Meritage Homes released its 2024 Sustainability and Corporate Responsibility Report, highlighting achievements in energy efficiency and community support.
Quiver AI Summary
Meritage Homes Corporation, the fifth-largest homebuilder in the U.S., has released its 2024 Sustainability and Corporate Responsibility Report, showcasing the company's advancements in sustainability and corporate responsibility throughout the year. The report, which replaces the former Environmental, Social and Governance Report, emphasizes Meritage's commitment to building energy-efficient homes, highlighted by the delivery of over 15,500 ENERGY STAR® certified homes and a notable improvement in energy efficiency ratings. In addition to sustainability efforts, the report reflects the company's focus on inclusion and workplace culture. Key achievements include obtaining Great Place to Work® certification for the second consecutive year, the launch of the Meritage Cares Assistance Fund for employees, and a decade of philanthropic efforts through the Meritage Cares foundation. CEO Phillippe Lord emphasized the importance of delivering sustainable and affordable homes, while CFO Hilla Sferruzza noted the report's focus on integrity and transparency.
Potential Positives
- Meritage Homes published its 2024 Sustainability and Corporate Responsibility Report, demonstrating a commitment to transparency and accountability in its sustainability efforts.
- The company delivered over 15,500 ENERGY STAR® certified homes in 2024, highlighting its leadership in energy-efficient homebuilding.
- Meritage achieved a significant year-over-year improvement in energy efficiency, with homes delivered in 2024 being 51% more energy-efficient compared to typical homes built in 2006.
- Meritage received the Great Place to Work® Certified status for the second consecutive year, reflecting its positive workplace culture and employee satisfaction.
Potential Negatives
- While the report highlights sustainability efforts, there is no mention of specific challenges or setbacks faced in these initiatives, which may lead to perceptions of a lack of transparency.
- The change in terminology from 'DEI' to 'Inclusion, Culture and Belonging' may be seen as a rebranding effort that could detract from genuine commitment to diversity and inclusion, drawing scrutiny from stakeholders who prioritize these issues.
- The emphasis on achieving operational efficiencies and affordability for homebuyers may be scrutinized in the context of rising housing prices, potentially eroding consumer trust if affordability does not improve in practice.
FAQ
What is the focus of Meritage Homes' 2024 Report?
The 2024 Report highlights Meritage's sustainability and corporate responsibility efforts in 2024, reflecting their business strategy.
How many ENERGY STAR certified homes did Meritage build?
Meritage delivered over 15,500 ENERGY STAR certified homes in 2024, showcasing their commitment to sustainability.
What is the HERS Index score improvement for Meritage homes?
Meritage achieved a year-over-year improvement in average HERS Index score of 49, making homes 51% more energy-efficient than typical 2006 homes.
What new fund did Meritage launch in 2024?
Meritage launched the Meritage Cares Assistance Fund, which provides tax-advantaged financial assistance to eligible employees.
What recognition has Meritage received for workplace culture?
Meritage achieved Great Place to Work Certified status for the second consecutive year, highlighting its commitment to workplace culture.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MTH Insider Trading Activity
$MTH insiders have traded $MTH stock on the open market 6 times in the past 6 months. Of those trades, 2 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $MTH stock by insiders over the last 6 months:
- PHILLIPPE LORD (Chief Executive Officer) sold 6,950 shares for an estimated $556,069
- MALISSIA CLINTON (EVP - Gen. Counsel, Secretary) has made 0 purchases and 2 sales selling 6,518 shares for an estimated $466,619.
- JOSEPH KEOUGH purchased 4,000 shares for an estimated $264,640
- DENNIS V ARRIOLA purchased 2,200 shares for an estimated $154,000
- ALISON SASSER (SVP - Chief Accounting Officer) sold 152 shares for an estimated $11,191
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$MTH Hedge Fund Activity
We have seen 221 institutional investors add shares of $MTH stock to their portfolio, and 185 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- LONG POND CAPITAL, LP removed 847,661 shares (-75.3%) from their portfolio in Q2 2025, for an estimated $56,767,857
- UBS GROUP AG added 733,391 shares (+255.4%) to their portfolio in Q2 2025, for an estimated $49,115,195
- CAPITAL WORLD INVESTORS added 671,184 shares (+95.0%) to their portfolio in Q2 2025, for an estimated $44,949,192
- FISHER ASSET MANAGEMENT, LLC removed 647,076 shares (-49.1%) from their portfolio in Q2 2025, for an estimated $43,334,679
- BLACKROCK, INC. removed 597,679 shares (-5.0%) from their portfolio in Q2 2025, for an estimated $40,026,562
- BANK OF AMERICA CORP /DE/ added 565,701 shares (+90.5%) to their portfolio in Q2 2025, for an estimated $37,884,995
- BALYASNY ASSET MANAGEMENT L.P. added 527,265 shares (+58.9%) to their portfolio in Q2 2025, for an estimated $35,310,937
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$MTH Analyst Ratings
Wall Street analysts have issued reports on $MTH in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Evercore ISI Group issued a "Outperform" rating on 07/25/2025
- B of A Securities issued a "Buy" rating on 05/05/2025
To track analyst ratings and price targets for $MTH, check out Quiver Quantitative's $MTH forecast page.
$MTH Price Targets
Multiple analysts have issued price targets for $MTH recently. We have seen 6 analysts offer price targets for $MTH in the last 6 months, with a median target of $78.5.
Here are some recent targets:
- Jade Rahmani from Keefe, Bruyette & Woods set a target price of $75.0 on 07/28/2025
- Michael Rehaut from JP Morgan set a target price of $60.0 on 07/28/2025
- Jay McCanless from Wedbush set a target price of $90.0 on 07/25/2025
- Stephen Kim from Evercore ISI Group set a target price of $100.0 on 07/25/2025
- Rafe Jadrosich from B of A Securities set a target price of $82.0 on 05/05/2025
- Kenneth Zener from Seaport Global set a target price of $70.0 on 03/06/2025
Full Release
SCOTTSDALE, Ariz., Aug. 25, 2025 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today published its 2024 Sustainability and Corporate Responsibility Report (the “2024 Report”). Formerly known as the Environmental, Social and Governance Report, the 2024 Report highlights Meritage’s progress surrounding sustainability and corporate responsibility efforts in 2024, along with the integral role they play in the Company’s business, culture and strategy. Meritage continues to provide disclosures under the shareholder-endorsed reporting frameworks of the Sustainability Account Standards Board, the Global Reporting Initiative, the United Nations Sustainable Development Goals and the Task Force on Climate-Related Financial Disclosures.
“Through our ongoing innovation and focus on operational efficiencies, Meritage delivers both sustainability and affordability to our homebuyers. We build homes that meet customer needs while advancing our broader commitment to corporate responsibility and positioning our business for long-term growth,” shares Phillippe Lord, chief executive officer at Meritage Homes. “This approach reflects our brand promise of delivering a Life.Built.Better.® not just for our customers, but also our employees, realtors, vendor partners, shareholders and the communities in which we live and operate.”
“Building on our commitment to integrity and transparency, we have updated this year’s report name to ‘Sustainability and Corporate Responsibility,’ which we believe best reflects the foundation of our strategy, relationships and actions each and every day,” said Hilla Sferruzza, chief financial officer at Meritage Homes. “Further, to better capture our core values and all of our people-focused initiatives in the workplace, we have also revised our use of the term ‘DEI’ to Inclusion, Culture and Belonging.”
Key highlights from Meritage’s 2024 Report include:
- Continued commitment to sustainability by delivering over 15,500 ENERGY STAR® certified homes.
- A year-over-year improvement in average HERS Index energy efficiency score of 49, which means the homes delivered by Meritage in 2024 were 51% more energy-efficient than a typical home built in 2006.
- Enhanced the accuracy of the greenhouse gas accounting inventory across scopes 1-3 by adopting best-practice calculation methodologies.
- Achieved Great Place to Work® Certified status for the second year in a row.
- Launched Meritage Cares Assistance Fund, an employer-sponsored relief fund providing tax-advantaged financial assistance to eligible employees.
- Celebrated ten years of philanthropic efforts through Meritage Cares, our charitable foundation, which supports meaningful causes selected by employees.
Meritage’s 2024 Report and the related statistics in excel format can be found in full here .
About Meritage Homes Corporation
Meritage is the fifth-largest public homebuilder in the United States, based on homes closed in 2024. The Company offers energy-efficient and affordable entry-level and first move-up homes. Operations span across Arizona, California, Colorado, Utah, Tennessee, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, and South Carolina.
Meritage has delivered over 200,000 homes in its 40-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. The Company is an industry leader in energy-efficient homebuilding, an eleven-time recipient of the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR® Partner of the Year for Sustained Excellence Award and Residential New Construction Market Leader Award, as well as a four-time recipient of the EPA's Indoor airPLUS Leader Award.
For more information, visit www.meritagehomes.com .
| Contact: | Emily Tadano, VP Investor Relations and External Communications |
| (480) 515-8979 (office) | |
| [email protected] |