Meritage Homes Corporation (MTH)

Meritage Homes reported a 12% year-over-year decrease in home closing revenue, a 7% decline in home closing volume, and a 5% decrease in the average sales price on closings in Q4 2025, leading to a stock price drop of 1.2%. The company announced a 12% increase in its quarterly cash dividend. Wall Street Zen downgraded Meritage Homes from 'hold' to 'sell'. Between April 2, 2025, and April 1, 2026, Meritage Homes Corp.'s share price experienced a decline of 13.09%.

Meritage Homes experiences normal seasonality in its sales patterns, focusing on the spring selling season. The company builds "spec homes" for faster inventory turnover. The fourth quarter can see "sales seasonality" and a "pullback in buyer urgency." Overall housing market conditions influence demand throughout the year.

Meritage Homes Corp. operates in the Consumer Cyclical sector, specifically the Homebuilding & Construction industry. Founded in 1985 in Scottsdale, Arizona, it is the fifth-largest public homebuilder in the U.S. The company's core segments are homebuilding and financial services, with a focus on energy-efficient homes, including single-family detached and attached homes, with prices ranging from approximately $203,000 to over $1,000,000.

Meritage Homes Corp. operates in the West (Arizona, California, Colorado, and Utah), Central (Texas), and East (Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee) regions of the United States. As of December 31, 2025, the company was actively selling homes in 336 communities.

Meritage Homes has a strong brand reputation as an industry leader in energy-efficient homebuilding. The company has received numerous awards, including being an eleven-time recipient of the EPA's ENERGY STAR® Partner of the Year Award and a four-time recipient of the EPA's Indoor airPLUS Leader Award. There have been no specific events reported in the past year that have negatively impacted Meritage Homes Corp.'s brand reputation.

Meritage Homes Corporation's ownership is primarily institutional, with 407 institutional owners holding 69,228,745 shares as of April 8, 2026. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc., and Fmr Llc. Key individual shareholders include Steven J. Hilton, the Executive Chairman. Insiders hold approximately 2.7% of the shares.