Meritage Homes
About: Meritage Homes Corp is engaged as a designer and builder of single-family attached and detached homes. It has operations in three regions: West, Central, and East, which are comprised of ten states: Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Utah. The company operates with two principal business segments; homebuilding and financial services. The homebuilding segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services and the financial services segment offer title and escrow, mortgage, and insurance services. The company generates key revenue from the homebuilding segment.
Employees: 1,838
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
12% more call options, than puts
Call options by funds: $11.3M | Put options by funds: $10.1M
1% more repeat investments, than reductions
Existing positions increased: 140 | Existing positions reduced: 138
0.12% more ownership
Funds ownership: 97.48% [Q3] → 97.6% (+0.12%) [Q4]
8% less funds holding
Funds holding: 418 [Q3] → 384 (-34) [Q4]
26% less capital invested
Capital invested by funds: $7.25B [Q3] → $5.4B (-$1.86B) [Q4]
29% less first-time investments, than exits
New positions opened: 57 | Existing positions closed: 80
75% less funds holding in top 10
Funds holding in top 10: 4 [Q3] → 1 (-3) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Keefe, Bruyette & Woods Jade Rahmani 50% 1-year accuracy 17 / 34 met price target | 22%upside $90 | Market Perform Maintained | 6 Feb 2025 |
Goldman Sachs Susan Maklari 19% 1-year accuracy 5 / 27 met price target | 36%upside $100 | Buy Maintained | 14 Jan 2025 |
UBS John Lovallo 14% 1-year accuracy 4 / 28 met price target | 60%upside $118 | Buy Maintained | 8 Jan 2025 |
JP Morgan Michael Rehaut 59% 1-year accuracy 10 / 17 met price target | 33%downside $49 | Neutral Downgraded | 13 Dec 2024 |
Financial journalist opinion
Based on 8 articles about MTH published over the past 30 days
