MTH
Meritage Homes Corporation
NYSEUSDEQUITY
Consumer Cyclical
DELAYED
Neutral
-20/100
Last price
62.82
▲ 0.54 (0.87%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
62.01
Prev close
62.28
Day high
63.56
Day low
61.91
Volume
736.27K
Market cap
$4.09B
P/E (TTM)
13.11
52W range
58.03 – 85.38
Day trading desk
Gap from prior close
-0.43%
Prior close 62.28
VWAP
62.89
-0.11% from price
Relative volume
1.91×
Unusually busy
Session range
2.67%
61.91 – 63.56
Position in range
55%
Mid range
ATR (14D)
2.04
3.24% of price
Prior day high
63.65
PDH
Prior day low
62.17
PDL
Bid / ask spread
—
Quote not published
Session volume
1.55M
Avg 810.83K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-1.69%
-3.6%
1M
-6.70%
-7.9%
3M
-15.77%
-20.3%
6M
+2.85%
-15.3%
YTD
-4.53%
-18.8%
1Y
-15.94%
-32.4%
3Y
+2.66%
-79.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
10 more panels on MTH open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+9.73K
Net buying
Buy transactions
1
11.00K shares
Sell transactions
1
1.27K shares
Net transactions
+2
Buys less sells
Sell : buy shares
0.1 : 1
Mixed
Insider-held shares
1.69M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| May 12, 26 | HILTON STEVEN J Officer and Director |
STOCK | 11.00K | $0 | Indirect |
| May 12, 26 | SASSER ALISON Officer |
SELL | 1.27K | $79.07K | Direct |
| Mar 23, 26 | HILTON STEVEN J Officer and Director |
STOCK | 8.15K | $0 | Direct |
| Mar 23, 26 | SFERRUZZA HILLA Chief Financial Officer |
STOCK | 14.67K | $0 | Direct |
| Mar 23, 26 | LORD PHILLIPPE Chief Executive Officer |
STOCK | 48.91K | $0 | Direct |
| Mar 23, 26 | FELICIANO JAVIER Officer |
STOCK | 7.35K | $0 | Direct |
| Mar 23, 26 | CLINTON MALISSIA General Counsel |
STOCK | 7.76K | $0 | Direct |
| Mar 23, 26 | WOFFINDEN AUSTIN M Officer |
STOCK | 7.84K | $0 | Direct |
| Feb 24, 26 | SASSER ALISON Officer |
SELL | 151 | $11.60K | Direct |
| Feb 24, 26 | WOFFINDEN AUSTIN M Officer |
SELL | 143 | $10.98K | Direct |
| Feb 23, 26 | HILTON STEVEN J Officer and Director |
SELL | 4.83K | $368.11K | Indirect |
| Feb 23, 26 | SFERRUZZA HILLA Chief Financial Officer |
SELL | 10.93K | $834.33K | Indirect |
| Feb 23, 26 | LORD PHILLIPPE Chief Executive Officer |
SELL | 32.82K | $2.51M | Indirect |
| Feb 23, 26 | FELICIANO JAVIER Officer |
SELL | 3.58K | $272.93K | Indirect |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
AX PETER L |
Director | 48.06K | Stock Award(Grant) |
BRADFORD DANA C |
Director | 137.00K | Stock Award(Grant) |
FELICIANO JAVIER |
Officer | 63.39K | Stock Award(Grant) |
HENRETTA DEBORAH ANN |
Director | 62.73K | Stock Award(Grant) |
HILTON STEVEN J |
Officer and Director | — | Stock Gift |
KEOUGH JOSEPH A |
Director | 48.00K | Stock Award(Grant) |
LORD PHILLIPPE |
Chief Executive Officer | 379.00K | Stock Award(Grant) |
MICHAEL ODELL R |
Director | 64.00K | Stock Award(Grant) |
SFERRUZZA HILLA |
Chief Financial Officer | 163.15K | Stock Award(Grant) |
SZUBINSKI CLINTON |
Chief Operating Officer | 88.13K | Sale |
Fundamentals
Market cap$4.09B
Enterprise value$5.19B
Revenue (TTM)$5.39B
Gross profit$985.34M
EBITDA$433.97M
Net income$329.27M
EPS (TTM)$4.79
Free cash flow$293.90M
Total cash$807.27M
Total debt$1.91B
Book value / share$77.61
Shares outstanding65.17M
Float63.46M
Short % of float10.31%
Dividend yield3.06%
Beta (5Y)1.34
Valuation & profitability ratios
Trailing P/E13.11
Forward P/E11.02
PEG ratio0.54
Price / sales—
Price / book0.81
EV / revenue0.96
EV / EBITDA11.97
Gross margin18.28%
Operating margin8.19%
Profit margin6.11%
Return on equity6.38%
Return on assets3.35%
Debt / equity37.71
Current ratio14.36
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $5.86B | $6.39B | $6.14B | $6.30B | -8.3% |
| Operating revenue | $5.86B | $6.40B | $6.14B | $6.29B | -8.4% |
| Cost of revenue | $4.70B | $4.79B | $4.62B | $4.50B | -1.9% |
| Gross profit | $1.16B | $1.60B | $1.52B | $1.80B | -27.6% |
| Selling, general & admin | $616.17M | $639.92M | $616.63M | $516.25M | -3.7% |
| Total operating expense | $616.17M | $639.92M | $616.63M | $516.25M | -3.7% |
| Operating income | $540.46M | $958.35M | $902.39M | $1.29B | -43.6% |
| Net interest income | $0 | $0 | $0 | -$41.00K | — |
| Pre-tax income | $584.60M | $1.00B | $949.43M | $1.29B | -41.7% |
| Tax provision | $131.59M | $216.68M | $210.68M | $297.13M | -39.3% |
| Net income | $453.01M | $786.19M | $738.75M | $992.19M | -42.4% |
| Net income to common | $453.01M | $786.19M | $738.75M | $992.19M | -42.4% |
| Basic EPS | 6.40 | 10.85 | 10.09 | 13.52 | -41.0% |
| Diluted EPS | 6.35 | 10.72 | 9.97 | 13.37 | -40.8% |
| EBIT | $584.60M | $1.00B | $949.43M | $1.29B | -41.7% |
| EBITDA | $609.88M | $1.03B | $974.76M | $1.31B | -40.7% |
| Basic shares | 70.82M | 72.48M | 73.24M | 73.39M | -2.3% |
| Diluted shares | 71.35M | 73.33M | 74.14M | 74.20M | -2.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $775.16M | $651.55M | $921.23M | $861.56M | +19.0% |
| Cash & short-term investments | $775.16M | $651.55M | $921.23M | $861.56M | +19.0% |
| Inventory | $5.99B | $5.73B | $4.72B | $4.36B | +4.5% |
| Total current assets | $7.24B | $6.83B | $6.02B | $5.51B | +6.1% |
| Property, plant & equipment | $46.65M | $47.28M | $48.95M | $38.63M | -1.3% |
| Total assets | $7.62B | $7.16B | $6.35B | $5.77B | +6.4% |
| Total current liabilities | $510.44M | $596.68M | $641.62M | $613.49M | -14.5% |
| Long-term debt | $1.83B | $1.34B | $1.01B | $1.15B | +36.9% |
| Total debt | $1.89B | $1.39B | $1.06B | $1.17B | +35.8% |
| Total liabilities | $2.43B | $2.02B | $1.74B | $1.82B | +20.1% |
| Retained earnings | $5.19B | $5.00B | $4.32B | $3.62B | +3.9% |
| Shareholder equity | $5.20B | $5.14B | $4.61B | $3.95B | +1.1% |
| Working capital | $6.73B | $6.23B | $5.38B | $4.90B | +8.0% |
| Net tangible assets | $5.20B | $5.14B | $4.61B | $3.95B | +1.1% |
| Shares issued | 68.17M | 71.92M | 72.85M | 73.14M | -5.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $453.01M | $786.19M | $738.75M | $992.19M | -42.4% |
| Depreciation & amortisation | $25.29M | $25.96M | $25.33M | $24.75M | -2.6% |
| Stock-based compensation | $19.68M | $25.81M | $22.51M | $22.33M | -23.7% |
| Change in working capital | -$438.69M | -$1.08B | -$436.46M | -$644.67M | +59.3% |
| Operating cash flow | $118.29M | -$227.58M | $355.57M | $405.27M | +152.0% |
| Capital expenditure | -$25.72M | -$28.66M | -$38.19M | -$26.97M | +10.2% |
| Investing cash flow | -$57.70M | -$44.07M | -$43.62M | -$32.29M | -30.9% |
| Share buybacks | -$295.00M | -$125.93M | -$59.07M | -$109.30M | -134.3% |
| Dividends paid | -$121.07M | -$108.59M | -$39.53M | $0 | -11.5% |
| Financing cash flow | $63.01M | $1.98M | -$252.28M | -$129.76M | +3,085.7% |
| Free cash flow | $92.57M | -$256.23M | $317.38M | $378.30M | +136.1% |
| End cash position | $775.16M | $651.55M | $921.23M | $861.56M | +19.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $1.41B | $1.12B | $1.44B | $1.42B | $1.63B | +25.4% |
| Operating revenue | $1.41B | $1.12B | $1.44B | $1.42B | $1.63B | +25.4% |
| Cost of revenue | $1.15B | $927.28M | $1.20B | $1.15B | $1.29B | +24.1% |
| Gross profit | $259.46M | $197.02M | $236.40M | $271.63M | $346.22M | +31.7% |
| Selling, general & admin | $144.19M | $130.87M | $148.93M | $151.51M | $164.01M | +10.2% |
| Total operating expense | $144.19M | $130.87M | $148.93M | $151.51M | $164.01M | +10.2% |
| Operating income | $115.28M | $66.15M | $87.47M | $120.12M | $182.21M | +74.3% |
| Net interest income | -$2.19M | -$587.00K | $0 | $0 | $0 | -272.6% |
| Pre-tax income | $120.56M | $72.52M | $103.13M | $128.25M | $193.06M | +66.2% |
| Tax provision | $29.93M | $17.21M | $19.10M | $28.95M | $46.18M | +73.9% |
| Net income | $90.63M | $55.31M | $84.03M | $99.30M | $146.88M | +63.9% |
| Net income to common | $90.63M | $55.31M | $84.03M | $99.30M | $146.88M | +63.9% |
| Basic EPS | 1.38 | 0.82 | 1.21 | 1.40 | 2.06 | +68.3% |
| Diluted EPS | 1.37 | 0.82 | 1.20 | 1.39 | 2.04 | +67.1% |
| EBIT | $122.75M | $73.11M | $103.13M | $128.25M | $193.06M | +67.9% |
| EBITDA | $128.83M | $78.48M | $109.81M | $134.24M | $199.72M | +64.1% |
| Basic shares | 65.79M | 67.37M | 69.25M | 70.68M | 71.46M | -2.3% |
| Diluted shares | 66.13M | 67.81M | 69.80M | 71.19M | 71.90M | -2.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $807.27M | $766.63M | $775.16M | $728.94M | $930.46M | +5.3% |
| Cash & short-term investments | $807.27M | $766.63M | $775.16M | $728.94M | $930.46M | +5.3% |
| Inventory | $5.89B | $5.96B | $5.99B | $6.14B | $5.96B | -1.2% |
| Total current assets | $7.17B | $7.18B | $7.24B | $7.39B | $7.39B | -0.0% |
| Property, plant & equipment | $46.09M | $46.06M | $46.65M | $47.98M | $46.45M | +0.0% |
| Total assets | $7.55B | $7.55B | $7.62B | $7.76B | $7.76B | +0.0% |
| Total current liabilities | $493.94M | $472.80M | $510.44M | $547.66M | $567.77M | +4.5% |
| Long-term debt | $1.85B | $1.84B | $1.83B | $1.83B | $1.83B | +0.3% |
| Total debt | $1.91B | $1.90B | $1.89B | $1.89B | $1.88B | +0.3% |
| Total liabilities | $2.50B | $2.46B | $2.43B | $2.47B | $2.49B | +1.5% |
| Retained earnings | $5.06B | $5.09B | $5.19B | $5.28B | $5.21B | -0.7% |
| Shareholder equity | $5.06B | $5.09B | $5.20B | $5.29B | $5.27B | -0.7% |
| Working capital | $6.68B | $6.70B | $6.73B | $6.84B | $6.82B | -0.4% |
| Net tangible assets | $5.06B | $5.09B | $5.20B | $5.29B | $5.27B | -0.7% |
| Shares issued | 65.17M | 66.70M | 68.17M | 70.41M | 71.16M | -2.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $90.63M | $55.31M | $84.03M | $99.30M | $146.88M | +63.9% |
| Depreciation & amortisation | $6.08M | $5.37M | $6.68M | $5.99M | $6.66M | +13.1% |
| Stock-based compensation | $5.82M | $5.86M | $4.90M | $4.86M | $3.60M | -0.6% |
| Change in working capital | $79.06M | $28.88M | $117.80M | -$227.62M | -$149.33M | +173.8% |
| Operating cash flow | $189.47M | $101.31M | $243.67M | -$96.51M | $13.70M | +87.0% |
| Capital expenditure | -$5.57M | -$4.31M | -$5.58M | -$7.79M | -$6.77M | -29.2% |
| Investing cash flow | -$17.54M | -$7.73M | -$16.66M | -$19.43M | -$10.20M | -126.9% |
| Share buybacks | -$100.00M | -$130.00M | -$150.00M | -$55.00M | -$45.00M | +23.1% |
| Dividends paid | -$31.28M | -$32.02M | -$29.31M | -$30.27M | -$30.60M | +2.3% |
| Financing cash flow | -$131.30M | -$102.10M | -$180.79M | -$85.58M | -$84.69M | -28.6% |
| Free cash flow | $183.90M | $97.00M | $238.10M | -$104.30M | $6.93M | +89.6% |
| End cash position | $807.27M | $766.63M | $775.16M | $728.94M | $930.46M | +5.3% |
Options analytics
Put / call volume
1.29
Put-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
50.00
-20.4% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
249
Contracts, this expiry
Put volume
320
Contracts, this expiry
Heaviest call OI
60.00
0 contracts
Heaviest put OI
50.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.30 | 1.42 | +9.4% |
| Mar 2026 | 0.98 | 0.86 | -11.9% |
| Dec 2025 | 1.52 | 1.20 | -21.2% |
| Sep 2025 | 1.72 | 1.55 | -9.8% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.18 | 5 | $1.31B | -7.6% |
| Next quarter | 1.54 | 5 | $1.56B | +9.2% |
| Current year | 4.95 | 5 | $5.40B | -7.4% |
| Next year | 5.87 | 6 | $5.79B | +7.3% |
Analyst targets & ownership
Mean target$80.38
High target$93.00
Low target$65.00
Implied upside27.94%
Analyst count8
ConsensusBUY
Strong buy / Buy1 / 3
Hold5
Sell / Strong sell0 / 0
Held by insiders2.60%
Held by institutions105.98%
Institutions holding540
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
63.84
-1.60% from price
SMA 20
64.08
-1.97% from price
SMA 50
68.49
-8.28% from price
SMA 100
70.40
-10.77% from price
SMA 200
69.61
-9.76% from price
EMA 12
63.89
-1.68% from price
EMA 26
65.37
-3.89% from price
EMA 50
67.37
-6.75% from price
RSI (14)
41.1
Neutral
MACD (12,26,9)
-1.47
Hist 0.10
ATR (14)
2.04
3.24% of price
Realised vol 30D
32.3%
Annualised
Bollinger upper
66.23
20, 2σ
Bollinger lower
61.94
20, 2σ
50 / 200 cross
Death
68.49 vs 69.61
Trend bias
Below 200
-9.76%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.03
More volatile than market
Correlation to SPY
0.35
Loosely linked
Realised vol 30D
32.3%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-27.3%
Peak to trough
Max drawdown 5Y
-46.8%
Peak to trough
ATR 14
2.04
3.24% of price
Beta (reported)
1.34
5Y monthly, from filing
Short interest
Shares short
4.57M
Prior 4.51M
Change vs prior
+1.5%
Shorts adding
% of float
10.31%
Elevated
% of shares out
7.02%
Against total outstanding
Days to cover
7.1
Crowded exit
Float
63.46M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 6, 26 | Melius Research | INITIATED | — | Sell |
| Sep 25, 26 | Evercore ISI Group | MAINTAINED | In-Line | In-Line |
| Sep 16, 26 | Truist Securities | DOWNGRADE | Buy | Hold |
| Jul 31, 26 | UBS | MAINTAINED | Buy | Buy |
| Jul 10, 26 | Goldman Sachs | MAINTAINED | Buy | Buy |
| Jul 7, 26 | Zelman & Assoc | DOWNGRADE | Outperform | Neutral |
| Apr 28, 26 | JP Morgan | MAINTAINED | Neutral | Neutral |
| Apr 24, 26 | UBS | MAINTAINED | Buy | Buy |
| Apr 20, 26 | B of A Securities | MAINTAINED | Neutral | Neutral |
| Apr 16, 26 | Truist Securities | MAINTAINED | Buy | Buy |
| Apr 13, 26 | Evercore ISI Group | MAINTAINED | In-Line | In-Line |
| Mar 4, 26 | Truist Securities | INITIATED | — | Buy |
Dividends & splits
Forward rate$1.92 / yr
Forward yield3.06%
5-year avg yield1.13%
Payout ratio38.00%
Ex-dividend dateSep 15, 2026
Next pay dateSep 30, 2026
Last split2:1
Split dateJan 3, 2025
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-25
Periodic Financial Reports
10-Q · 2026-07-31
Corporate Changes & Voting Matters
8-K · 2026-07-29
Corporate Changes & Voting Matters
8-K · 2026-06-29
Corporate Changes & Voting Matters
8-K · 2026-05-21
Periodic Financial Reports
10-Q · 2026-04-24
Corporate Changes & Voting Matters
8-K · 2026-04-22
Annual Report to Shareholders
ARS · 2026-04-07
Headlines
What Makes Lennar Stock A Buy Today?
Trefis · 10h ago
Lennar Plunges 22% YTD: Can the Stock Rebound in the Near Future?
Zacks · 2d ago
3 Small-Cap Stocks We Steer Clear Of
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Is Lennar Stock Really On Sale?
Trefis · 15d ago
What Happens To Lennar Stock If Its Home Sales Keep Slowing?
Trefis · 16d ago
Meritage Homes (MTH) Looks Undervalued On Paper, Is The Pullback A Buying Opportunity?
Simply Wall St. · 17d ago
Meritage Homes Shares Fall 2.3% in Premarket Trading After Truist Downgrade
InvestorsHub · 21d ago
Starbucks initiated, Expedia downgraded: Wall Street's top analyst calls
The Fly · 21d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.