Meritage Homes (MTH)

Company Profile

Meritage Homes is the sixth-largest public homebuilder in the United States, based on homes closed in 2020. Meritage offers a variety of homes that are designed with a focus on first-time and first move-up buyers in Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee.

Company profile

Ticker

MTH

Exchange

NYSE

Website

www.meritagehomes.com

CEO

Steven Hilton

Incorporated

Maryland

Location

Arizona

Fiscal year end

Dec 31

Sector

Construction > New Single-Family Housing Construction (except For-Sale Builders)

Industry (SIC)

Operative Builders

PulteGroup • Toll Brothers • KB Home • Taylor Morrison Home • NVR • Beazer Homes USA • M.D.C. • Hovnanian Enterprises • MI Homes • Dream Finders Homes ...

Former names

HOMEPLEX MORTGAGE INVESTMENTS CORP, MERITAGE CORP, MONTEREY HOMES CORP

SEC CIK

0000833079

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

860611231

MTH stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$122.25

Low target

$103.00

High target

$130.00

Latest filings (excl ownership)

View all

8-K

Departure of Directors or Certain Officers

23 Feb 23

8-K

Meritage Homes Initiates Quarterly Cash Dividend

15 Feb 23

Results of Operations and Financial Condition

28 Oct 22

Results of Operations and Financial Condition

26 Oct 22

8-K

Amendments to Articles of Incorporation or Bylaws

29 Jul 22

Results of Operations and Financial Condition

Transcripts

View all

MTH

Earnings call transcript

2022 Q4

2 Feb 23

MTH

Earnings call transcript

2022 Q3

28 Oct 22

MTH

Earnings call transcript

2022 Q2

28 Jul 22

MTH

Earnings call transcript

2022 Q1

28 Apr 22

MTH

Earnings call transcript

2021 Q4

27 Jan 22

MTH

Earnings call transcript

2021 Q3

28 Oct 21

MTH

Earnings call transcript

2021 Q2

29 Jul 21

MTH

Earnings call transcript

2021 Q1

1 May 21

MTH

Earnings call transcript

2020 Q4

28 Jan 21

MTH

Earnings call transcript

2020 Q3

22 Oct 20

Latest ownership filings

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Financial summary

Financial statements Chart MTH financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Institutional ownership, Q4 2022

MTH institutional ownership history Ownership history

20.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	283	266	+6.4%
Opened positions	54	33	+63.6%
Closed positions	37	38	-2.6%
Increased positions	101	87	+16.1%
Reduced positions	93	106	-12.3%

13F shares	Current	Prev Q	Change
Total value	3.10 tn	2.76 bn	+112288.2%
Total shares	35.37 mm	34.07 mm	+3.8%
Total puts	36.00 k	81.10 k	-55.6%
Total calls	47.40 k	194.90 k	-75.7%
Total put/call ratio	0.8	0.4	+82.5%

Largest owners	Shares	Value	Change
BLK Blackrock	6.24 mm	$575.47 bn	+2.7%
Vanguard	4.25 mm	$391.52 bn	+2.5%
Dimensional Fund Advisors	1.71 mm	$157.78 bn	-0.0%
Earnest Partners	1.46 mm	$134.42 bn	-23.3%
STT State Street	1.43 mm	$131.57 bn	NEW
T. Rowe Price Investment Management	1.38 mm	$127.75 bn	+7.5%
Fisher Asset Management	1.13 mm	$104.54 mm	+0.8%
MCQEF Macquarie	871.34 k	$80.34 bn	+0.5%
GS Goldman Sachs	831.96 k	$76.71 bn	-3.2%
Greenhaven Associates	819.75 k	$75.58 bn	+3.4%

Largest transactions	Shares	Bought/sold	Change
STT State Street	1.43 mm	+1.43 mm	NEW
Balyasny Asset Management	151.64 k	-694.89 k	-82.1%
Earnest Partners	1.46 mm	-443.72 k	-23.3%
Norges Bank	395.59 k	+395.59 k	NEW
Capital World Investors	353.40 k	+353.40 k	NEW
Millennium Management	488.66 k	+350.20 k	+252.9%
Citadel Advisors	777.40 k	+329.38 k	+73.5%
Fuller & Thaler Asset Management	559.40 k	-307.34 k	-35.5%
Wishbone Management	0.00	-291.53 k	EXIT
Long Pond Capital	257.61 k	+257.61 k	NEW

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
3 Mar 23	Phillippe Lord	MTH Common Stock	Sell	Dispose S	No	No	110	5,400	594.00 k	44,441
3 Mar 23	Oppel Raymond	MTH Common Stock	Sell	Dispose S	No	No	110.22	5,000	551.10 k	10,000
22 Feb 23	Alison Sasser	MTH Common Stock	Sell	Dispose S	No	Yes	107.72	208	22.41 k	1,981
22 Feb 23	Sferruzza Hilla	MTH Common Stock	Sell	Dispose S	No	No	107.48	8,629	927.44 k	42,918
22 Feb 23	Sferruzza Hilla	MTH Common Stock	Sell	Dispose S	No	No	106.39	3,508	373.22 k	51,547
22 Feb 23	Sferruzza Hilla	MTH Common Stock	Sell	Dispose S	No	Yes	107.7	949	102.21 k	55,055
22 Feb 23	Sferruzza Hilla	MTH Common Stock	Sell	Dispose S	No	Yes	107.18	8,248	884.02 k	56,004
22 Feb 23	Oppel Raymond	MTH Common Stock	Sell	Dispose S	No	No	106.6	5,000	533.00 k	15,000