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Meritage Corporation (MTH)



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Upturn Advisory Summary
08/14/2025: MTH (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $85.75
1 Year Target Price $85.75
4 | Strong Buy |
2 | Buy |
6 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -4.58% | Avg. Invested days 37 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.48B USD | Price to earnings Ratio 8.78 | 1Y Target Price 85.75 |
Price to earnings Ratio 8.78 | 1Y Target Price 85.75 | ||
Volume (30-day avg) 12 | Beta 1.29 | 52 Weeks Range 58.87 - 105.15 | Updated Date 08/14/2025 |
52 Weeks Range 58.87 - 105.15 | Updated Date 08/14/2025 | ||
Dividends yield (FY) 2.06% | Basic EPS (TTM) 8.77 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-07-22 | When Before Market | Estimate 2 | Actual 2.04 |
Profitability
Profit Margin 10.27% | Operating Margin (TTM) 11.15% |
Management Effectiveness
Return on Assets (TTM) 6.64% | Return on Equity (TTM) 12.58% |
Valuation
Trailing PE 8.78 | Forward PE 10.21 | Enterprise Value 6509984816 | Price to Sales(TTM) 0.88 |
Enterprise Value 6509984816 | Price to Sales(TTM) 0.88 | ||
Enterprise Value to Revenue 1.05 | Enterprise Value to EBITDA 7.65 | Shares Outstanding 71156096 | Shares Floating 69532355 |
Shares Outstanding 71156096 | Shares Floating 69532355 | ||
Percent Insiders 2.25 | Percent Institutions 100.33 |
Upturn AI SWOT
Meritage Corporation

Company Overview
History and Background
Meritage Corporation was founded in 1985 and has grown to become one of the largest homebuilders in the United States. Initially focused on the Texas market, it expanded geographically through acquisitions and organic growth. The company has a history of focusing on energy-efficient and sustainable building practices.
Core Business Areas
- Homebuilding: The core business of Meritage Corporation is building and selling single-family homes across various price points and geographic locations. This includes entry-level, first move-up, and active adult homes.
Leadership and Structure
The leadership team is headed by Phillippe Lord, CEO. The organizational structure is typical for a large homebuilding company, with regional divisions responsible for local operations and sales.
Top Products and Market Share
Key Offerings
- Entry-Level Homes: Entry-level homes targeting first-time homebuyers, often featuring smaller square footage and simpler designs. Competitors include D.R. Horton (DHI), LGI Homes (LGIH), and PulteGroup (PHM). Market share data specific to entry-level homes is not publicly disclosed by Meritage, but they are a significant player in this segment.
- Move-Up Homes: Larger homes designed for families looking to upgrade from their first home, offering more amenities and customizable options. Competitors include Toll Brothers (TOL), NVR, Inc. (NVR), and PulteGroup (PHM). Market share data specific to move-up homes is not publicly disclosed by Meritage, but they are a growing player in this segment.
- Active Adult Homes: Homes designed for residents 55 and older, offering single-story floor plans and community amenities. Competitors include Taylor Morrison Home Corp. (TMHC), PulteGroup (PHM) and LGI Homes (LGIH). Market share data specific to active adult homes is not publicly disclosed by Meritage, but they are a growing player in this segment.
Market Dynamics
Industry Overview
The homebuilding industry is cyclical and influenced by factors such as interest rates, economic growth, employment levels, and consumer confidence. The industry has seen increased demand in recent years due to demographic trends and a shortage of existing homes.
Positioning
Meritage Corporation is positioned as a leading national homebuilder focusing on entry-level and move-up buyers. Their emphasis on energy efficiency and value-driven pricing provides a competitive advantage.
Total Addressable Market (TAM)
The TAM for new home sales in the US is estimated at hundreds of billions of dollars annually. Meritage is positioned to capture a significant share of this market through its diverse product offerings and national presence.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Focus on energy-efficient homes
- National presence
- Strong land position
Weaknesses
- Sensitivity to interest rate fluctuations
- Reliance on the housing market cycle
- Geographic concentration in certain markets
Opportunities
- Expanding into new geographic markets
- Capitalizing on demographic trends (e.g., Millennial homebuyers)
- Developing new home designs and technologies
Threats
- Rising construction costs
- Economic downturn
- Increased competition
- Interest rate hikes
Competitors and Market Share
Key Competitors
- DHI
- NVR
- PHM
- LEN
Competitive Landscape
Meritage offers a strong value proposition with energy-efficient homes, but faces competition from larger, more diversified builders with greater brand recognition and financial resources.
Growth Trajectory and Initiatives
Historical Growth: Meritage has experienced significant revenue growth in recent years, driven by increased home sales and rising average selling prices.
Future Projections: Analyst estimates for Meritage's future growth vary, but generally anticipate continued growth in revenue and earnings.
Recent Initiatives: Recent initiatives include expanding into new markets, introducing new home designs, and implementing new technologies to improve efficiency.
Summary
Meritage Corporation is a well-positioned national homebuilder focusing on energy-efficient homes. The company has experienced strong growth in recent years but faces risks from rising costs and interest rate fluctuations. Their focus on entry-level and move-up buyers makes them less vulnerable to the high-end market fluctuations. Continued expansion and innovation will be key to maintaining their competitive edge. Meritage is a strong performing public company that is sensitive to changes in the market and manages its capital well.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Meritage Corporation Investor Relations
- Yahoo Finance
- Company Filings (10-K, 10-Q)
- Industry Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share data is estimated and may not be precise. Financial data should be verified with official company filings.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Meritage Corporation
Exchange NYSE | Headquaters Scottsdale, AZ, United States | ||
IPO Launch date 1988-07-20 | CEO, Executive VP & Director Mr. Phillippe Lord | ||
Sector Consumer Cyclical | Industry Residential Construction | Full time employees 1898 | Website https://www.meritagehomes.com |
Full time employees 1898 | Website https://www.meritagehomes.com |
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. It operates through two segments: Homebuilding and Financial Services. The company acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee. It also provides title and escrow, mortgage, insurance, title insurance, and closing/settlement services to its homebuyers. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.

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