NYSE
MTH

Meritage Corporation

Residential Construction
Consumer Cyclical

Prices are adjusted according to historical splits.

Meritage Corporation Stock Price

Vitals

Today's Low:
$132.29
Today's High:
$136.11
Open Price:
$133.79
52W Low:
$65.1025
52W High:
$152.55
Prev. Close:
$134
Volume:
310381

Company Statistics

Market Cap.:
$4.93 billion
Book Value:
115.552
Revenue TTM:
$6.44 billion
Operating Margin TTM:
16.32%
Gross Profit TTM:
$1.80 billion
Profit Margin:
13.09%
Return on Assets TTM:
11.56%
Return on Equity TTM:
22.01%

Company Profile

Meritage Corporation had its IPO on 1988-07-20 under the ticker symbol MTH.

The company operates in the Consumer Cyclical sector and Residential Construction industry. Meritage Corporation has a staff strength of 1,921 employees.

Stock update

Shares of Meritage Corporation opened at $133.79 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $132.29 - $136.11, and closed at $132.81.

This is a -0.89% slip from the previous day's closing price.

A total volume of 310,381 shares were traded at the close of the day’s session.

In the last one week, shares of Meritage Corporation have slipped by -5.91%.

Meritage Corporation's Key Ratios

Meritage Corporation has a market cap of $4.93 billion, indicating a price to book ratio of 0.9135 and a price to sales ratio of 0.595.

In the last 12-months Meritage Corporation’s revenue was $6.44 billion with a gross profit of $1.80 billion and an EBITDA of $1.08 billion. The EBITDA ratio measures Meritage Corporation's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Meritage Corporation’s operating margin was 16.32% while its return on assets stood at 11.56% with a return of equity of 22.01%.

In Q2, Meritage Corporation’s quarterly earnings growth was a negative -25.8% while revenue growth was a positive 11%.

Meritage Corporation’s PE and PEG Ratio

Forward PE
7.326
Trailing PE
5.8901
PEG
1.28

Its diluted EPS in the last 12-months stands at $22.75 per share while it has a forward price to earnings multiple of 7.326 and a PEG multiple of 1.28. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Meritage Corporation’s profitability.

Meritage Corporation stock is trading at a EV to sales ratio of 0.7312 and a EV to EBITDA ratio of 3.3089. Its price to sales ratio in the trailing 12-months stood at 0.595.

Meritage Corporation stock pays annual dividends of $0.54 per share, indicating a yield of 0.81% and a payout ratio of 3.56%.

Balance sheet and cash flow metrics

Total Assets
$6.07 billion
Total Liabilities
$662.00 million
Operating Cash Flow
$-13412000.00
Capital Expenditure
$12.24 million
Dividend Payout Ratio
3.56%

Meritage Corporation ended 2024 with $6.07 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $6.07 billion while shareholder equity stood at $4.25 billion.

Meritage Corporation ended 2024 with $0 in deferred long-term liabilities, $662.00 million in other current liabilities, 368000.00 in common stock, $3.92 billion in retained earnings and $167.95 million in goodwill. Its cash balance stood at $1.16 billion and cash and short-term investments were $1.16 billion. The company’s total short-term debt was $0 while long-term debt stood at $1.16 billion.

Meritage Corporation’s total current assets stands at $5.96 billion while long-term investments were $12.45 million and short-term investments were $0. Its net receivables were $210.07 million compared to accounts payable of $276.12 million and inventory worth $4.35 billion.

In 2024, Meritage Corporation's operating cash flow was $-13412000.00 while its capital expenditure stood at $12.24 million.

Comparatively, Meritage Corporation paid $0.04 in dividends in 2024.

Other key metrics

Current Trading Price
$132.81
52-Week High
$152.55
52-Week Low
$65.1025
Analyst Target Price
$173.86

Meritage Corporation stock is currently trading at $132.81 per share. It touched a 52-week high of $152.55 and a 52-week low of $152.55. Analysts tracking the stock have a 12-month average target price of $173.86.

Its 50-day moving average was $140.49 and 200-day moving average was $118.72 The short ratio stood at 2.36 indicating a short percent outstanding of 0%.

Around 199.3% of the company’s stock are held by insiders while 10186.5% are held by institutions.

Frequently Asked Questions About Meritage Corporation

The stock symbol (also called stock or share ticker) of Meritage Corporation is MTH

The IPO of Meritage Corporation took place on 1988-07-20

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About

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for first-time and first move-up buyers in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee. The company also offers title and escrow, mortgage, title insurance, and closing/settlement services to its homebuyers. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.

Address

8800 East Raintree Drive, Scottsdale, AZ, United States, 85260