Meritage Homes Corporation (MTH)
Meritage Homes Corporation operates in the Residential Construction industry of the Consumer Cyclical sector, headquartered in Scottsdale, AZ, US. The stock last traded at $73.23, down 0.80% on the session, giving a market capitalisation of $4.88B. On trailing twelve-month figures it carries a trailing P/E of 15.26, a net margin of 6.0%. Its beta of 1.36 implies it has historically moved more than the broad market.
Meritage Homes Corporation, alongside its associated companies, focuses on the design and construction of single-family residences throughout the United States. The enterprise operates primarily through two distinct divisions: home construction and financial services. Its core business involves acquiring and developing land, followed by the building, marketing, and selling of homes, predominantly targeting first-time buyers and those seeking their initial upgrade. Furthermore, the company provides its homebuyers with crucial services such as title insurance and support for closing and settlement processes. Meritage Homes constructs and sells properties under its own brand name across a wide geographic footprint, including Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee. The company was established in 1985 and has its corporate headquarters situated in Scottsdale, Arizona.
Meritage Homes Corporation is most often compared with the following Consumer Cyclical names: