Professional
Added to YB: 2026-09-23
Pitch date: 2026-06-30
MTH [bullish]
Meritage Homes Corporation
-22.61%
current return
Author Info
No bio for this author
Company Info
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States.
Market Cap
$4.1B
Pitch Price
$82.52
Price Target
N/A
Dividend
3.04%
EV/EBITDA
11.57
P/E
13.19
EV/Sales
0.97
Sector
Household Durables
Category
turnaround
Baron Real Estate Fund New Portfolio Holding: Meritage Homes Corporation
MTH: Meritage, the fifth-largest U.S. homebuilder, offers long-term growth at a discount to book value, versus recent sector take-privates at 1.2-1.3x book. Management targets 20,000 annual deliveries, roughly 40% above current levels, while scaling and normalized incentives could expand operating margins by 600 basis points or more and support 250%+ EPS growth over time, though near-term uncertainty may continue weighing on shares.
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