Meritage Homes Corporation
NYSE-MTH
Company Overview
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family 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. The company also offers title insurance and closing/settlement services to its homebuyers. It builds and sells homes in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee under the Meritage Homes brand name. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.
Name
Meritage Homes Corporation
CEO
Phillippe Lord
Website
www.meritagehomes.com
Sector
Household Durables
Year Founded
1985
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What's happening
Nov 13, 2025 - Dec 13, 2025
Meritage Homes Corp: Strong Performance Amidst Mixed Market Signals
- MTH announced a quarterly dividend of $0.43 per share, reinforcing its commitment to shareholder returns.
- The company executed significant share repurchases totaling $128 million in the fourth quarter and $273 million year-to-date as of mid-November.
- Despite a downgrade from Evercore ISI Group, MTH's financial strategies helped maintain investor confidence and stock performance.
Over the past month, Meritage Homes Corporation (MTH) experienced an overall movement of 6.1%, significantly outperforming the S&P 500, which declined by 0.2%. This positive trend was influenced by key developments that shaped investor sentiment during this period. On November 21, MTH announced a quarterly dividend of $0.43 per share set for payment on December 31 to shareholders recorded as of December 17. Additionally, impressive share repurchases amounting to $128 million in the fourth quarter alone and $273 million year-to-date bolstered confidence among investors.
The company's commitment to increasing its buyback program for 2026 further enhanced this sentiment with plans for quarterly repurchases totaling $400 million annually. However, not all news was favorable; on December 4, Evercore ISI Group downgraded MTH's rating to "In-Line" while lowering its price target to $77 due to broader concerns within the housing market and potential challenges specific to Meritage itself.
Despite these bearish sentiments stemming from recent downgrades, MTH's robust financial strategies and strong operational performance helped sustain an upward trajectory over the month. The proactive approach in managing shareholder returns through dividends and aggressive stock buybacks played a significant role in mitigating negative perceptions resulting from external pressures.
Overall, fluctuations driven by bullish announcements regarding dividends and share repurchase plans were counterbalanced by bearish ratings adjustments from analysts like Evercore ISI Group; nonetheless, Meritage Homes Corp outperformed not only relative to broader market indices but also exceeded expectations within its sector—outperforming the Consumer Discretionary (XLY) sector by an impressive margin of 55.4%.