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MTH Stock Price Correlated With Meritage Homes Financials

MTH Stock Price vs. Quarterly
MTH
Income Statement
Cash Flow
Balance Sheet

MTH Income Statement

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Revenue, Net:
Revenue Per Share:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
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Income Taxes:
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Earnings Per Share, Diluted:
Earnings Per Share, Basic:
Shares Outstanding, Basic Avg:
Shares Outstanding, Diluted Avg:
Common Stock Shares Outstanding:

MTH Cash Flow

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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
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Net Cash from Operations Per Share:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
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Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:

MTH Balance Sheet

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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
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Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Blackrock.
6,113,417 sh
-46,842 sh
-1%
$1,064,958
$311,004
Vanguard Group
4,122,798 sh
-47,264 sh
-1%
$718,191
$207,817
Dimensional Fund Advisors
1,678,821 sh
-1,418 sh
0%
$292,452
$86,804
State Street
1,373,265 sh
-21,124 sh
-2%
$239,223
$68,564
T. Rowe Price Investment Management.
1,179,356 sh
-167,481 sh
-12%
$205
$48
Geode Capital Management
861,848 sh
39,260 sh
5%
$150,150
$49,462
Macquarie Group
828,655 sh
-140,632 sh
-15%
$144,352
$25,721
Greenhaven Associates
826,791 sh
12,841 sh
2%
$144,027
$44,408
Fisher Asset Management
782,199 sh
-278,060 sh
-26%
$136,259
$6,494
Pacer Advisors.
779,549 sh
248,440 sh
47%
$135,797
$70,795
Earnest Partners
719,202 sh
-34,199 sh
-5%
$125,285
$33,076
Fuller & Thaler Asset Management.
686,218 sh
-3,382 sh
0%
$119,539
$35,139
Citadel Advisors
657,570 sh
592,170 sh
905%
$114,549
$106,545
American Century Companies
583,374 sh
583,374 sh
NEW
$101,624
$101,624
Wellington Management Group Llp
581,159 sh
-62,071 sh
-10%
$101,237
$22,512
Alliancebernstein
565,497 sh
-24,270 sh
-4%
$98,510
$26,328
Goldman Sachs Group
523,332 sh
26,682 sh
5%
$91,164
$30,379
Northernrp
501,567 sh
13,975 sh
3%
$87,373
$27,697
Invesco.
478,084 sh
82,618 sh
21%
$83,282
$34,880
FMR
469,574 sh
-70,993 sh
-13%
$81,800
$15,640
COMPANY PROFILE
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization. Meritage Homes Corporation ("Meritage Homes") is a leading designer and builder of single-family homes. We primarily build in historically high-growth regions of the United States and offer a variety of entry-level and first move-up homes. We have homebuilding operations in three regions: West, Central and East, which are comprised of nine states: Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee. These three regions are our principal homebuilding reporting segments. We also operate a financial services reporting segment. In this segment, we offer title and escrow, mortgage, and insurance services. Carefree Title Agency, Inc. ("Carefree Title"), our wholly-owned title company, provides title insurance and closing/settlement services to our homebuyers. Managing our own title operations allows us greater control over the entire escrow and closing cycles in addition to generating additional revenue. Meritage Homes Insurance Agency (“Meritage Insurance”), our wholly-owned insurance broker, works in collaboration with insurance companies nationwide to offer homeowners insurance and other insurance products to our homebuyers. Our financial services operations also provides mortgage services to our homebuyers through an unconsolidated joint venture.

We commenced our homebuilding operations in 1985 through our predecessor company known as Monterey Homes. Meritage Homes Corporation was incorporated in the state of Maryland in 1988 under the name of Homeplex Mortgage Investments Corporation and merged with Monterey Homes in 1996, at which time our name was changed to Monterey Homes Corporation and later ultimately to Meritage Homes Corporation. Since that time, we have engaged in homebuilding and related activities. Meritage Homes Corporation operates as a holding company and has no independent assets or operations. Its homebuilding construction, development and sales activities are conducted through its subsidiaries. Our homebuilding activities are conducted under the name of Meritage Homes in each of our homebuilding markets. At December 31, 2021, we were actively selling homes in 259 communities, with base prices ranging from approximately $214,000 to $962,000.

Basis of Presentation . The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and include the accounts of Meritage Homes Corporation and those of our consolidated subsidiaries, partnerships and other entities in which we have a controlling financial interest, and of variable interest entities (see Note 3) in which we are deemed the primary beneficiary (collectively, “us”, “we”, “our” and the “Company”). Intercompany balances and transactions have been eliminated in consolidation.

Cash and Cash Equivalents. Liquid investments with an initial maturity of three months or less are classified as cash equivalents. Amounts in transit from title companies or closing agents for home closings of approximately $95.4 million and $61.3 million are included in cash and cash equivalents at December 31, 2021 and 2020, respectively.

Real Estate. Real estate inventory is stated at cost unless the community or land is determined to be impaired, at which point the inventory is written down to fair value as required by Accounting Standards Codification (“ASC”) 360-10, Property, Plant and Equipment ("ASC 360-10"). Inventory includes the costs of land acquisition, land development and home construction, capitalized interest, real estate taxes, and direct overhead costs incurred during development and home construction that benefit the entire community, less impairments, if any. Land and development costs are typically allocated and transferred to homes when home construction begins. Home construction costs are accumulated on a per-home basis, while selling and marketing

Free historical financial statements for Meritage Homes Corp.. See how revenue, income, cash flow, and balance sheet financials have changed over 48 quarters since 2012. Compare with MTH stock chart to see long term trends.

Data imported from Meritage Homes Corp. SEC filings. Check original filings before making any investment decision.