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
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 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
DEFA14A
Additional proxy soliciting materials
29 Mar 24
DEF 14A
Definitive proxy
29 Mar 24
8-K
Departure of Directors or Certain Officers
15 Mar 24
10-K
2023 FY
Annual report
14 Feb 24
8-K
Meritage Homes reports fourth quarter 2023 results
31 Jan 24
8-K
Departure of Directors or Certain Officers
10 Jan 24
8-K
Departure of Directors or Certain Officers
16 Nov 23
Transcripts
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
MTH
Earnings call transcript
2021 Q4
27 Jan 22
Latest ownership filings
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
144
Notice of proposed sale of securities
4 Mar 24
144
Notice of proposed sale of securities
4 Mar 24
144
Notice of proposed sale of securities
4 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 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 |
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) | 1.05 bn | 1.05 bn | 1.05 bn | 1.05 bn | 1.05 bn | 1.05 bn |
Cash burn (monthly) | 38.16 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 263.78 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 784.98 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 20.6 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
96.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 341 |
Opened positions | 56 |
Closed positions | 45 |
Increased positions | 111 |
Reduced positions | 127 |
13F shares | Current |
---|---|
Total value | 4.29 tn |
Total shares | 35.19 mm |
Total puts | 159.40 k |
Total calls | 91.40 k |
Total put/call ratio | 1.7 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 6.16 mm | $753.95 bn |
Vanguard | 4.17 mm | $510.37 bn |
Dimensional Fund Advisors | 1.68 mm | $205.65 bn |
STT State Street | 1.39 mm | $170.66 bn |
T. Rowe Price Investment Management | 1.21 mm | $147.65 bn |
Fisher Asset Management | 1.06 mm | $129.77 bn |
MCQEF Macquarie | 969.29 k | $118.63 bn |
Geode Capital Management | 822.59 k | $100.69 bn |
Greenhaven Associates | 813.95 k | $99.62 bn |
Earnest Partners | 753.40 k | $92.21 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 Reiterates Underperform on Meritage Homes, Maintains $148 Price Target
26 Apr 24
US Stocks Brace For Negative Start Amid Tech Earnings Disappointments, Caution Ahead Of Data: 'Worst Of This Two-Week Decline Is Behind Us,' Says Analyst
25 Apr 24
Meritage Homes Q1 2024 GAAP EPS $5.06 Beats $3.55 Estimate, Sales $1.468B Beat $1.288B Estimate
24 Apr 24
Can Magnificent 7 Help Script Market Turnaround? Earnings Pick Up Pace With Microsoft, Meta, Alphabet And Tesla Expected This Week
21 Apr 24
(MTH) - Analyzing Meritage Homes's Short Interest
11 Apr 24
Press releases
Meritage Homes reports first quarter 2024 results
24 Apr 24
Raymond Oppel to Retire from Meritage Homes Board of Directors
15 Mar 24
Meritage Homes Increases Quarterly Cash Dividend And Announces Systematic Share Repurchase Strategy
22 Feb 24
Meritage Homes reports fourth quarter 2023 results
31 Jan 24