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Profile - Meritage Corporation (NYSE:MTH)
As of 31-Aug-2001
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Location
6613 North Scottsdale Road, Suite 200
Scottsdale, AZ 85250
Phone: (480) 998-8700
Fax: (480) 998-9162
Employees (last reported count): 360
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Capital Goods
 ·Industry: Construction Services
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 59%
·Over the last 6 months:
 · 4 insider sells; 28.0K shares
  (0.9% of insider shares)
·Institutional: 29% (72% of float)
(50 institutions)
·Net Inst. Buying: 176.0K shares (+10.05%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Meritage Corporation, formed in 1988 as a real estate investment trust, designs, constructs and sells single-family homes ranging from entry-level to semi-custom luxury. Meritage currently operates in three large and growing Sunbelt states: Texas, Arizona and California. As of December 31, 2000, the Company was actively selling homes in 56 communities. Meritage designs its homes to appeal to a wide variety of consumers. In Texas, the Company targets entry-level and move-up buyers, offering homes at prices that reflect the production efficiencies of a high-volume tract builder. In Arizona, the Company focuses on the luxury market, which is characterized by unique communities and distinctive luxury homes, and the move-up homebuyers' market. In Northern California, the Company focuses on building quality first and second-time move-up homes.
More from Market Guide: Expanded Business Description

Financial Summary
Meritage Corporation develops, constructs, markets and sells new single family homes in the semi-custom luxury, move-up and entry level markets. For the six months ended 6/30/01, revenues rose 36% to $292.1 million. Net income before extraordinary items rose 52% to $20.3 million. Revenues reflect increased units closed due to strong market performance in Texas and California. Earnings also reflect an increase in gross margins.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Steven Hilton, 39
Co-Chairman and Co-CEO
$1.4M
John Landon, 43
Co-Chairman and Co-CEO
1.4M
Larry Seay, 45
CFO, VP-Fin., Sec., Treasurer
351K
Richard Morgan, 45
VP
208K
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:MTHAs of 31-Aug-2001
Price and Volume
52-Week Low
on 6-Sep-2000
$15.50 
Recent Price$49.50 
52-Week High
on 19-July-2001
$59.96 
Beta0.79 
Daily Volume (3-month avg)52.7K
Daily Volume (10-day avg)56.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+218.1%
52-Week Change
relative to S&P500
+326.7%
Share-Related Items
Market Capitalization$264.6M
Shares Outstanding5.35M
Float2.20M
Dividends & Splits
Annual Dividendnone 
Last Split: 1 for 3 on 2-Jan-1997
Per-Share Data
Book Value (mrq)$26.70 
Earnings (ttm)$7.45 
Earnings (mrq)$2.20 
Sales (ttm)$104.02 
Cash (mrq)$0.76 
Valuation Ratios
Price/Book (mrq)1.85 
Price/Earnings (ttm)6.65 
Price/Sales (ttm)0.48 
Income Statements
Sales (ttm)$597.4M
EBITDA (ttm)$72.8M
Income available to common (ttm)$42.7M
Profitability
Profit Margin (ttm)7.2%
Operating Margin (ttm)11.5%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)14.21%
Return on Equity (ttm)35.60%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)1.39 
Total Cash (mrq)$4.08M
Short Interest
As of 8-Aug-2001
Shares Short209.0K
Percent of Float9.5%
Shares Short
(Prior Month)
160.0K
Short Ratio2.82 
Daily Volume74.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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