Toll Brothers (NYSE:TOL) Posts Quarterly Earnings Results

Toll Brothers (NYSE:TOL) posted its earnings results on Tuesday. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.64, Zacks reports. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%.

Toll Brothers Price Performance

TOL traded down $1.80 during trading on Tuesday, reaching $104.25. The stock had a trading volume of 3,414,301 shares, compared to its average volume of 1,806,670. The business has a 50-day moving average of $101.54 and a 200-day moving average of $122.84. Toll Brothers has a one year low of $86.67 and a one year high of $169.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The stock has a market cap of $10.41 billion, a PE ratio of 7.17, a PEG ratio of 1.02 and a beta of 1.45.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a $0.25 dividend. The ex-dividend date was Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 0.96%. Toll Brothers’s payout ratio is 6.88%.

Insiders Place Their Bets

In other Toll Brothers news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the transaction, the director now directly owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. This trade represents a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

TOL has been the topic of a number of analyst reports. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Wedbush reiterated an “outperform” rating on shares of Toll Brothers in a research report on Tuesday. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Toll Brothers in a report on Tuesday. Wells Fargo & Company cut their price objective on shares of Toll Brothers from $150.00 to $120.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Finally, Oppenheimer decreased their target price on shares of Toll Brothers from $165.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.64.

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.