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

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ 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
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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