Meritage Homes (MTH)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	651.55 mm	651.55 mm	651.55 mm	651.55 mm	651.55 mm	651.55 mm
Cash burn (monthly)	60.00 mm	22.47 mm	(no burn)	(no burn)	33.19 mm	18.96 mm
Cash used (since last report)	221.91 mm	83.12 mm	n/a	n/a	122.74 mm	70.14 mm
Cash remaining	429.64 mm	568.44 mm	n/a	n/a	528.81 mm	581.41 mm
Runway (months of cash)	7.2	25.3	n/a	n/a	15.9	30.7

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Financial data from company earnings reports.

Institutional ownership, Q4 2024

MTH institutional ownership history Ownership history

49.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	391	418	-6.5%
Opened positions	62	77	-19.5%
Closed positions	89	49	+81.6%
Increased positions	143	138	+3.6%
Reduced positions	135	147	-8.2%

13F shares	Current	Prev Q	Change
Total value	5.15 tn	6.77 tn	-23.9%
Total shares	35.33 mm	35.08 mm	+0.7%
Total puts	62.30 k	56.91 k	+9.5%
Total calls	73.50 k	73.50 k	–
Total put/call ratio	0.8	0.8	+9.5%

Largest owners	Shares	Value	Change
BlackRock	6.07 mm	$933.85 bn	+0.7%
Vanguard	4.07 mm	$626.78 bn	+0.7%
STT State Street	1.84 mm	$282.51 bn	+3.6%
Dimensional Fund Advisors	1.51 mm	$232.25 bn	-2.6%
Citadel Advisors	853.24 k	$131.25 bn	+3.2%
Geode Capital Management	832.53 k	$128.09 bn	-0.5%
MS Morgan Stanley	779.28 k	$119.87 bn	+12.0%
Greenhaven Associates	739.01 k	$113.67 bn	-0.7%
Fisher Asset Management	693.15 k	$106.62 bn	-4.6%
Earnest Partners	691.34 k	$106.34 bn	-0.8%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	661.13 k	+661.13 k	NEW
Westfield Capital Management	0.00	-483.16 k	EXIT
T. Rowe Price Investment Management	524.32 k	-324.79 k	-38.3%
Victory Capital Management	305.61 k	+292.32 k	+2199.9%
Fuller & Thaler Asset Management	660.00	-291.43 k	-99.8%
Jacobs Levy Equity Management	418.88 k	+281.77 k	+205.5%
HNNA Hennessy Advisors	280.50 k	+280.50 k	NEW
Balyasny Asset Management	293.01 k	-273.06 k	-48.2%
FMR	116.97 k	-230.26 k	-66.3%
GEM Realty Capital	326.62 k	+226.28 k	+225.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MTH insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
13 Mar 25	Keough Joseph	MTH Common Stock	Buy	Acquire P	No	No	69.28	5,000	346.40 k	37,700
10 Mar 25	Phillippe Lord	M/TH COMMON STOCK	Gift	Acquire G	Yes	No	0	3,950	0.00	228,270
10 Mar 25	Phillippe Lord	M/TH COMMON STOCK	Gift	Dispose G	Yes	No	0	3,950	0.00	224,320
3 Mar 25	Sferruzza Hilla	MTH Common Stock	Sell	Dispose S	Yes	Yes	72.37	946	68.46 k	108,367
3 Mar 25	Sferruzza Hilla	MTH Common Stock	Sell	Dispose S	Yes	Yes	71.77	13,621	977.58 k	109,313
3 Mar 25	Clinton Szubinski	MTH Common Stock	Sell	Dispose S	No	Yes	72.38	752	54.43 k	47,784
3 Mar 25	Clinton Szubinski	MTH Common Stock	Sell	Dispose S	No	Yes	71.79	12,307	883.52 k	48,536
3 Mar 25	Feliciano Javier	MTH Common Stock	Sell	Dispose S	No	Yes	72.54	300	21.76 k	36,278
3 Mar 25	Feliciano Javier	MTH Common Stock	Sell	Dispose S	No	Yes	72.04	4,562	328.65 k	36,578
28 Feb 25	Sferruzza Hilla	MTH Common Stock	Grant	Acquire A	Yes	No	0	19,086	0.00	122,934