over 30 years, we've built 85,000+ homes, but more importantly we've created well more than 80,000 happy homeowners. our unmatched commitment to quality has helped us become the ninth largest homebuilder in the country. meritage homes has been included among the forbes' platinum 400 — best big companies of america, the fortune 1000 largest corporations of america, has been named texas builder of the year five times, and was voted as one of the best places to work in the valley by bestcompaniesaz, llc. meritage homes is known for its award-winning designs and for providing outstanding quality. meritage homes is committed to excellence and exceptional value to every home by being 100% energy star® certified. in fact, as a testament to our innovative culture, we were the first national homebuilder to be 100% energy star certified for every home we build. more than building the american dream and upholding our responsibility to help protect the environment, we give our homeowners what th
![Meritage Homes logo](/files/LOGO/833079-MTH.png)
Company profile
Ticker
MTH
Exchange
Website
CEO
Steven Hilton
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
HOMEPLEX MORTGAGE INVESTMENTS CORP, MERITAGE CORP, MONTEREY HOMES CORP
SEC CIK
Corporate docs
IRS number
860611231
MTH stock data
Latest filings (excl ownership)
10-Q
2024 Q2
Quarterly report
26 Jul 24
8-K
Meritage Homes reports second quarter 2024 results
24 Jul 24
8-K
Entry into a Material Definitive Agreement
12 Jun 24
8-K
Submission of Matters to a Vote of Security Holders
16 May 24
8-K
Meritage Homes Completes Offering of 1.75% Convertible Senior Notes
9 May 24
8-K
Meritage Homes Announces Offering of Convertible Senior Notes
7 May 24
S-3ASR
Automatic shelf registration
30 Apr 24
10-Q
2024 Q1
Quarterly report
26 Apr 24
8-K
Meritage Homes reports first quarter 2024 results
24 Apr 24
ARS
2023 FY
Annual report to shareholders
29 Mar 24
Transcripts
MTH
Earnings call transcript
2024 Q2
25 Jul 24
MTH
Earnings call transcript
2024 Q1
25 Apr 24
MTH
Earnings call transcript
2023 Q4
1 Feb 24
MTH
Earnings call transcript
2023 Q3
1 Nov 23
MTH
Earnings call transcript
2023 Q2
28 Jul 23
MTH
Earnings call transcript
2023 Q1
27 Apr 23
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
Latest ownership filings
144
Notice of proposed sale of securities
26 Jul 24
144
Notice of proposed sale of securities
26 Jul 24
144
Notice of proposed sale of securities
26 Jul 24
4
Phillippe Lord
13 Mar 24
144
Notice of proposed sale of securities
13 Mar 24
4
STEVEN J HILTON
5 Mar 24
4
Clinton Szubinski
5 Mar 24
4
Phillippe Lord
5 Mar 24
4
Javier Feliciano
5 Mar 24
4
Hilla Sferruzza
5 Mar 24
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
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) | 992.92 mm | 992.92 mm | 992.92 mm | 992.92 mm | 992.92 mm | 992.92 mm |
Cash burn (monthly) | (no burn) | 14.19 mm | (no burn) | (no burn) | 39.32 mm | 3.03 mm |
Cash used (since last report) | n/a | 12.77 mm | n/a | n/a | 35.38 mm | 2.72 mm |
Cash remaining | n/a | 980.15 mm | n/a | n/a | 957.54 mm | 990.20 mm |
Runway (months of cash) | n/a | 69.1 | n/a | n/a | 24.4 | 327.1 |
Institutional ownership, Q1 2024
93.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 341 |
Opened positions | 297 |
Closed positions | 8 |
Increased positions | 14 |
Reduced positions | 23 |
13F shares | Current |
---|---|
Total value | 5.43 tn |
Total shares | 33.82 mm |
Total puts | 46.60 k |
Total calls | 53.50 k |
Total put/call ratio | 0.9 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 6.20 mm | $1.09 tn |
Vanguard | 4.09 mm | $718.49 bn |
Dimensional Fund Advisors | 1.67 mm | $292.40 bn |
STT State Street | 1.39 mm | $243.96 bn |
T. Rowe Price Investment Management | 1.33 mm | $232.55 mm |
MCQEF Macquarie | 842.44 k | $147.82 bn |
Greenhaven Associates | 826.91 k | $145.09 bn |
Geode Capital Management | 823.85 k | $144.57 bn |
Wellington Management | 760.22 k | $133.39 bn |
Fisher Asset Management | 732.15 k | $128.46 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
13 Mar 24 | Phillippe Lord | M/TH COMMON STOCK | Sell | Dispose S | Yes | No | 162.79 | 2,500 | 406.98 k | 100,266 |
4 Mar 24 | Steven J Hilton | MTH Common Stock | Sell | Dispose S | Yes | Yes | 160.9 | 251 | 40.39 k | 388,971 |
4 Mar 24 | Steven J Hilton | MTH Common Stock | Sell | Dispose S | Yes | Yes | 159.85 | 338 | 54.03 k | 389,222 |
4 Mar 24 | Steven J Hilton | MTH Common Stock | Sell | Dispose S | Yes | Yes | 158.79 | 495 | 78.60 k | 389,560 |
4 Mar 24 | Steven J Hilton | MTH Common Stock | Sell | Dispose S | Yes | Yes | 158.03 | 3,621 | 572.23 k | 390,055 |
4 Mar 24 | Clinton Szubinski | MTH Common Stock | Sell | Dispose S | No | Yes | 160.64 | 407 | 65.38 k | 14,881 |
4 Mar 24 | Clinton Szubinski | MTH Common Stock | Sell | Dispose S | No | Yes | 158.75 | 1,400 | 222.25 k | 15,288 |
4 Mar 24 | Clinton Szubinski | MTH Common Stock | Sell | Dispose S | No | Yes | 157.98 | 5,501 | 869.05 k | 16,688 |
4 Mar 24 | Phillippe Lord | M/TH COMMON STOCK | Sell | Dispose S | Yes | Yes | 160.86 | 200 | 32.17 k | 102,766 |
4 Mar 24 | Phillippe Lord | M/TH COMMON STOCK | Sell | Dispose S | Yes | Yes | 159.94 | 665 | 106.36 k | 102,966 |
News
Wedbush Maintains Underperform on Meritage Homes, Raises Price Target to $160
26 Jul 24
Goldman Sachs Maintains Neutral on Meritage Homes, Raises Price Target to $197
26 Jul 24
Wedbush Reiterates Underperform on Meritage Homes, Maintains $148 Price Target
25 Jul 24
Nasdaq, S&P Futures Slide On More Negative Tech Tidings As Focus Shifts To Q2 GDP Data: Strategist Says Trump Trades May Not Work Even If Ex-President Retakes White House
25 Jul 24
Meritage Homes Q2 2024 GAAP EPS $6.31 Beats $4.97 Estimate, Sales $1.693B Beat $1.571B Estimate
24 Jul 24
Press releases
Meritage Homes reports second quarter 2024 results
24 Jul 24
Meritage Homes Named ENERGY STAR® Partner of the Year For 11th Year & Honored for Highest Homebuyer Ratings in 21st Annual Avid Awards
18 Jun 24
Meritage Homes Second Quarter 2024 Earnings Conference Call and Webcast Scheduled for July 25, 2024
13 Jun 24
Meritage Homes Announces Continued Partnership With Operation Homefront, Two Home Donations in Austin and Charlotte
28 May 24
Meritage Homes Announces Quarterly Cash Dividend
16 May 24