MTH Stock Summary and Trading Ideas (Meritage Homes | NYSE:MTH)

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 January 31, 2025, MTH stock price declined to $78.24 with 687,252 million shares trading.

MTH has a beta of 1.45, meaning it tends to be more sensitive to market movements. MTH has a correlation of 0.20 to the broad based SPY ETF.

MTH has a market cap of $5.63 billion. This is considered a Mid Cap stock.

Last quarter Meritage Homes reported $2 billion in Revenue and $2.36 earnings per share. This beat revenue expectation by $26 million and exceeded earnings estimates by $.16.

In the last 3 years, MTH traded as high as $106.99 and as low as $31.26.

The top ETF exchange traded funds that MTH belongs to (by Net Assets): IJR, VTI, IWM, VB, VBR.

MTH has underperformed the market in the last year with a price return of -5.3% while the SPY ETF gained +24.5%. MTH has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -11.4% and -3.1%, respectively, while the SPY returned +4.5% and +2.1%, respectively.

MTH support price is $78.83 and resistance is $83.22 (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 shares will trade within this expected range on the day.