Company profile

Ticker
MTH
Exchange
CEO
Steven Hilton
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
HOMEPLEX MORTGAGE INVESTMENTS CORP, MERITAGE CORP, MONTEREY HOMES CORP
SEC CIK
IRS number
860611231

MTH stock data

(
)

Calendar

27 Oct 20
19 Jan 21
31 Dec 21

News

Quarter (USD) Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
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.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
19 Nov 20 Phillippe Lord MTH Common Stock Sell Dispose S No 91.37 1,080 98.68K 28,498
14 Sep 20 Peter L Ax MTH Common Stock Sell Dispose S No 100.07 3,000 300.21K 26,400
10 Sep 20 Peter L Ax MTH Common Stock Sell Dispose S No 100.04 3,000 300.12K 29,400
9 Sep 20 Peter L Ax MTH Common Stock Sell Dispose S No 99.24 3,000 297.72K 32,400
24 Aug 20 Steven J Hilton MTH Common Stock Sell Dispose S No 105.22 400 42.09K 350,360
24 Aug 20 Steven J Hilton MTH Common Stock Sell Dispose S No 104.19 23,804 2.48M 350,760
98.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 277 254 +9.1%
Opened positions 61 57 +7.0%
Closed positions 38 33 +15.2%
Increased positions 83 72 +15.3%
Reduced positions 104 98 +6.1%
13F shares
Current Prev Q Change
Total value 4.08B 2.77B +47.1%
Total shares 36.98M 36.42M +1.5%
Total puts 136.06K 72.4K +87.9%
Total calls 101.9K 142.6K -28.5%
Total put/call ratio 1.3 0.5 +163.0%
Largest owners
Shares Value Change
BLK Blackrock 5.99M $661.76M +3.9%
Vanguard 4.15M $457.91M -3.2%
Dimensional Fund Advisors 3.22M $354.96M 0.0%
Earnest Partners 1.46M $160.72M +0.5%
Fisher Asset Management 1.37M $151.69M -2.4%
STT State Street 1.2M $132.67M -2.5%
GS Goldman Sachs 1.04M $114.92M -8.7%
MCQEF Macquarie 925.32K $102.15M -23.7%
NTRS Northern Trust 908.9K $100.34M -1.6%
TROW T. Rowe Price 870.86K $96.13M +89.9%
Largest transactions
Shares Bought/sold Change
Echo Street Capital Management 0 -754.63K EXIT
CGM Trust 620K +620K NEW
Alliancebernstein 551.96K +484.98K +724.0%
TROW T. Rowe Price 870.86K +412.26K +89.9%
IVZ Invesco 521.44K +363.33K +229.8%
MCQEF Macquarie 925.32K -288.19K -23.7%
Fuller & Thaler Asset Management 271.16K +271.16K NEW
BLK Blackrock 5.99M +226.63K +3.9%
Arrowstreet Capital, Limited Partnership 133.49K -213.97K -61.6%
Victory Capital Management 326.49K +191.66K +142.1%

Financial report summary

?
Risks
  • Our long-term success depends on the availability of lots and land that meet our land investment criteria.
  • Shortages in the availability of subcontract labor may delay construction schedules and increase our costs.
  • If our current strategic initiatives are not successful, it could have negative consequences on our operations, financial position and cash flows.
  • If home prices decline, potential buyers may not be able to sell their existing homes, which may negatively impact our sales.
  • Increases in interest rates and decreases in mortgage availability may make purchasing a home more difficult or less desirable and may negatively impact the ability to sell new and existing homes.
  • Information technology failures and data security breaches could harm our business.
  • Legislation related to tariffs could increase the cost to construct our homes.
  • Our future operations may be adversely impacted by high inflation.
  • A reduction in our sales absorption levels may force us to incur and absorb additional community-level costs.
  • The value of our real estate inventory may decline, leading to impairments and reduced profitability.
  • High cancellation rates may negatively impact our business
  • If we are unable to successfully compete in the highly competitive housing industry, our financial results and growth may suffer.
  • Expirations, amendments or changes to tax laws, incentives or credits currently available to us and our homebuyers may negatively impact our business.
  • Reduced levels of sales may cause us to re-evaluate the viability of existing option contracts, resulting in a potential termination of these contracts which may lead to impairment charges.
  • Our business may be negatively impacted by natural disasters or extensive weather.
  • We are subject to home warranty and construction defect claims arising in the ordinary course of business, which may lead to additional reserves or expenses.
  • A major safety incident relating to our operations could be costly in terms of potential liabilities and reputational damage.
  • Our income tax provision and other tax liabilities may be insufficient if taxing authorities initiate and are successful in asserting tax positions that are contrary to our position.
  • Our ability to acquire and develop raw or partially finished lots may be negatively impacted if we are unable to secure performance bonds.
  • The loss of key personnel may negatively impact us.
  • Failure to comply with laws and regulations by our employees or representatives may harm us.
  • We experience fluctuations and variability in our operating results on a quarterly basis and, as a result, our historical performance may not be a meaningful indicator of future results.
  • Our level of indebtedness may adversely affect our financial position and prevent us from fulfilling our debt obligations.
  • Our ability to obtain third-party financing may be negatively affected by any downgrade of our credit rating from a rating agency.
  • We may not be successful in future expansion and integrating acquisitions.
  • We are subject to extensive government regulations that could cause us to incur significant liabilities or restrict our business activities.
  • Legislation relating to energy and climate change could increase our costs to construct homes.
  • Negative publicity could adversely affect our reputation and our business, financial results and stock price.
Management Discussion
  • Companywide. Home closing revenue for the year ended December 31, 2019 increased 3.7% to $3.6 billion when compared to $3.5 billion in 2018 due entirely to 736 additional units closed as average sales prices decreased 4.5% compared to the prior year. We also ended 2019 with a positive comparison year-over-year in home orders with $3.7 billion in order value on 9,616 units in 2019 as compared to $3.2 billion on 8,089 units in 2018. A decrease in average sales price for both closings and orders was reflective of our shift to a higher percentage of mix coming from entry-level and first move-up homes. Simplifying our business and improving our buyers' experiences through a strategic shift to product and communities that appeal to the first-time and first move-up buyers has been a key focus for us and we believe our results reflect it. At December 31, 2019 we had 244 actively selling communities, 10.3% lower than prior year, as an 18.8% improvement in orders pace to 37.3 in 2019 compared to 31.4 in 2018 resulted in faster community close-outs. We ended the year with 2,782 homes in backlog valued at $1.1 billion, reflecting 14.3% and 8.1% increases in backlog units and value, respectively, compared to 2018. Average sales prices of homes in backlog declined by 5.5% to $394,700 from $417,600 in 2018 primarily a result of our shift to entry-level homes, as noted above.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: adding, began, cadence, choppy, comfortable, cultivating, culture, driver, embracing, gaining, healthier, inclusive, lumber, member, municipal, nominally, predict, quicker, robust, scaled, simple, solution, strength, team, thereof
Removed: account, costly, declare, defective, flat, foreseeable, legacy, luxury, maximize, minimize, motivate, Promoting, recruitment, reduction, simplification, transitioned, turnover, updated