Toll Brothers (NYSE:TOL) Issues Earnings Results

Toll Brothers (NYSE:TOL) issued its quarterly earnings data on Monday. The construction company reported $4.58 earnings per share for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.30), Zacks reports. The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.32 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.Toll Brothers’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.63 earnings per share.

Toll Brothers Stock Down 2.1%

TOL opened at $136.08 on Tuesday. The firm has a market cap of $13.12 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 1.65 and a beta of 1.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 4.38. The firm’s 50-day simple moving average is $135.01 and its 200-day simple moving average is $127.81. Toll Brothers has a twelve month low of $86.67 and a twelve month high of $156.89.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, October 10th. Toll Brothers’s payout ratio is currently 7.35%.

Institutional Trading of Toll Brothers

Several large investors have recently added to or reduced their stakes in the company. Sivia Capital Partners LLC bought a new position in shares of Toll Brothers in the second quarter valued at approximately $705,000. Brown Advisory Inc. increased its holdings in Toll Brothers by 4.6% during the 2nd quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company’s stock valued at $481,000 after purchasing an additional 186 shares in the last quarter. NewEdge Advisors LLC raised its position in Toll Brothers by 5.8% in the 2nd quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company’s stock valued at $708,000 after purchasing an additional 340 shares during the last quarter. Sei Investments Co. boosted its stake in Toll Brothers by 164.9% in the second quarter. Sei Investments Co. now owns 38,556 shares of the construction company’s stock worth $4,400,000 after purchasing an additional 24,001 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in Toll Brothers by 1.5% in the second quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company’s stock worth $5,274,000 after purchasing an additional 700 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

TOL has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded Toll Brothers from a “neutral” rating to an “overweight” rating and set a $161.00 price objective for the company in a research report on Thursday, December 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Toll Brothers in a research note on Wednesday, October 8th. Citigroup lifted their price target on shares of Toll Brothers from $138.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Wedbush reissued an “outperform” rating and issued a $165.00 price target on shares of Toll Brothers in a report on Thursday, September 18th. Finally, Royal Bank Of Canada increased their price objective on shares of Toll Brothers from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and an average price target of $150.21.

About Toll Brothers

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 designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also 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; and develops, operates, and rents apartments.