Meritage Homes Management
Management criteria checks 4/4
Meritage Homes' CEO is Phillippe Lord, appointed in Jan 2021, has a tenure of 5.67 years. total yearly compensation is $8.11M, comprised of 12.3% salary and 87.7% bonuses, including company stock and options. directly owns 0.4% of the company’s shares, worth $16.13M. The average tenure of the management team and the board of directors is 5.7 years and 7.3 years respectively.
Key information
Phillippe Lord
Chief executive officer
US$8.1m
Total compensation
| CEO salary percentage | 12.32% |
| CEO tenure | 5.7yrs |
| CEO ownership | 0.4% |
| Management average tenure | 5.7yrs |
| Board average tenure | 7.3yrs |
Recent management updates
Recent updates
Narrative Update • Aug 16
MTH: Acquisition Appeal And Credit Constraints Will Guide Fairly Valued Shares
Analysts have nudged their Meritage Homes fair value estimate higher to $72 from $69, reflecting updated second-quarter modeling, slightly revised discount rate and margin assumptions, a higher future P/E, and ongoing attention on the stock as a potential acquisition target. Analyst Commentary Recent Street research on Meritage Homes has centered on how investors should balance potential acquisition interest with credit quality and execution risk.Analysis Article • Aug 05
Meritage Homes Corporation Just Beat EPS By 6.0%: Here's What Analysts Think Will Happen Next
As you might know, Meritage Homes Corporation ( NYSE:MTH ) recently reported its second-quarter numbers. Meritage Homes...Narrative Update • Aug 02
MTH: Acquisition Optionality And Credit Constraints Will Shape Future Share Performance
Analysts have lifted their combined price targets on Meritage Homes by up to $11, pointing to updated post earnings models, a reassessment of margins and credit risk, and growing interest in the stock as a potential acquisition candidate within the homebuilder group. Analyst Commentary on Meritage Homes Recent research on Meritage Homes highlights a mix of optimism around updated models and acquisition optionality, alongside a clearer outline of the risks that could limit upside for the stock.Narrative Update • Jul 06
MTH: Sector Consolidation Readthrough And Lower Multiples Will Restrain Future Upside
Analysts have adjusted their fair value estimate for Meritage Homes to $69.00 from $58.30, citing updated assumptions for revenue growth, profit margins, discount rates, and future P/E multiples, along with recent sector readthroughs from consolidation activity and price target changes across homebuilders. Analyst Commentary Recent research on Meritage Homes points to a more cautious tone, even as consolidation activity in the sector is influencing how investors think about homebuilder valuations and potential acquisition interest.Seeking Alpha • Jun 30
Meritage Homes: I Am Not Chasing The Stock After The Recent Run-Up
Summary Meritage Homes is rated Hold/Neutral after a strong run-up, with limited near-term upside due to margin headwinds and elevated valuation. MTH's focus on community growth and a 60-day home-closing guarantee supports sales but introduces margin pressure and operational risks. High-cost land acquired from 2022 to 2024 continues to weigh on margins, with relief not expected until late FY2027. Valuation has re-rated to a 1.12x P/BV, now above historical averages and peers on P/E and EV/EBITDA, reflecting sector enthusiasm post-TMHC acquisition. Read the full article on Seeking Alpha
Narrative Update • Jun 22
MTH: Buybacks And Consolidation Floor Will Shape Balanced Future Return Potential
The updated analyst fair value estimate for Meritage Homes has shifted from $77.78 to $80.25 as analysts factor in slightly adjusted assumptions for the discount rate, revenue growth, profit margins and future P/E, along with readthroughs from recent sector consolidation and price target revisions across homebuilders. Analyst Commentary Recent Street research on Meritage Homes reflects a mix of optimism and caution, with multiple firms revisiting their price targets and using consolidation among homebuilders as a reference point for valuation.Analysis Article • Jun 19
Meritage Homes (MTH) Stock Could Be 2.6% Undervalued After Institutional Buying Picks Up
Recent filings show major institutions have lifted their positions in Meritage Homes (MTH), raising its institutional shareholding rank to first in the Homebuilding & Construction Supplies industry and drawing attention to its financial health metrics. See our latest analysis for Meritage Homes. Meritage Homes shares have picked up clear momentum recently, with a 24.41% 1 month share price return and a 28.88% 3 month share price return, contributing to a 24.47% 1 year total shareholder return...Narrative Update • Jun 05
MTH: Buybacks And Consolidation Potential Will Support Future Earnings Power
Analysts have trimmed their average price target on Meritage Homes by a few dollars, reflecting slightly lower P/E assumptions and discount rates, while still pointing to interest in the stock as a potential acquisition candidate following recent sector consolidation headlines. Analyst Commentary Recent Street research around Meritage Homes has focused on valuation reset, consolidation potential in the homebuilding sector, and how its trading multiples compare with peers following the Taylor Morrison sale agreement.Narrative Update • May 20
MTH: Share Buybacks And Spec Model Will Support Future Earnings Power
Analysts have lowered their average price target on Meritage Homes by about $5 to roughly $78, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E multiples following a series of recent target reductions across major firms. Analyst Commentary Recent Street research on Meritage Homes reflects a more cautious stance on valuation after a period of prior optimism, including an earlier Buy initiation with a US$90 price target tied to the company's 100% spec strategy.Narrative Update • Apr 29
MTH: Margin Pressures And Lower Sector Multiples Will Constrain Future Upside
Analysts have trimmed their average price target on Meritage Homes by several dollars, reflecting updated views on profit margins, future P/E assumptions and recent sector research that has generally lowered price objectives across homebuilders. Analyst Commentary Recent Street research on Meritage Homes has centered on a series of price target reductions, even as some firms had previously been constructive on the company and the broader U.S. homebuilding group.Narrative Update • Apr 14
MTH: Spec Model And Dividend Yield Will Shape Future Margin Resilience
Analysts have trimmed their average price targets on Meritage Homes by single-digit dollar amounts, with updates such as $8, $6, and $2 cuts. They continue to highlight efficiencies from the company's 100% spec approach as a key support for long-term volume potential and margins.Narrative Update • Mar 31
MTH: Spec Model And Dividend Yield Will Frame Future Margin Trade Off
Analysts have adjusted their average price targets on Meritage Homes toward the $90 range. This reflects mixed views that balance concerns about margin pressure with interest in the company's 100% spec strategy and current dividend yield.Narrative Update • Mar 17
MTH: Spec Build Model And Incentives Will Shape Future Margin Resilience
Analysts have kept their average price target for Meritage Homes broadly in line with prior levels, with recent changes centered around the $90 to $104 range as they weigh the company's 100% spec build approach, comments on margin risk and housing demand, and views on its dividend yield and valuation. Analyst Commentary Recent research on Meritage Homes reflects a mix of supportive and cautious views, with attention fixed on how the 100% spec build model, pricing incentives, and margin trends could affect the stock's risk and reward profile.Narrative Update • Mar 02
MTH: Elevated Incentives And Margin Pressure Will Constrain Future Share Returns
Analysts have trimmed their blended price target on Meritage Homes by a few dollars, citing a mix of lower targets tied to margin and demand concerns, along with higher targets around $90 to $104 that reflect views of relatively inexpensive valuation and potential for steadier longer term housing conditions. Analyst Commentary Recent Street research on Meritage Homes shows a split view, with some firms lifting targets into the $90 to $104 range while several bearish analysts trim expectations on margins, demand, and earnings power.Narrative Update • Feb 16
MTH: Margin Pressures And Incentives Will Limit Future Upside Potential
Analysts have reduced their fair value estimate for Meritage Homes from $74.00 to $62.00, citing recent cuts to Street price targets and concerns around margin risk, even as some still point to relatively low P/E assumptions and income support from the dividend. Analyst Commentary Recent research has highlighted a mix of caution and support around Meritage Homes, with several bearish analysts trimming price targets or cutting ratings while others still point to income and valuation support.
Narrative Update • Feb 02
MTH: Buybacks And Dividend Yield Will Support Future Housing Upside
Analysts have trimmed their implied fair value estimate for Meritage Homes to US$95.00 from about US$103.57. This reflects more cautious assumptions on revenue growth, profit margins and future P/E, even as recent research shows a mix of lower and higher price targets alongside differing views on housing demand and builder profitability.Narrative Update • Jan 19
MTH: Share Repurchases And Dividend Yield Will Support Future Upside
Analysts have modestly raised their implied fair value estimate for Meritage Homes to about $104 from roughly $100, reflecting slightly higher assumed revenue growth and P/E multiples, partially offset by more cautious profit margin expectations following recent research highlighting pressure on builder incentives and gross margins. Analyst Commentary Recent Street research on Meritage Homes has been mixed, but there are clear pockets of optimism that support the modestly higher fair value estimate.Narrative Update • Jan 05
MTH: Share Repurchases And EPS Outlook Will Support Upside Potential
Analysts have trimmed their price target for Meritage Homes from US$107.00 to about US$99.88, reflecting updated assumptions around revenue growth, profit margins, discount rate, and future P/E expectations. What's in the News From July 1, 2025 to September 30, 2025, Meritage Homes repurchased 772,010 shares for US$55 million, equal to 1.08% of its shares.Narrative Update • Dec 21
MTH: Higher Margins And Buybacks Will Drive Stronger Future Upside
Analysts have raised their price target on Meritage Homes from approximately $60.00 to $74.00 per share, citing expectations for stronger profit margins and a modestly higher future earnings multiple, despite slightly slower projected revenue growth and a marginally higher discount rate. What's in the News Meritage Homes completed a share repurchase tranche between July 1, 2025 and September 30, 2025, buying back 772,010 shares, or 1.08% of outstanding shares, for $55 million under its ongoing authorization (company filing).Narrative Update • Dec 07
MTH: Fed Cut And Share Buybacks Will Support Earnings Strength Ahead
Analysts have nudged their price target on Meritage Homes slightly higher, from about $82.63 to roughly $83.13, citing updated homebuilder valuations and the view that the recent Fed cut will not significantly alter the near term housing market trajectory. Analyst Commentary Recent commentary from bullish analysts highlights a constructive view on Meritage Homes, reflected in modestly higher price targets and a continued positive stance on the company’s execution and positioning within the housing cycle.Narrative Update • Nov 23
MTH: Recent Market Supply Dynamics Will Support Earnings Strength Ahead
Analysts have increased their price target for Meritage Homes from $79 to $85, citing expectations that a recent Fed rate cut will have a limited immediate impact on the housing market's trajectory. Analyst Commentary Bullish analysts point to several factors driving optimism about Meritage Homes' prospects following the price target adjustment.Narrative Update • Nov 08
MTH: Future Profit Margins Will Drive Positive Sentiment Among Market Participants
Analysts have increased their price target for Meritage Homes from $79 to $85, citing improved revenue growth and profit margins, even though there was only a modest adjustment to fair value estimates. Analyst Commentary Recent updates from Street research provide insights into the revised outlook for Meritage Homes.Narrative Update • Oct 25
Sun Belt Homebuilders Will See Continued Demand Amid Rate and Margin Pressures
Analyst Price Target Update for Meritage Homes Analysts have slightly increased their price target for Meritage Homes from $79 to $85. They cite updated sector coverage and note that recent shifts in interest rates are not expected to significantly affect the housing market outlook in the near term.Narrative Update • Oct 10
Sun Belt Demand Will Spur Homebuilding Growth Despite Margin Risks
Narrative Update on Meritage Homes Analysts have modestly increased their price target for Meritage Homes from $79 to $85, supported by updates to industry expectations and the view that recent macroeconomic shifts are unlikely to significantly alter housing market trends in the short term. Analyst Commentary Bullish and bearish analyst perspectives highlight key factors affecting Meritage Homes' valuation and near-term outlook.Analysis Article • Sep 24
Slowing Rates Of Return At Meritage Homes (NYSE:MTH) Leave Little Room For Excitement
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Jul 12
When Should You Buy Meritage Homes Corporation (NYSE:MTH)?
Meritage Homes Corporation ( NYSE:MTH ), might not be a large cap stock, but it saw a double-digit share price rise of...Analysis Article • Apr 13
Is There Now An Opportunity In Meritage Homes Corporation (NYSE:MTH)?
Meritage Homes Corporation ( NYSE:MTH ), is not the largest company out there, but it saw significant share price...Analysis Article • Mar 26
Meritage Homes Corporation's (NYSE:MTH) Price Is Right But Growth Is Lacking
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 18x, you may...Analysis Article • Mar 11
Returns At Meritage Homes (NYSE:MTH) Are On The Way Up
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...Analysis Article • Feb 05
Meritage Homes (NYSE:MTH) Has A Pretty Healthy Balance Sheet
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Seeking Alpha • Feb 05
Meritage Homes: Strong Execution And Resilient Demand Fuel Growth
Summary Meritage Homes' strong order growth and record backlog conversion demonstrate robust demand, despite a tough macro backdrop and high mortgage rates. Management's conservative FY25 guidance sets the stage for potential outperformance, aligning with MTH's historical trend of beating expectations. MTH's quick move-in strategy and aggressive land acquisitions position it well for future growth, particularly in high-demand entry-level segments. Read the full article on Seeking AlphaAnalysis Article • Dec 18
There Is A Reason Meritage Homes Corporation's (NYSE:MTH) Price Is Undemanding
Meritage Homes Corporation's ( NYSE:MTH ) price-to-earnings (or "P/E") ratio of 7.3x might make it look like a strong...Seeking Alpha • Dec 14
Meritage Homes: Favourable Macro Backdrop And A Right Strategy In Place
Summary I maintain a buy rating for Meritage Homes Corporation due to strong earnings growth outlook and favorable macro conditions, including tight housing supply and elevated mortgage rates. MTH's strategic focus on quick, move-in ready homes with a 60-day closing guarantee positions it well to capture demand in the current market. Risks include tighter regulations affecting home financing and supply chain pressures from increased new home construction. Read the full article on Seeking AlphaAnalysis Article • Dec 05
Are Meritage Homes Corporation (NYSE:MTH) Investors Paying Above The Intrinsic Value?
Key Insights The projected fair value for Meritage Homes is US$148 based on 2 Stage Free Cash Flow to Equity Meritage...Analysis Article • Nov 07
Meritage Homes (NYSE:MTH) Strong Profits May Be Masking Some Underlying Issues
The recent earnings posted by Meritage Homes Corporation ( NYSE:MTH ) were solid, but the stock didn't move as much as...Analysis Article • Nov 04
Is Meritage Homes (NYSE:MTH) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2026 | n/a | n/a | US$329m |
| Mar 31 2026 | n/a | n/a | US$386m |
| Dec 31 2025 | US$8m | US$1m | US$453m |
| Sep 30 2025 | n/a | n/a | US$542m |
| Jun 30 2025 | n/a | n/a | US$638m |
| Mar 31 2025 | n/a | n/a | US$723m |
| Dec 31 2024 | US$12m | US$1m | US$786m |
| Sep 30 2024 | n/a | n/a | US$812m |
| Jun 30 2024 | n/a | n/a | US$838m |
| Mar 31 2024 | n/a | n/a | US$793m |
| Dec 31 2023 | US$11m | US$900k | US$739m |
| Sep 30 2023 | n/a | n/a | US$802m |
| Jun 30 2023 | n/a | n/a | US$843m |
| Mar 31 2023 | n/a | n/a | US$906m |
| Dec 31 2022 | US$8m | US$900k | US$992m |
| Sep 30 2022 | n/a | n/a | US$967m |
| Jun 30 2022 | n/a | n/a | US$906m |
| Mar 31 2022 | n/a | n/a | US$823m |
| Dec 31 2021 | US$8m | US$850k | US$737m |
| Sep 30 2021 | n/a | n/a | US$653m |
| Jun 30 2021 | n/a | n/a | US$561m |
| Mar 31 2021 | n/a | n/a | US$484m |
| Dec 31 2020 | US$6m | US$700k | US$423m |
| Sep 30 2020 | n/a | n/a | US$375m |
| Jun 30 2020 | n/a | n/a | US$335m |
| Mar 31 2020 | n/a | n/a | US$295m |
| Dec 31 2019 | US$5m | US$650k | US$250m |
Compensation vs Market: Phillippe's total compensation ($USD8.11M) is about average for companies of similar size in the US market ($USD6.88M).
Compensation vs Earnings: Phillippe's compensation has been consistent with company performance over the past year.
CEO
Phillippe Lord (52 yo)
5.7yrs
Tenure
US$8,114,286
Compensation
Mr. Phillippe Lord serves as Director at Meritage Homes Corporation since February 17, 2021 and served its President since February 2021 until March 2021. He serves as Executive Vice President of Meritage...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 30.7yrs | US$2.33m | 1.29% $ 52.1m | |
| CEO, Executive VP & Director | 5.7yrs | US$8.11m | 0.40% $ 16.1m | |
| CFO & Executive VP | 10.4yrs | US$3.30m | 0.19% $ 7.7m | |
| Executive VP | 4.4yrs | US$1.84m | 0.029% $ 1.2m | |
| Chief People Officer & Executive VP | 10.8yrs | US$1.62m | 0.069% $ 2.8m | |
| Senior VP | 10.5yrs | no data | 0.012% $ 472.8k | |
| Vice President of Investor Relations & ESG | no data | no data | no data | |
| Southern California Division President | no data | no data | no data | |
| Executive VP | less than a year | no data | 0.032% $ 1.3m |
5.7yrs
Average Tenure
52yo
Average Age
Experienced Management: MTH's management team is seasoned and experienced (5.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 30.7yrs | US$2.33m | 1.29% $ 52.1m | |
| CEO, Executive VP & Director | 5.6yrs | US$8.11m | 0.40% $ 16.1m | |
| Lead Independent Director | 26yrs | US$367.41k | 0.059% $ 2.4m | |
| Independent Director | 4.8yrs | US$297.41k | 0.021% $ 830.1k | |
| Independent Director | 10.5yrs | US$316.16k | 0.082% $ 3.3m | |
| Independent Director | 17.1yrs | US$302.41k | 0.20% $ 7.9m | |
| Independent Director | 14.8yrs | US$317.41k | 0.084% $ 3.4m | |
| Independent Director | 1.7yrs | US$292.41k | 0.0049% $ 198.2k | |
| Independent Director | 6.5yrs | US$307.41k | 0.041% $ 1.7m | |
| Independent Director | 7.3yrs | US$297.41k | 0.069% $ 2.8m | |
| Independent Director | 1.9yrs | US$297.41k | 0.0061% $ 244.7k |
7.3yrs
Average Tenure
62yo
Average Age
Experienced Board: MTH's board of directors are considered experienced (7.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/11 21:59 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Meritage Homes Corporation is covered by 20 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Kim | Barclays |
| Rafe Jadrosich | BofA Global Research |
| Tyler Batory | Brean Capital Historical (Janney Montgomery) |