BNET Industries

Meritage Homes Corp.

Market Cap:$596.0M
Last Fiscal Year Sales:$1.5B
  • Public
  • US
Dow Jones Description

Meritage Homes Corporation is a leading designer and builder of single-family detached homes in the historically high-growth southern and western United States. We offer a variety of homes that are designed to appeal to a wide range of homebuyers, including first-time, move-up, luxury and active adult buyers, with base prices ranging from under $100,000 to a million dollars. Our homebuilding and marketing activities are conducted under the names Meritage Homes, Monterey Homes and Legacy Homes. We have operations in three regions: West, Central and East, which are comprised of 12 metropolitan areas in six states. These three regions are our principal business segments. As of June 30, 2009, we had 178 actively selling communities in Houston, Dallas/Ft. Worth, Austin, San Antonio, Phoenix/Scottsdale, Tucson, Las Vegas, Denver, Orlando, and the East Bay/Central Valley and Inland Empire of California. Meritage Homes and its predecessor companies have delivered over 60,000 homes since the Company was founded. We delivered more than 5,600 homes in 2008, ranking Meritage as the 10th largest homebuilder in the U.S. based on homes closed.

Chief Executive Officer
Steven J. Hilton
Number of Employees 735
Contact Information

17851 N 85th St Ste 300

Scottsdale, Arizona 85255

www.meritagehom...

(480) 515-8100

NAICS Code New Single-Family Housing Construction (except Operative Builders): 236115

Recent Events

  • Meritage Homes MTH Upgrade Alert, Watch for 3.4% Technical Downtrend Reversal

    11/06/09 - Bond / Stock Rating - View Story

  • Meritage Homes Reports Dramatically Lower Net Loss

    10/28/09 - Financial Announcement - View Story

  • Meritage Homes Acquires Active Adult Community Outside Phoenix

    10/06/09 - Buildings Purchased - View Story

  • Today's Closing Update: Nasdaq, Oil Lead the Decline

    9/24/09 - Bond / Stock Rating - View Story

  • Meritage Homes Appoints Dana Bradford to Its Board of Directors

    8/14/09 - Board Member - Entering - View Story

  • Meritage Homes Reports Wider Loss

    8/02/09 - Financial Announcement - View Story

  • David Moenning's Daily State of the Markets: 6/15

    6/15/09 - Bond / Stock Rating - View Story

News & Analysis

meritage homes corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Steven J. Hilton Chief Executive Officer
Alan F. Toffoli Division President, Southern California
C. Thomas Grant Division President, Austin
David John Mann Division President, Fort Worth
David R. Modlin Division President, N Houston
Dennis Welsch Reg President, California & Acting Division President, Northern California
Fred C. Hermann Division President, Phoenix
James F. Bauer Division President, Dallas
Jeffrey R. Grobstein Reg President, Southwest & Acting Division President, Tucson
John W. Meyer Division President, Orlando
Kevin K. Meuth Division President, Central Houston
Richard Harvey Reg President, Texas
Rodney B. Howerton Division President, S Houston
Steve Harding Division President, San Antonio
Todd E. Wakely Division President, Colorado
Larry W. Seay Cfo
Steve C. Pardee CIO & Vice President
Steven M. Davis COO & Executive Vice President, Natl Homebuilding Operations
Vicki L. Biggs Chief Accounting Officer, Controller & Vice President
C. Timothy White General Counsel, Secretary & Executive Vice President
Amy Barrpm Etzkorn Vice President, Taxation
Brent A. Anderson Vice President, IR
Camille S. Self Vice President, Risk Mgmt
Chris T. Snow Vice President, Natl Purchasing
Derek C. Bruns Vice President, Internal Audit
Jane S. Hays Vice President, Corp Comm
Jeff Jacobs Vice President of Community Development
Jeffrey Beck Vice President & Corp Counsel
John B. Carroll Treasurer & Vice President
Melvin Faraoni Vice President & Assoc General Counsel
Patricia L. McCleve Vice President, Natl Design Studios
Peter J. Hebert Vice President, Taxation
Robert A. Laak Vice President, Finance
Peter L. Ax Lead Director
Rodney Hamp Sales Manager
Richard Morgan Treasurer
Robert G. Sarver Director
William Campbe Director

Board of Directors

Name (plus bio) Position
Richard T. Burke Board of Directors

Steven J. Hilton, 45, was co-chairman and co-chief executive officer of Meritage Homes Corporation from 1997 to May 2006. In May 2006, Mr. Hilton was named the Company's chairman and chief executive officer. Mr. Hilton co-founde...

Organization Position Status
Meritage Home Corporation Chairman and Chief Executive Officer Current
Western Alliance Bancorporation Board of Directors Current
Meritage Homes Corporation Chief Executive Officer Current
Meritage Homes Corporation Chairman Current
Alliance Bank of Arizona Director Current
The University of Arizona Bachelor of Science Degree In Accounting Former

Organization Position Status
Meritage Homes Corporation Division President, Southern California Current

Organization Position Status
Meritage Homes Corporation Division President, Austin Current

Organization Position Status
Meritage Homes Corporation Division President, Fort Worth Current

Organization Position Status
Meritage Homes Corporation Division President, N Houston Current

Organization Position Status
Meritage Homes Corporation Reg President, California & Acting Division President, Northern California Current

Organization Position Status
Meritage Homes Corporation Division President, Phoenix Current

Organization Position Status
Meritage Homes Corporation Division President, Dallas Current

Organization Position Status
Meritage Homes Corporation Reg President, Southwest & Acting Division President, Tucson Current

Organization Position Status
Meritage Homes Corporation Division President, Orlando Current

Organization Position Status
Meritage Homes Corporation Division President, Central Houston Current

Organization Position Status
Meritage Homes Corporation Reg President, Texas Current

Organization Position Status
Meritage Homes Corporation Division President, S Houston Current

Organization Position Status
Meritage Homes Corporation Division President, San Antonio Current

Organization Position Status
Meritage Homes Corporation Division President, Colorado Current

* Executive Vice President and CFO * CFO of Meritage since December 31, 1996 * Over 21 years homebuilding experience * BS in Finance & Accounting, MBA from Arizona State University * CPA -- active in AICPA, ASCPA, Financial Executives’ Institute and Arizona Business Leadership

Organization Position Status
Meritage Homes Corporation Cfo Current
Meritage Homes Corporation Executive Vice President Former
Meritage Homes Corporation Treasurer Former
Arizona State University Master's Degree In Business Administration Former
Arizona State University Bachelor of Science Degrees In Finance and Accounting Former

Organization Position Status
Meritage Homes Corporation CIO & Vice President Current

* Executive Vice President – Chief Operating Officer * 24 years of homebuilding experience * KBH region president, executed turnaround strategy, led start-up operation in post-hurricane Katrina Gulf Coast * Master's Degree in Operations Management, University of Arkansas; BS in Business Management, Park University

Organization Position Status
Meritage Homes Corporation COO & Executive Vice President, Natl Homebuilding Operations Current
Meritage Homes Corporation Executive Vice President, Natl Home Building Operations & Acting Reg President, FL & Rocky Mtn Former

Organization Position Status
Meritage Homes Corporation Chief Accounting Officer, Controller & Vice President Current
Meritage Homes Corporation Board of Directors Current
Meritage Homes Corporation Controller Former

* Executive Vice President, General Counsel and Secretary since October 2005 * Outside Counsel starting in 1991 * Former chairman of Real Estate Department for Greenburg Traurig, LLP * Director of Meritage Jan’97-Oct’05, director of Monterey Homes Feb’95-Dec’96 * Law degree, Arizona State University College of Law 1985; BS in Accounting, University of Arizona in 1982

Organization Position Status
Meritage Homes Corporation General Counsel, Secretary & Executive Vice President Current
Meritage Homes Corporation Secretary Current
Meritage Homes Corporation General Counsel Former

Organization Position Status
Meritage Homes Corporation Vice President, Taxation Current

Organization Position Status
Meritage Homes Corporation Vice President, IR Current

Organization Position Status
Meritage Homes Corporation Vice President, Risk Mgmt Current

Organization Position Status
Meritage Homes Corporation Vice President, Natl Purchasing Current

Organization Position Status
Meritage Homes Corporation Vice President, Internal Audit Current

Organization Position Status
Meritage Homes Corporation Vice President, Corp Comm Current

Organization Position Status
Meritage Homes Corporation Vice President of Community Development Current
University of California, Davis B.S. In Biology Former

Organization Position Status
Meritage Homes Corporation Vice President & Corp Counsel Current

Organization Position Status
Meritage Homes Corporation Treasurer & Vice President Current

Organization Position Status
Meritage Homes Corporation Vice President & Assoc General Counsel Current

Organization Position Status
Meritage Homes Corporation Vice President, Natl Design Studios Current

Organization Position Status
Meritage Homes Corporation Vice President, Taxation Current

Organization Position Status
Meritage Homes Corporation Vice President, Finance Current

Organization Position Status
Spincycle LLC Chief Executive Officer Current
Phxcapital Managing Director, Email Peter Current
Cashx Founder Current
Phxcapital Managing Partner Current
Meritage Homes Corporation Lead Director Current
Laundromats.Com Developer Current
Meritage Homes Corporation Director Current
iGo, Inc. Board of Directors Current
Corporate Governance Board of Directors Current
Think Outside Director Current
Phxcapital Founder Former
Spincycle LLC Co-Founder Former
Wharton Graduate School of the University of Pennsylvania Accounting Instructor Former
Laundromats.Com Chairman Former
Spincycle LLC Chairman Former
The University of Arizona J.D. Former
Wharton Graduate School of the University of Pennsylvania M.B.A. Former
The University of Arizona B.S. Former
Wharton Graduate School of the University of Pennsylvania Accounting Instructor Former

Organization Position Status
Cybercoupons Corp Founder Current
Texas Family Magazine Online Vice President of Circulation and Founding Partner Current
Meritage Homes Corporation Sales Manager Current
Grocerycoupons.Com CEO Former
Grocerycoupons.Com Founder Former
David Powers Homes Inc. Sales Manager Former
Texas Family Magazine Online Circulation Manager, Em Current
David Powers Homes Inc. Sales Consultant Former

Organization Position Status
Meritage Homes Corporation Treasurer Current
Meritage Homes Corporation Treasurer & Vice President Former
Meritage Homes Corporation Treasurer Former

Richard T. Burke, Sr., 60, was appointed as a director in September 2004. Mr. Burke is on the Board of Directors of UnitedHealth Group, of which he was chief executive officer until 1988. From 1995 until 2001, Mr. Burke was the ow...

Organization Position Status
UnitedHealth Group Incorporated Chairman Current
Meritage Homes Corporation Board of Directors Current
First Cash Financial Services, Inc. Board of Directors Current
UnitedHealth Group Incorporated Chief Executive Officer Former
UnitedHealth Group Incorporated Director Former

Organization Position Status
Alta Alliance Bank Chairman and CEO, Western Alliance Bancorporation Current
Bank of Nevada Chief Executive Officer Current
Western Alliance Bancorporation Chairman, President & Chief Executive Officer Current
Western Alliance Chief Executive Officer Current
Nevada First Bank Chief Executive Officer Current
Torrey Pines Bank Chief Executive Officer Current
Phoenix Suns Managing Partner Current
SkyWest Airlines, Inc. Chairman Current
Torrey Pines Bank Chairman Current
SkyWest Airlines, Inc. Director Current
The Meritage Company, Inc. Director Current
Meritage Home Corporation Director Current
Meritage Homes Corporation Director Current
California Bank & Trust Chief Executive Officer Former
National Bank of Arizona President Former
Western Alliance President Former
National Bank of Arizona Founder Former
California Bank & Trust Chairman Former
Western Alliance Chairman Former
Alta Alliance Bank Board of Directors Former
The University of Arizona Former

Organization Position Status
Meritage Homes Corporation Director Current

Executive News

  • Suns want to see healthy Stoudemire

    Washington Post - 7/14/09 - View Story

  • Western Alliance Bancorporation Announces Second Quarter 2009 Earnings Release Date and...

    Forbes.com - 7/14/09 - View Story

  • Grant Hill decides to stay with Suns

    San Jose Mercury News - 7/10/09 - View Story

  • Hill Chooses Suns Over Knicks

    New York Times - 7/10/09 - View Story

  • Bidwills more popular than Sarver, Moyes

    The Business Journal of Phoenix - 7/01/09 - View Story

  • Cardinals gain as Suns, Coyotes, D-backs slide in rankings

    The Business Journal of Phoenix - 7/01/09 - View Story

  • Buying a vacation home for the vacation

    Reuters - 6/27/09 - View Story

  • Downsizing the American dream

    Reuters - 6/27/09 - View Story

  • Reuters Summit-US downturn puts vacation back in vacation home

    CNN Money - 6/26/09 - View Story

  • U.S. downturn puts vacation back in vacation home

    Reuters - 6/26/09 - View Story

  • KB Home posts loss, orders decline, shares drop

    Reuters - 6/26/09 - View Story

  • KB Home posts loss, orders decline, shares drop

    CNN Money - 6/26/09 - View Story

  • Cavs close to acquiring Shaq

    Shanghai Daily - 6/25/09 - View Story

  • Blockbuster: Cavs acquire Shaq from Suns

    Washington Post - 6/25/09 - View Story

  • Shaquille O'Neal traded to Cleveland Cavaliers

    Los Angeles Times - 6/25/09 - View Story

  • ANALYSIS-Downsized Americans downsize their homes

    Forbes.com - 6/25/09 - View Story

  • Downsized Americans downsize their homes

    Reuters - 6/25/09 - View Story

  • Home Builders Shop for Cheap Land

    The Wall Street Journal Interactive Edition - 6/24/09 - View Story

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     MTH $18.75 +0.17 (0.91% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 738,230
Shares Outstanding 31.67M
Market Cap 593.9M
Year High 24.35
Year Low 6.5
Earnings Per Share -6.11
P/E Ratio -3.07
Dividend N/A
Yield N/A
IndustryTop Rated
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