Essential Facts About Meritage Homes

By Susan Ramirez • Monday, January 30 15:02 • Permanent Link

During the afternoon session, Meritage Homes moved -2.1%, compared to -1.1% for the S&P 500.

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family homes in the United States. Based in Scottsdale, United States the company has 1,773 full time employees and a market cap of $3,815,128,437.

The company is now trading -9.48% away from its average analyst target price of $115.25 per share. The 8 analysts following the stock have set target prices ranging from $90 to $168, and on average give Meritage Homes a rating of buy.

Over the last year, MTH shares have gone up 4.5%, which represents a difference of 14.3% when compared to the S&P 500. The stock's 52 week high is $107.17 per share whereas its 52 week low is $62.51. Based on Meritage Homes's average gross margins growth of 21.2% over the last four years, its core business remains strong and the stock price may maintain this level of performance.

Date Reported	Revenue ($ MM)	Cost of Revenue ($ MM)	Gross Margins (%)	YoY Growth (%)
2021-12-31	5,147	3,712	27.88	28.72
2020-12-31	4,506	3,530	21.66	13.76
2019-12-31	3,678	2,978	19.04	n/a

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.