Toll Brothers (NYSE:TOL) Issues Earnings Results, Beats Expectations By $0.39 EPS
Toll Brothers (NYSE:TOL – Get Free Report) announced its quarterly earnings results on Tuesday. The construction company reported $4.11 EPS for the quarter, topping analysts’ consensus estimates of $3.72 by $0.39, MarketWatch Earnings reports. Toll Brothers had a return on equity of 22.97% and a net margin of 14.66%. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same quarter last year, the firm posted $4.67 earnings per share. The firm’s revenue was down 18.6% on a year-over-year basis.
Toll Brothers Stock Performance
NYSE:TOL traded up $0.06 on Tuesday, hitting $87.27. The stock had a trading volume of 2,060,297 shares, compared to its average volume of 1,569,464. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 6.27, a price-to-earnings-growth ratio of 0.73 and a beta of 1.52. The company has a quick ratio of 0.81, a current ratio of 5.00 and a debt-to-equity ratio of 0.42. The business’s 50-day simple moving average is $77.33 and its two-hundred day simple moving average is $77.18. Toll Brothers has a 52-week low of $45.47 and a 52-week high of $88.72.
Toll Brothers Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.84 annualized dividend and a yield of 0.96%. Toll Brothers’s payout ratio is 6.04%.
Insiders Place Their Bets
In other Toll Brothers news, Director Paul E. Shapiro sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $73.36, for a total value of $73,360.00. Following the transaction, the director now directly owns 130,033 shares of the company’s stock, valued at $9,539,220.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.79% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Toll Brothers by 9.1% in the 1st quarter. Vanguard Group Inc. now owns 11,623,797 shares of the construction company’s stock worth $546,551,000 after purchasing an additional 968,528 shares in the last quarter. State Street Corp lifted its holdings in Toll Brothers by 1.1% in the 1st quarter. State Street Corp now owns 4,070,929 shares of the construction company’s stock worth $191,415,000 after purchasing an additional 45,004 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Toll Brothers by 10.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,773,505 shares of the construction company’s stock worth $177,444,000 after purchasing an additional 353,364 shares in the last quarter. Millennium Management LLC lifted its holdings in Toll Brothers by 271.6% in the 4th quarter. Millennium Management LLC now owns 3,096,331 shares of the construction company’s stock worth $154,569,000 after purchasing an additional 2,263,039 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Toll Brothers by 7.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,816,816 shares of the construction company’s stock worth $81,030,000 after purchasing an additional 119,101 shares in the last quarter. 91.11% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts recently commented on TOL shares. UBS Group raised their price target on Toll Brothers from $82.00 to $107.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. Keefe, Bruyette & Woods raised their price objective on Toll Brothers from $94.00 to $101.00 in a research report on Tuesday, September 5th. Seaport Res Ptn raised Toll Brothers from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. Wedbush reissued a “neutral” rating and set a $82.00 price objective on shares of Toll Brothers in a research report on Wednesday, November 29th. Finally, StockNews.com began coverage on Toll Brothers in a research report on Thursday, October 5th. They set a “buy” rating for the company. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $90.07.
View Our Latest Analysis on Toll Brothers
Toll Brothers Company Profile (Get Free Report)
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living. In addition, the company develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; develops and sells land; and develops, operates, and rents apartments, as well as provides various interior fit-out options, such as flooring, wall tile, plumbing, cabinets, fixtures, appliances, lighting, and home-automation and security technologies.
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