Meritage Homes CORP (MTH)
Meritage Homes Corp. engages in the design and construction of single-family attached and detached homes. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment acquires and develops lands, constructs homes, markets and sells those homes, and provides warranty and customer services. The Financial Services segment offers title and escrows, mortgage, and insurance services. The company was founded by Steven J. Hilton and William W. Cleverly in 1985 and is headquartered in Scottsdale, AZ.
Address
18655 NORTH CLARET DRIVE
SCOTTSDALE, AZ 85255
Founded
1985
Number of Employees
1,838
Website
http://www.meritagehomes.com
Buyback
Buyback Data | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
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$ Amount Purchased ($ in 000s) |
- | - | - | - | $100,000 | $16,017 | $69,596 | $60,991 | $109,303 | $59,067 | $55,934 | $67,273 |
Average Price | - | - | - | - | $38.71 | $51.86 | $63.27 | $95.40 | $93.74 | $134.89 | $154.33 | $71.37 |
# Shares Purchased | - | - | - | - | 2,583,592 | 308,840 | 1,100,000 | 639,346 | 1,166,040 | 437,882 | 362,419 | 942,588 |
Buyback Performance | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Return to Date | - | - | - | - | 424.5% | 291.4% | 220.9% | 112.8% | 116.6% | 50.5% | 31.5% | 184.4% |
S&P 500 Return to Date | - | - | - | - | 104.9% | 93.1% | 74.8% | 31.7% | 37.3% | 31.3% | 7.4% | 54.4% |
Excess Total Return | - | - | - | - | 319.6% | 198.3% | 146.0% | 81.1% | 79.3% | 19.2% | 24.1% | 130.1% |
Quartile Rank |
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Percentile Rank | - | - | - | - | 96% | 94% | 90% | 92% | 94% | 84% | 89% | 92% |
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.
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