Meritage Homes Corp Stock Price, News & Analysis

Meritage Homes (NYSE: MTH), the fifth-largest homebuilder in the United States, has announced a quarterly cash dividend of $0.43 per share. The dividend will be paid on June 30, 2025, to shareholders who are on record as of the close of trading on June 16, 2025.

Meritage Homes (MTH) has announced the extension of its partnership with Operation Homefront's Permanent Homes for Veterans Program, marking its 12th year of collaboration. The company will donate two mortgage-free homes to veteran families in Colorado Springs, Colorado and Raleigh, North Carolina, bringing their total donations to 22 homes.

The new homes will be located in the Lorson Ranch and River Glen communities, featuring open-concept floorplans, designer-curated interiors, and energy-efficient features including ENERGY STAR® appliances, multispeed HVAC systems, and spray-foam insulation. The homes will also include smart home technology. The recipients will be announced in September, with key ceremonies planned for November around Veterans Day.

Meritage Homes (NYSE: MTH) reported mixed Q1 2025 results with declining metrics across key areas. Home closing revenue decreased 8% to $1.3 billion, with deliveries down 3% to 3,416 units. The company's net earnings fell 34% to $123 million, resulting in diluted EPS of $1.69, down from $2.53 year-over-year.

Home closing gross margin contracted to 22.0% from 25.8% due to increased financing incentives and higher lot costs. The company maintained strong liquidity with $1 billion in cash and a net debt-to-capital ratio of 13.7%. During Q1, MTH issued $500 million in senior notes, spent $465 million on land acquisition, paid $31 million in dividends, and repurchased $45 million in shares.

The company reiterated its full-year 2025 guidance, projecting 16,250-16,750 home closings and revenue between $6.6-6.9 billion. MTH's community count grew 7% year-over-year to 290 communities, while maintaining control of approximately 84,200 lots.

Meritage Homes (NYSE: MTH), the fifth largest public homebuilder in the United States, has announced its upcoming first quarter 2025 earnings release and conference call schedule. The company will release Q1 2025 results on Wednesday, April 23, 2025 after market close.

Management will host a conference call to discuss the results on Thursday, April 24, 2025 at 8:00 a.m. Pacific Standard Time (11:00 a.m. Eastern Standard Time). Investors can access the live webcast through Meritage's Investor Relations page or dial in using 1-877-407-6951 (U.S. toll-free) or 1-412-902-0046. A replay of the call will be available on the company's Investor Relations page.

Meritage Homes (NYSE: MTH) has announced the pricing of $500 million in senior notes due 2035, with a 5.650% interest rate paid semi-annually. The offering is expected to close on March 6, 2025, subject to customary conditions.

The company plans to use the net proceeds for general corporate purposes. The offering is being managed by multiple financial institutions, including J.P. Morgan Securities, BofA Securities, and Goldman Sachs & Co. as Joint Book-Running Managers.

The notes are being offered through an effective shelf registration statement filed with the SEC, with prospectus supplements available through various channels.

Meritage Homes (NYSE: MTH) has announced two significant shareholder-focused initiatives. First, the company increased its quarterly cash dividend to $0.43 per share, up from $0.375 in 2024 (adjusted for the recent two-for-one stock split). This dividend will be paid on March 31, 2025, to shareholders of record as of March 17, 2025.

Additionally, Meritage has renewed its programmatic share repurchase plan, committing to repurchase $15 million worth of shares during each quarter of 2025. The company plans to maintain this as an evergreen plan, while remaining opportunistic based on market conditions.

Meritage Homes (NYSE: MTH) reported its Q4 and full-year 2024 results. Full-year 2024 highlights include record home closing volume of 15,611 units (+12% YoY) and home closing revenue of $6.3 billion (+5% YoY). Net earnings reached $786.2 million (+6% YoY) with diluted EPS of $21.44 (+8% YoY).

Q4 2024 performance showed mixed results with home closing revenue decreasing 3% to $1.6 billion, while orders increased 14% to 3,304 homes. Home closing gross margin declined to 23.2% from 25.2% YoY. Net earnings decreased 13% to $172.6 million with diluted EPS of $4.72.

The company maintained strong liquidity with $651.6 million in cash and completed the acquisition of Elliott Homes, adding approximately 5,500 lots. Meritage executed a two-for-one stock split on January 2, 2025, and provided FY2025 guidance projecting home closing volume of 16,250-16,750 units and revenue of $6.6-6.9 billion.

Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., has appointed Geisha Williams as an independent director to its Board of Directors, expanding it to 12 members. Williams brings over 30 years of energy industry experience, notably as former President and CEO of PG&E , where she focused on renewables integration and grid modernization.

As the first Latina CEO of a Fortune 200 company, Williams currently serves on the Supervisory Board of Siemens Energy AG and holds board positions at Artera Services and Osmose Utilities Services, where she has been Chairperson since 2021. She previously served on Salesforce's Global Advisory Board from 2022 to 2024.

The appointment reflects Meritage's commitment to board refreshment and increased diversity. The company plans to consider Williams for committee appointments in upcoming board meetings.

Meritage Homes (NYSE: MTH), the fifth largest public homebuilder in the U.S., has scheduled its fourth quarter 2024 earnings release for January 29, 2025, after market close. The company will host a conference call to discuss results on January 30, 2025, at 8:00 a.m. Mountain Standard Time (10:00 a.m. Eastern Standard Time). Investors can access the live webcast through Meritage's Investor Relations page or dial in using 1-877-407-6951 (U.S. toll free) or 1-412-902-0046. A replay will be available on the Investor Relations page.