Trade

with

Meritage Homes Corp
(NYSE: MTH)
AdChoices
37.90
+0.08
+0.21%
After Hours :
-
-
-

Open

37.77

Previous Close

37.82

Volume (Avg)

183.57k (534.24k)

Day's Range

37.10-38.06

52Wk Range

33.11-50.28

Market Cap.

1.48B

Dividend Rate ( Yield )

-

Beta

1.39

Shares Outstanding

39.12M

P/E Ratio (EPS)

10.53 (3.60)

AdChoices
Fundamentals
  • Key statistics
  • Growth
  • Profitability
  • Financial health
  • Price ratios
  • Trading statistics
Industry Residential Construction
Highlights
Analyst Recommendation: Outperform
    • Revenue

    • 1.83B

    • Net Income

    • 124.46M

    • Market Cap.

    • 1.48B

    • Enterprise Value

    • -

    • Net Profit Margin %

    • 7.38

    • PEG (Price/Earnings Growth) Ratio

    • 0.47

    • Beta

    • 1.39

    • Forward P/E

    • 9.03

    • Price/Sales

    • 0.78

    • Price/Book Value

    • 1.45

    • Price/Cash flow

    • -6.24

      • EBITDA

      • 202.70M

      • Return on Capital %

      • 7.31

      • Return on Equity %

      • 16.35

      • Return on Assets %

      • 7.31

      • Book Value/Share

      • 26.08

      • Shares Outstanding

      • 39.12M

      • Last Split Factor (Date)

      • -

      • Last Dividend (Ex-Date)

      • 0.01 (12/26/1996)

      • Dividend Declaration Date

      • -

      Analyst Recommendation
      10/21/2014
      Outperform
        • 1 Year Price Target

        • 47.00

        • Credit Rating

        • -

        • Analysts

        • 2

        • EPS Estimate

        • 3.79

        • Cashflow Estimate

        • 4.81

        Morningstar Consensus estimate data
        • Growth Rate (%)

        • Company

        • Industry

          • Sales (Revenue)

            Q/Q (last year)

          • 12.20

          • 21.90

          • Net Income

            YTD/YTD (last year)

          • 18.40

          • 59.89

          • Net Income

            Q/Q (last year)

          • 24.60

          • -6.99

          • Sales (Revenue)

            5-Year Annual Average

          • 3.78

          • -24.71

          • Net Income

            5-Year Annual Average

          • -

          • 1.82

          • Dividends

            5-Year Annual Average

          • -

          • -

          • Profit Margins (%)

          • Company

          • Industry

            • Gross Margin

            • 23.13

            • 19.83

            • Pre-Tax Margin

            • 11.10

            • 10.97

            • Net Profit Margin

            • 7.38

            • 14.05

            • Average Gross Margin

              5-Year Annual Average

            • 15.10

            • 13.06

            • Average Pre-Tax Margin

              5-Year Annual Average

            • -1.20

            • -0.78

            • Average Net Profit Margin

              5-Year Annual Average

            • 1.40

            • 15.06B

            • Financial Ratios

            • Company

            • Industry

              • Debt/Equity Ratio

              • 0.89

              • 0.86

              • Current Ratio

              • 1.45

              • 5.77

              • Quick Ratio

              • 1.45

              • 0.79

              • Interest Coverage

              • 23.79

              • 19.26

              • Leverage Ratio

              • 2.15

              • 2.27

              • Book Value/Share

              • 26.08

              • 11.80

              • Price Ratios

              • Company

              • Industry

                • Current P/E Ratio

                • 10.41

                • 15.75

                • P/E Ratio 5-Year High

                • 14.71

                • 140.16

                • P/E Ratio 5-Year Low

                • 3.80

                • -1,103.83

                • Price/Sales Ratio

                • 0.77

                • 1.11

                • Price/Book Value

                • 1.44

                • 1.84

                • Price/Cash Flow Ratio

                • -6.24

                • -12.38

                • Key Metrics

                • Company

                • Industry

                  • Return on Equity %

                    (5-Year Average)

                  • 16.35

                    (3.60)

                  • 22.50

                    (5.60)

                  • Return on Assets %

                    (5-Year Average)

                  • 7.31

                    (1.60)

                  • 9.69

                    (2.33)

                  • Return on Capital %

                    (5-Year Average)

                  • 8.61

                    (3.50)

                  • 11.74

                    (2.90)

                  • Income/Employee

                  • 137.84k

                  • 151.45k

                  • Inventory Turnover

                  • -

                  • 0.88

                  • Asset Turnover

                  • 0.99

                  • 0.69

                  Current Historical
                  Financials
                  • Income Statement
                  • Balance Sheet
                  • Cash Flow
                  Operating Income
                  194.15M
                  Operating Margin
                  10.59
                  Total Equity
                  -
                  Retained Earnings
                  -
                  Free Cashflow
                  -
                  Price/Cashflow
                  -6.24
                  Ownership

                  Institutional Ownership

                  -

                  Top 10 Institutions

                  58.78%

                  Mutual Fund Ownership

                  47.79%

                  Float

                  84.04%

                  5% / Insider Ownership

                  1.14%

                  Corporate insiders or major stockholders reporting trading activity in the stock.

                  Top Mutual Fund Owners

                  Top Institutional Owners

                  Mutual Fund Name

                  Institution Name

                  • Mutual Fund Name

                  • Shares Held

                  • % Change

                  • % Outstanding

                  • T. Rowe Price Small Cap Value Fund

                  •  

                    1,028,800

                  • -0.38

                  • 2.63

                  • T. Rowe Price Small Cap Stock Fund

                  •  

                    978,300

                  • -0.49

                  • 2.50

                  • iShares US Home Construction

                  •  

                    906,594

                  • 0.00

                  • 2.47

                  • Delaware Small Cap Value Fund

                  •  

                    768,200

                  • 0.75

                  • 1.96

                  • iShares Core S&P Small-Cap (AU)

                  •  

                    750,449

                  • 0.20

                  • 2.04

                  • Vanguard Windsor™ II Fund

                  •  

                    713,918

                  • 4.79

                  • 1.82

                  • RI CBF AllianceBern Discovery Value

                  •  

                    712,318

                  • 0.00

                  • 1.82

                  • Vanguard Small Cap Index

                  •  

                    611,604

                  • -0.33

                  • 1.56

                  • iShares Russell 2000 (AU)

                  •  

                    583,061

                  • -1.46

                  • 1.59

                  • Vanguard Total Stock Mkt Idx

                  •  

                    566,651

                  • 0.12

                  • 1.45

                  • Institution Name

                  • Shares Held

                  • % Change

                  • % Outstanding

                  • BlackRock Fund Advisors

                  •  

                    3,169,513

                  • -2.85%

                  • 8.10

                  • T. Rowe Price Associates, Inc.

                  •  

                    3,063,160

                  • -0.40%

                  • 7.83

                  • Citadel Advisors Llc

                  •  

                    2,482,422

                  • -0.77%

                  • 6.35

                  • Vanguard Group, Inc.

                  •  

                    2,350,775

                  • +0.40%

                  • 6.01

                  • AllianceBernstein LP

                  •  

                    2,028,865

                  • +25.96%

                  • 5.19

                  • Impala Asset Management LLC

                  •  

                    1,872,884

                  • +42.58%

                  • 4.79

                  • EARNEST Partners LLC.

                  •  

                    1,720,920

                  • -1.88%

                  • 4.40

                  • Fisher Asset Management, LLC

                  •  

                    1,308,425

                  • +25.18%

                  • 3.34

                  • Dimensional Fund Advisors, Inc.

                  •  

                    1,162,033

                  • +31.32%

                  • 2.97

                  Company Profile

                  Sector

                  Consumer Cyclical

                  Industry

                  Residential Construction

                  Type

                  Cyclical

                  Style

                  Small Value

                  Meritage Homes Corp was incorporated in July 1988 in Maryland. The Company is a real estate investment trust in the State of Maryland. It is a designer and builder of single-family attached and detached homes in the historically high...more-growth regions of the southern and western United States, based on the number of home closings. It offers first-time, move-up, luxury and active adult homes to its targeted customer base. The Company has operations in three regions: West, Central and East, which are comprised of seven metropolitan areas in Arizona, Texas, California, Nevada, Colorado and Florida and North Carolina. Its homebuilding and marketing activities are conducted under the name of Meritage Homes in each of its markets, except for Arizona, where it also operates under the name of Monterey Homes, a...morend in Texas, where it also operate as Legacy Homes and Monterey Homes. The Company participates in several joint ventures with independent third parties relating to the purchase and development of land. It has less than a controlling interest in its joint ventures. It typically enters into these joint ventures with other homebuilders, land sellers or other real estate investors to provide it and the other joint venture partners with a means of accessing larger parcels and lot positions, expanding its market opportunities, managing its risk profile and leveraging its capital base. The Company acts as the general contractor for its projects and typically hire subcontractors on a project-by-project or reasonable geographic-proximity basis to complete construction at a fixed price. It usually enters into agreements with subcontractors and materials suppliers on an individual basis after receiving competitive bids. Occasionally, it enters into longer-term contracts with subcontractors and suppliers if it could obtain more favorable terms to minimize construction costs. At December 31, 2013, it was actively selling homes in 188 communities. The Company competes for sales in each of its markets with national, regional and local developers and home-builders, existing home resales and, to a lesser extent, condominiums and available rental housing. Some of its competitors have greater financial resources or lower costs than it does. Competition among both small and large residential home-builders is based on a number of interrelated factors, including location, reputation, amenities, design, quality and price. The Company is subject to a variety of local, state, and federal statutes, ordinances, rules and regulations concerning the protection of health and the environment.lessless

                  Key People

                  Steven J. Hilton

                  CEO/Chairman of the Board/Co-Founder/Director

                  Larry W. Seay

                  Executive VP/CFO

                  C. Timothy White

                  Executive VP/General Counsel/Secretary

                  Steven M. Davis

                  COO/Executive VP

                  Hilla Sferruzza

                  Chief Accounting Officer/Controller/Senior Vice President

                  • Meritage Homes Corp

                  • 17851 North 85th Street

                  • Scottsdale, AZ 85255

                  • USA.Map

                  • Phone: +1 480 515-8100

                  • Fax: -

                  • meritagehomes.com

                  Incorporated

                  1988

                  Employees

                  1,050

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