Meritage Issues $575M in Notes Through Private Placement
TipRanks (Thu, 9-May 4:42 PM ET)
Meritage Homes Completes Offering of 1.75% Convertible Senior Notes
Globe Newswire (Thu, 9-May 10:06 AM ET)
KBW Sticks to Its Hold Rating for Meritage (MTH)
TipRanks (Wed, 8-May 1:25 AM ET)
Meritage Homes Announces Pricing of Convertible Senior Notes
Globe Newswire (Tue, 7-May 7:00 AM ET)
Meritage Homes Announces Offering of Convertible Senior Notes
Globe Newswire (Mon, 6-May 6:40 AM ET)
Meritage Homes Announces Two-Part Series Investor Day Webcast Calls
Globe Newswire (Wed, 1-May 5:46 PM ET)
Meritage Homes reports first quarter 2024 results
Globe Newswire (Wed, 24-Apr 4:30 PM ET)
Meritage Homes First Quarter 2024 Earnings Conference Call and Webcast Scheduled for April 25, 2024
Globe Newswire (Thu, 28-Mar 9:00 AM ET)
Raymond Oppel to Retire from Meritage Homes Board of Directors
Globe Newswire (Fri, 15-Mar 9:00 AM ET)
Meritage Homes Increases Quarterly Cash Dividend And Announces Systematic Share Repurchase Strategy
Globe Newswire (Thu, 22-Feb 4:50 PM ET)
Meritage Homes Corp is engaged as a designer and builder of single-family attached and detached homes. It has operations in three regions: West, Central, and East, which are comprised of ten states: Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Utah. The company operates with two principal business segments; homebuilding and financial services. The homebuilding segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services and the financial services segment offer title and escrow, mortgage, and insurance services. The company generates key revenue from the homebuilding segment.
Meritage Homes trades on the NYSE stock market under the symbol MTH.
As of May 13, 2024, MTH stock price declined to $180.09 with 223,469 million shares trading.
MTH has a beta of 2.06, meaning it tends to be more sensitive to market movements. MTH has a correlation of 0.43 to the broad based SPY ETF.
MTH has a market cap of $6.54 billion. This is considered a Mid Cap stock.
Last quarter Meritage Homes reported $1 billion in Revenue and $5.06 earnings per share. This beat revenue expectation by $178 million and exceeded earnings estimates by $1.54.
In the last 3 years, MTH stock traded as high as $183.78 and as low as $62.51.
The top ETF exchange traded funds that MTH belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.
MTH has outperformed the market in the last year with a price return of +44.4% while the SPY ETF gained +27.8%. MTH has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +17.1% and +6.3%, respectively, while the SPY returned +4.3% and +2.5%, respectively.
MTH support price is $176.02 and resistance is $184.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MTH stock will trade within this expected range on the day.