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Meritage Homes Corporation - $MTH STOCK NEWS

Welcome to our dedicated page for Meritage Homes Corporation news (Ticker: $MTH), a resource for investors and traders seeking the latest updates and insights on Meritage Homes Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Meritage Homes Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Meritage Homes Corporation's position in the market.

Rhea-AI Summary

Meritage Homes has announced that it is commencing an offering of $500 million in Convertible Senior Notes due 2028, with additional notes available. The notes will be senior, unsecured obligations of the Company and will be guaranteed by its subsidiaries. Interest on the notes will be payable semi-annually. The Company plans to use the proceeds for capped call transactions, redeeming existing notes, and general corporate purposes.

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Rhea-AI Summary

Meritage Homes (NYSE: MTH) will host a two-part series of investor day webcast calls covering key strategic topics like a new business model, long-term targets, land financing updates, and capital allocation. The calls will feature chief executive officer Phillippe Lord and chief financial officer Hilla Sferruzza, with guest hosts equity analysts Alan Ratner and Stephen Kim. Registration is required for the calls, which will include a question-and-answer session for participants.

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3.94%
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Rhea-AI Summary
Meritage Homes, the fifth-largest U.S. homebuilder, reported record-high quarterly sales orders, home closing gross margin of 25.8%, and a 43% increase in diluted EPS for the first quarter of 2024. The company achieved homes closed of 3,507 units, home closing revenue of $1.5 billion, and a 14% increase in home orders. Meritage Homes experienced a 21% increase in homes closed, a 16% rise in home closing revenue, and a 42% surge in net earnings year-over-year. The company maintained a healthy balance sheet with over $905 million in cash and cash equivalents, a net debt-to-capital ratio of 2.0%, and a 17% increase in book value per share year-over-year. Meritage Homes provided updated guidance for full year 2024, anticipating home closing volume of 14,500-15,000 units, home closing revenue of $6.0-6.2 billion, and a diluted EPS of $19.20-20.70.
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6.71%
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Meritage Homes (NYSE: MTH) announces the release of its first quarter 2024 results on April 24, 2024, followed by a conference call on April 25, 2024. Investors can access the live webcast or dial in for the call to discuss the financial performance.
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1.64%
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Meritage Homes announces board director Raymond Oppel's retirement after 27 years of service. The Company expresses gratitude for his significant contributions to Meritage's growth and success.
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1.84%
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Meritage Homes Corporation (NYSE: MTH) announces a significant increase in quarterly dividend to $0.75 per share from $0.27 in 2023, along with a share repurchase plan of $15 million per quarter and consolidation of board committees. The company aims to balance growth and shareholder returns, reflecting confidence in its strategy and financial strength.
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2.44%
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buyback dividends
Rhea-AI Summary
Meritage Homes Corporation (MTH) announced a 60% year-over-year increase in sales orders and a home closing gross margin of 25.2%. Despite a 13% decrease in homes closed, the company experienced a 60% increase in home orders, with strong demand from entry-level buyers. The company's fourth quarter revenue was $1.6 billion, generating $5.38 in diluted EPS. However, net earnings decreased by 24% year-over-year, and home closing revenue dropped by 17%. The company's full-year results also showed a 2% decrease in home closing revenue, a 26% decrease in net earnings, and a 380 bps decrease in home closing gross margin.
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-7.28%
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Meritage Homes (MTH) expands charitable giving campaign, contributing $3.3 million in 2023 and celebrating ten years of partnership with Operation Homefront.
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2.11%
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Meritage Homes Corporation (MTH) to release Q4 2023 results on January 31, 2024, after market close. Conference call scheduled for February 1, 2024, at 8:00 a.m. MT. Fifth largest public homebuilder in the U.S.
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10.09%
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Meritage Homes Corporation (NYSE:MTH) announced the retirement of long-standing director Mr. Gerald Haddock and the appointment of Ms. Deborah Ann Henretta as the new Nominating/Governance Committee Chair. The board will also see a reduction in size from 12 to 11 directors, with Mr. Dennis Arriola joining the committee.
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Meritage Homes Corporation

NYSE:MTH

MTH Rankings

MTH Stock Data

6.37B
35.39M
2.11%
103.95%
2.28%
New Single-Family Housing Construction (except For-Sale Builders)
Construction
Link
United States of America
SCOTTSDALE

About MTH

over 30 years, we've built 85,000+ homes, but more importantly we've created well more than 80,000 happy homeowners. our unmatched commitment to quality has helped us become the ninth largest homebuilder in the country. meritage homes has been included among the forbes' platinum 400 — best big companies of america, the fortune 1000 largest corporations of america, has been named texas builder of the year five times, and was voted as one of the best places to work in the valley by bestcompaniesaz, llc. meritage homes is known for its award-winning designs and for providing outstanding quality. meritage homes is committed to excellence and exceptional value to every home by being 100% energy star® certified. in fact, as a testament to our innovative culture, we were the first national homebuilder to be 100% energy star certified for every home we build. more than building the american dream and upholding our responsibility to help protect the environment, we give our homeowners what th