Meritage Homes (MTH) Stock

MTH gains advantages from its emphasis on affordable housing and effective planning for new homes, even with difficulties in the industry.

SCOTTSDALE, Ariz., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth-largest public homebuilder in the U.S., is staying true to its promise of a Life.Built.Better.® in 2024 by donating $3.3 million and sponsoring various community volunteer events. This year, the company gave $1.5 million mainly through its charitable foundation, Meritage Cares, to address issues like food insecurity, tree planting, education, and support for military veterans. Additionally, they contributed nearly $1.8 million to enhance K-12 education in Arizona, Florida, and Georgia.

I continue to recommend buying shares of Meritage Homes Corporation because of its promising earnings growth and positive market conditions, such as limited housing supply and high mortgage rates. The company's strategy of offering quick, move-in ready homes with a 60-day closing guarantee makes it well-suited to meet current demand. However, there are risks to consider, including stricter regulations on home financing and supply chain challenges due to rising new home construction.

Meritage Homes Corporation, the fifth largest public homebuilder in the U.S., will announce its fourth quarter 2024 results on January 29, 2025, after the market closes. A conference call to discuss these results will take place at 8:00 a.m. Mountain Standard Time (10:00 a.m. Eastern Standard Time) on January 30, 2025.

Meritage (MTH) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

SCOTTSDALE, Ariz., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth-largest homebuilder in the United States, has announced that its Board of Directors has approved a quarterly dividend of $0.75 per share. This dividend will be paid on December 31, 2024, to shareholders who are on record as of the end of trading on December 17, 2024.

SCOTTSDALE, Ariz., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH), which is the fifth-largest public homebuilder in the United States, has announced that it is expanding into the Gulf Coast markets by acquiring the assets of Elliott Homes.

Meritage Homes Corporation (NYSE:MTH) will hold its Q3 2024 Earnings Conference Call on October 30, 2024, at 11:00 AM ET. The call will feature company representatives, including Emily Tadano, Steve Hilton, and Phillippe Lord, along with analysts from various financial institutions. Participants are currently in listen-only mode.

There has been an 8% increase in home closings compared to last year, along with a remarkable backlog conversion rate of 145%. This shows strong growth in the housing market. The figures indicate a positive trend in home sales.