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Last $47.22 USD
Change Today -0.15 / -0.32%
Volume 226.9K
MTH On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

meritage homes corp (MTH) Snapshot

Open
$47.52
Previous Close
$47.37
Day High
$48.03
Day Low
$47.01
52 Week High
04/6/15 - $49.90
52 Week Low
01/20/15 - $31.69
Market Cap
1.9B
Average Volume 10 Days
628.3K
EPS TTM
$3.29
Shares Outstanding
39.7M
EX-Date
12/26/96
P/E TM
14.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for MERITAGE HOMES CORP (MTH)

meritage homes corp (MTH) Related Businessweek News

No Related Businessweek News Found

meritage homes corp (MTH) Details

Meritage Homes Corporation designs and builds single-family detached homes in Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; constructs, markets, and sells homes; and provides warranty and customer services. The company provides a range of homes for various homebuyers, including first-time, move-up, active adult, and luxury under the Meritage Homes, Phillips Builders, Legendary Communities, and Monterey Homes brands. It also offers title insurance and closing/settlement services for its homebuyers. As of December 31, 2014, Meritage Homes Corporation offered its homes in 229 communities. The company was founded in 1985 and is based in Scottsdale, Arizona.

1,300 Employees
Last Reported Date: 02/17/15
Founded in 1985

meritage homes corp (MTH) Top Compensated Officers

Co-Founder, Chairman and Chief Executive Offi...
Total Annual Compensation: $1.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $600.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $525.0K
Compensation as of Fiscal Year 2014.

meritage homes corp (MTH) Key Developments

Meritage Homes Closes Senior Notes Private Offering

Meritage Homes Corporation announced that it closed a private placement of $200 million aggregate principal amount of 6.00% senior unsecured notes due June 1, 2025. The transaction generated around $197.5 million in net proceeds. The company plans to use net proceeds from the offering for general corporate purposes, including the repayment of outstanding borrowings under its unsecured revolving credit facility.

Meritage Homes Corporation Announces Offering of $200 Million of Senior Unsecured Notes Due 2025

Meritage Homes Corporation announced its intention to offer, subject to market and other conditions, $200 million aggregate principal amount of senior unsecured notes due 2025 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act) and outside the United States to persons other than U.S. persons in reliance upon Regulation S under the Securities Act. Final terms of the notes, including the interest rate, maturity date and other terms, will be determined through negotiations between Meritage and the initial purchasers of the notes. Meritage intends to use the net proceeds for general corporate purposes, including the repayment of outstanding borrowings under the company’s unsecured revolving credit facility.

Meritage Homes Corporation Presents at Deutsche Bank 6th Annual Global Industrials and Basic Materials Conference 2015, Jun-03-2015 10:00 AM

Meritage Homes Corporation Presents at Deutsche Bank 6th Annual Global Industrials and Basic Materials Conference 2015, Jun-03-2015 10:00 AM. Venue: The Westin Chicago River North, 320 North Dearborn Street, Chicago, IL 60654, United States. Speakers: Larry W. Seay, Chief Financial Officer and Executive Vice President.

 

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MTH:US $47.22 USD -0.15

MTH Competitors

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Company Last Change
JM AB kr226.30 SEK -3.50
KB Home $16.58 USD -0.21
MDC Holdings Inc $29.97 USD -0.29
Ryland Group Inc/The $46.34 USD -0.48
Standard Pacific Corp $8.90 USD -0.10
View Industry Companies
 

Industry Analysis

MTH

Industry Average

Valuation MTH Industry Range
Price/Earnings 14.8x
Price/Sales 0.8x
Price/Book 1.6x
Price/Cash Flow 14.1x
TEV/Sales 0.4x
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