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Meritage Corporation (MTH)

Upturn stock ratingUpturn stock rating
$77
Last Close (24-hour delay)
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PASS
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Upturn Advisory Summary

08/14/2025: MTH (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

12 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $85.75

1 Year Target Price $85.75

Analysts Price Target For last 52 week
$85.75 Target price
52w Low $58.87
Current$77
52w High $105.15

Analysis of Past Performance

Type Stock
Historic Profit -4.58%
Avg. Invested days 37
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

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

ai summary icon Upturn AI SWOT

Meritage Corporation

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 1898

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.