Stock analysis, trade plans, and proprietary indicators by Trend Edge.
About Meritage Corporation
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments: Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South Carol… Read full Trend Edge analysis →
Sector: Consumer Cyclical
Industry: Residential Construction
Exchange: NYSE
IPO Date: July 20, 1988
Headquarters: 18655 North Claret Drive, Scottsdale, AZ, United States, 85255
Founder-Led: Yes — Steve Hilton (Executive Chairman of the Board)
Key Metrics
Current Price
$66.47
Market Cap
$4.27B
Float
65.0M
Shares Outstanding
66.7M
P/E (Forward)
10.98
P/E (TTM)
11.66
Price/Sales (TTM)
0.76
vs. Analyst Target
+17.0% to analyst PT
Profit Margin
6.86%
Operating Margin (TTM)
5.84%
Revenue (TTM)
$5.62B
Earnings Growth (YoY)
-51.50%
Dividend Rate
1.9%
Analyst Target Price
$77.78 (10 analysts)
Financial History
Annual Revenue & Earnings History
Year
Revenue
Net Income
Gross Profit
EBITDA
2020
$4.50B
$423M
$1.00B
$585M
2021
$5.14B
$737M
$1.44B
$997M
2022
$6.29B
$992M
$1.80B
$1.31B
2023
$6.11B
$739M
$1.50B
$1.27B
2024
$6.40B
$786M
$1.60B
$984M
2025
$5.86B
$453M
$1.15B
$563M
Recent Quarterly Revenue & Net Income
Quarter
Revenue
Net Income
Jun 2025
$1.63B
$147M
Sep 2025
$1.42B
$99.3M
Dec 2025
$1.44B
$84.0M
Mar 2026
$1.12B
$55.3M
Ownership & Float
Insider Ownership
2.5%
Institutional Ownership
102.5%
Short Float
5.6%
% of All Funds Holding
4.61%
Number of Funds Holding
379
Current Moving Averages
Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.
Timeframe
SMA
Value
Trend Context
Weekly
10-Week SMA
$64.72
Near-term / short-term trend
Weekly
40-Week SMA
$69.95
Medium-term trend
Weekly
80-Week SMA
$71.62
Cyclical trend (business cycle)
Weekly
200-Week SMA
$69.99
Secular trend (multi-year)
Monthly
10-Month SMA
$69.71
Near-term monthly trend
Monthly
20-Month SMA
$72.37
Medium-term monthly trend
Monthly
40-Month SMA
$74.44
Secular monthly trend
Volume Shelves — Support & Resistance
Trend Edge identifies volume shelves: price zones where historically elevated trading volume
creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative
volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.
Price Level
Type
Volume Ratio
Age
$73.00
resistance
1.16x
1 months ago
$95.00
resistance
1.13x
16 months ago
Historical Earnings Reactions (113 events)
Timeframe
Avg Return
Median
Win Rate
Best
Worst
Gap
1.03%
0.55%
60.18%
12.15%
-5.24%
1 Day
0.94%
0.49%
54.87%
19.32%
-11.85%
1 Week
2.11%
-0.11%
49.56%
84.65%
-20.37%
2 Weeks
2.26%
-0.21%
46.90%
79.80%
-16.66%
1 Month
2.91%
1.20%
52.68%
92.71%
-25.29%
Next earnings: July 11, 2026 (44 days away)
Seasonality & Day-of-Week Patterns
Monthly Seasonality
Month
Avg Return
Win Rate
Samples
Jan
3.1%
52.6%
38
Feb
0.3%
39.5%
38
Mar
-2.8%
47.4%
38
Apr
7.7%
55.3%
38
May
4.9%
62.2%
37
Jun
0.3%
54.1%
37
Jul
4.3%
51.4%
37
Aug
-0.2%
47.4%
38
Sep
-2.6%
42.1%
38
Oct
-0.5%
44.7%
38
Nov
4.6%
65.8%
38
Dec
0.9%
44.7%
38
Day-of-Week Tendencies
Day
Avg Return
Win Rate
Samples
Monday
-0.04%
42.7%
1794
Tuesday
0.21%
45.1%
1955
Wednesday
0.11%
42.6%
1953
Thursday
0.08%
44.2%
1917
Friday
0.16%
42.3%
1909
Top Institutional Holders
Institutional holder breakdown coming soon.
Total institutional ownership: 102.5%
Insider Transactions — Smart Summary
Total insider ownership: 2.5%
Founder-led management: Steve Hilton (Executive Chairman of the Board)
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The analysis covers five layers:
technical analysis (near-term, medium-term, cyclical, and secular trend, momentum,
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qualitative analysis (business model, competitive moat, sector dynamics),
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fundamental analysis (valuation, revenue growth, profit margin, earnings quality).
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