |
|2/11/2015||Steven M Davis||COO||Sell||11,138||$39.67||$441,844.46|| |
|2/10/2015||C Timothy White||EVP||Sell||13,264||$39.79||$527,774.56|| |
|12/1/2014||Gerald W Haddock||Director||Sell||7,500||$38.65||$289,875.00|| |
|2/26/2014||C Timothy White||EVP||Sell||13,075||$49.43||$646,297.25|| |
|2/26/2014||Hilla Sferruzza||CAO||Sell||1,500||$49.20||$73,800.00|| |
|2/26/2014||Larry Wayne Seay||CFO||Sell||10,695||$48.97||$523,734.15|| |
|2/26/2014||Steven Davis||COO||Sell||6,060||$49.91||$302,454.60|| |
|2/26/2014||Steven Hilton||CEO||Sell||50,000||$49.17||$2,458,500.00|| |
|2/11/2014||Larry Wayne Seay||CFO||Sell||11,925||$45.00||$536,625.00|| |
|2/11/2014||Steven Davis||COO||Sell||11,087||$45.00||$498,915.00|| |
|2/11/2014||Steven Hilton||CEO||Sell||16,973||$45.00||$763,785.00|| |
|11/25/2013||Steven Davis||COO||Sell||2,000||$41.38||$82,760.00|| |
|10/30/2013||Steven M Davis||COO||Sell||6,462||$47.00||$303,714.00|| |
|10/28/2013||Larry Wayne Seay||CFO||Sell||16,932||$46.74||$791,401.68|| |
|8/1/2013||Raymond Oppel||Director||Sell||11,500||$46.00||$529,000.00|| |
|5/14/2013||Steven J Hilton||CEO||Sell||50,000||$52.19||$2,609,500.00|| |
|9/4/2012||Robert Gary Sarver||Director||Sell||20,000||$36.75||$735,000.00|| |
Headline Trends for Meritage Corporation (NYSE:MTH)
Latest Headlines for Meritage Corporation (NYSE:MTH)
Meritage Corporation (MTH) Chart for Monday, August, 21, 2017