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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
52% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 50
33% more call options, than puts
Call options by funds: $15.1M | Put options by funds: $11.4M
25% more capital invested
Capital invested by funds: $5.76B [Q2] → $7.2B (+$1.44B) [Q3]
7% more funds holding
Funds holding: 391 [Q2] → 417 (+26) [Q3]
8% less repeat investments, than reductions
Existing positions increased: 138 | Existing positions reduced: 150
1.23% less ownership
Funds ownership: 98.05% [Q2] → 96.82% (-1.23%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$197
27%
upside
Avg. target
$198
28%
upside
High target
$198
28%
upside
2 analyst ratings
0 positive
0%
2 neutral
100%
0 negative
0%
JP Morgan Michael Rehaut 63% 1-year accuracy 10 / 16 met price target | 27%upside $197 | Neutral Downgraded | 13 Dec 2024 |
Keefe, Bruyette & Woods Jade Rahmani 45% 1-year accuracy 13 / 29 met price target | 28%upside $198 | Market Perform Maintained | 5 Nov 2024 |
Financial journalist opinion
Based on 8 articles about MTH published over the past 30 days
Neutral
GlobeNewsWire
4 days ago
Meritage Homes Gives $3.3 Million In 2024 To Support Communities Nationwide
SCOTTSDALE, Ariz., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth-largest public homebuilder in the U.S., continues to live up to its brand promise of a Life.Built.Better.® in 2024 by contributing $3.3 million and sponsoring numerous community volunteer events throughout its geographic footprint. During the year, the homebuilder donated $1.5 million mainly through Meritage Cares, its philanthropic foundation, as well as additional in-kind donations to help combat food insecurity, support tree planting efforts, fund education and career development initiatives, assist military veterans and their families, and improve affordable housing supply. The Company also contributed nearly $1.8 million to fund K-12 education opportunities in Arizona, Florida, and Georgia.
Neutral
Seeking Alpha
1 week ago
Meritage Homes: Favourable Macro Backdrop And A Right Strategy In Place
I maintain a buy rating for Meritage Homes Corporation due to strong earnings growth outlook and favorable macro conditions, including tight housing supply and elevated mortgage rates. MTH's strategic focus on quick, move-in ready homes with a 60-day closing guarantee positions it well to capture demand in the current market. Risks include tighter regulations affecting home financing and supply chain pressures from increased new home construction.
Neutral
Schwab Network
1 week ago
RH Year-High Rally, COST Little Changed, Homebuilder Downgrades
Broadcom (AVGO) may have stolen the show with its earnings, but RH ushers a huge rally of its own with raised guidance despite a miss on earnings. Costco (COST) didn't shake a lot of ground in the market after reporting an earnings beat.
Neutral
GlobeNewsWire
2 weeks ago
Meritage Homes Fourth Quarter 2024 Earnings Conference Call and Webcast Scheduled for January 30, 2025
SCOTTSDALE, Ariz., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's fourth quarter 2024 results on Wednesday, January 29, 2025 after the market closes. Management will host a conference call to discuss the results at 8:00 a.m. Mountain Standard Time (10:00 a.m. Eastern Standard Time) on Thursday, January 30, 2025.
Positive
CNBC Television
2 weeks ago
Meritage Homes CEO: We fill a void in housing market with move-in ready homes
Phillippe Lord, Meritage Homes CEO, joins CNBC's 'The Exchange' to discuss what to expect in the upcoming year for home building.
Positive
Zacks Investment Research
3 weeks ago
Why Is Meritage (MTH) Up 6.6% Since Last Earnings Report?
Meritage (MTH) reported earnings 30 days ago. What's next for the stock?
Neutral
GlobeNewsWire
3 weeks ago
Meritage Homes Announces Two-for-One Stock Split
SCOTTSDALE, Ariz., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that its Board of Directors has declared a two-for-one stock split of Meritage's common stock in the form of a stock dividend. Each stockholder of record at the close of business on December 31, 2024 will receive one additional share of common stock for each share of common stock held, payable after the close of market on January 2, 2025. Trading will begin on a split-adjusted basis on January 3, 2025.
Neutral
GlobeNewsWire
4 weeks ago
Meritage Homes Announces Quarterly Cash Dividend and $250M Increase to Share Repurchase Authorization
SCOTTSDALE, Ariz., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that its Board of Directors has declared a quarterly dividend of $0.75 per share. This dividend is payable on December 31, 2024 to shareholders of record as of the close of trading on December 17, 2024.
Positive
CNBC Television
1 month ago
Homebuilder M&A soars - here's why
CNBC's Diana Olick joins 'The Exchange' to report on homebuilder sentiment improving and why homebuilder M&A is soaring.
Positive
MarketBeat
1 month ago
Time to Load Up on Home Builders?
Investors and home buyers alike have watched eagerly as market optimism for homebuilder stocks has grown throughout the last year. The iShares U.S. Home Construction ETF BATS: ITB, a benchmark for the broader industry, rose to a 1-year high in mid-October and is currently up more than 38% in the past 12 months.
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