NYSE - Delayed Quote USD

Meritage Homes Corporation (MTH)

169.48 +4.41 (+2.67%)
At close: 4:00 PM EDT
169.48 0.00 (0.00%)
After hours: 5:32 PM EDT
Key Events
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DELL
  • Previous Close 165.07
  • Open 167.71
  • Bid 153.77 x 800
  • Ask 184.00 x 1000
  • Day's Range 167.66 - 174.26
  • 52 Week Range 109.23 - 179.69
  • Volume 562,755
  • Avg. Volume 443,270
  • Market Cap (intraday) 6.155B
  • Beta (5Y Monthly) 1.76
  • PE Ratio (TTM) 8.51
  • EPS (TTM) 19.92
  • Earnings Date Jul 25, 2024 - Jul 29, 2024
  • Forward Dividend & Yield 3.00 (1.82%)
  • Ex-Dividend Date Mar 14, 2024
  • 1y Target Est 181.50

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached 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 entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company also offers title and escrow, mortgage, insurance, and closing/settlement services to its homebuyers. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.

www.meritagehomes.com

1,838

Full Time Employees

December 31

Fiscal Year Ends

Consumer Cyclical

Sector

Residential Construction

Industry

More about Meritage Homes Corporation

Recent News: MTH

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Related Videos: MTH

Housing market: Mortgage rates bear down on homebuilder stocks

Homebuilder confidence has held and remained the same in recent months as new home sales dropped. Mortgage rates have been at the root of many problems afflicting the US housing market and now they are starting to take a toll on homebuilder stocks; things could get even uglier as rates consistently move between 7% and realtors see mortgage rates going as high as 8% even. As part of Yahoo Finance's Real Estate: The New Reality special coverage this week, Wedbush Securities Equity Research SVP Jay McCanless describes the rate environment as having "gone from being pretty benign" at 2024's start to "much more negative now than we would've expected." McCanless outlines how homebuilders are operating in this rate-sensitive housing market and where he sees demand going based on the younger generations of homebuyers. "The group is carrying less debt than it was five years ago and especially ten years ago. They are building the homes certainly more efficiently than they were back then, but at the same time, it comes down to monthly payment and the builders, I think they've done a good job of trying to shrink the size of the homes that they're building, reduce the amenities that they're putting especially in some the starter homes," McCanless says. "But at the end of the day if the mortgage rate's gone up 100-something basis points like it has this year already, that's just going to reduce the size of the population that can potentially buy a home." Catch more of Yahoo Finance's Real Estate: The New Reality coverage this week, or watch this full episode here. This post was written by Luke Carberry Mogan.
Yahoo Finance Video · 4d ago
CCS
+0.64%
LGIH
+1.02%

Performance Overview: MTH

Trailing total returns as of 4/26/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

MTH
2.25%
S&P 500
6.92%

1-Year Return

MTH
36.98%
S&P 500
25.26%

3-Year Return

MTH
82.76%
S&P 500
22.00%

5-Year Return

MTH
237.47%
S&P 500
74.29%

Compare To: MTH

Compare

Select to analyze similar companies using key performance metrics; select up to 4 stocks.

MTH
Meritage Homes Corporation
169.48
+2.67%
Mkt Cap 6.155B
Industry Residential Construction
CCS
Century Communities, Inc.
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Industry Residential Construction
MHO
M/I Homes, Inc.
120.07
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TPH
Tri Pointe Homes, Inc.
37.88
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Mkt Cap 3.635B
Industry Residential Construction
LGIH
LGI Homes, Inc.
95.85
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Mkt Cap 2.26B
Industry Residential Construction
PHM
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Mkt Cap 23.937B
Industry Residential Construction
TMHC
Taylor Morrison Home Corporation
57.56
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Mkt Cap 6.105B
Industry Residential Construction
NVR
NVR, Inc.
7,647.04
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Mkt Cap 23.407B
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BZH
Beazer Homes USA, Inc.
28.45
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Mkt Cap 897.452M
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LEN
Lennar Corporation
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KBH
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Statistics: MTH

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Valuation Measures

Annual
As of 4/25/2024

  • Market Cap

    6.00B

  • Enterprise Value

    6.09B

  • Trailing P/E

    8.28

  • Forward P/E

    9.30

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    1.00

  • Price/Book (mrq)

    1.30

  • Enterprise Value/Revenue

    0.96

  • Enterprise Value/EBITDA

    5.83

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    12.54%

  • Return on Assets (ttm)

    9.82%

  • Return on Equity (ttm)

    18.06%

  • Revenue (ttm)

    6.33B

  • Net Income Avi to Common (ttm)

    793.46M

  • Diluted EPS (ttm)

    19.92

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    905.3M

  • Total Debt/Equity (mrq)

    21.22%

  • Levered Free Cash Flow (ttm)

    54.77M

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Research Analysis: MTH

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Analyst Price Targets

148.00 Low
181.50 Average
169.48 Current
219.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Earnings

Consensus EPS
 
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Company Insights: MTH

Fair Value

169.48 Current
 

Dividend Score
0 Low
 MTH
 Sector Avg.
100 High
 

Hiring Score
0 Low
 MTH
 Sector Avg.
100 High
 

Insider Sentiment Score
0 Low
 MTH
 Sector Avg.
100 High
 

Research Reports: MTH

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  • MTH: Raising target price to $166.00

    MERITAGE HOMES CORP has an Investment Rating of HOLD; a target price of $166.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.

    Rating
    Price Target
    Argus• 2 days ago
     

  • MTH: Lowering target price to $160.00

    MERITAGE HOMES CORP has an Investment Rating of HOLD; a target price of $160.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.

    Rating
    Price Target
    Argus• 9 days ago
     

  • MTH: Raising target price to $173.00

    MERITAGE HOMES CORP has an Investment Rating of HOLD; a target price of $173.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.

    Rating
    Price Target
    Argus• 16 days ago
     

  • MTH: Lowering target price to $171.00

    MERITAGE HOMES CORP has an Investment Rating of HOLD; a target price of $171.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.

    Rating
    Price Target
    Argus• 23 days ago
     
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