Toll Brothers (NYSE:TOL) Posts Earnings Results, Beats Expectations By $0.96 EPS

Toll Brothers (NYSE:TOL – Get Rating) issued its quarterly earnings data on Wednesday. The construction company reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.96, Briefing.com reports. Toll Brothers had a net margin of 13.59% and a return on equity of 21.75%. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the prior year, the firm posted $1.85 EPS. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year.

Toll Brothers Price Performance

TOL stock opened at $68.19 on Friday. The firm’s 50-day moving average price is $61.71 and its two-hundred day moving average price is $56.22. Toll Brothers has a 12-month low of $39.53 and a 12-month high of $69.22. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 5.44, a PEG ratio of 0.68 and a beta of 1.38. The company has a current ratio of 5.14, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 21st. Shareholders of record on Thursday, April 6th were given a $0.21 dividend. This is a boost from Toll Brothers’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.23%. Toll Brothers’s payout ratio is presently 6.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Credit Suisse Group upped their price objective on shares of Toll Brothers from $63.00 to $73.00 in a research report on Wednesday. Oppenheimer increased their target price on shares of Toll Brothers from $71.00 to $73.00 and gave the company an “outperform” rating in a research report on Friday, February 24th. Royal Bank of Canada raised shares of Toll Brothers from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $55.00 to $77.00 in a research report on Thursday. Raymond James increased their target price on shares of Toll Brothers from $61.00 to $67.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd. Finally, Bank of America raised their price objective on shares of Toll Brothers from $70.00 to $76.00 in a report on Thursday. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Toll Brothers currently has a consensus rating of “Hold” and an average price target of $63.50.

Insider Buying and Selling at Toll Brothers

In related news, Director Christine Garvey sold 2,980 shares of the business’s stock in a transaction dated Wednesday, April 12th. The shares were sold at an average price of $60.13, for a total transaction of $179,187.40. Following the transaction, the director now owns 8,284 shares in the company, valued at $498,116.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $58.69, for a total value of $586,900.00. Following the sale, the director now owns 65,066 shares in the company, valued at $3,818,723.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christine Garvey sold 2,980 shares of the company’s stock in a transaction dated Wednesday, April 12th. The stock was sold at an average price of $60.13, for a total transaction of $179,187.40. Following the completion of the sale, the director now owns 8,284 shares in the company, valued at approximately $498,116.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,105 shares of company stock worth $773,444. 1.79% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Toll Brothers

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dark Forest Capital Management LP bought a new position in shares of Toll Brothers in the first quarter worth approximately $38,000. ICA Group Wealth Management LLC bought a new position in Toll Brothers during the fourth quarter valued at approximately $50,000. Global Wealth Management Investment Advisory Inc. lifted its position in Toll Brothers by 42.1% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 1,350 shares of the construction company’s stock valued at $63,000 after purchasing an additional 400 shares during the period. Covestor Ltd lifted its position in Toll Brothers by 120.5% during the first quarter. Covestor Ltd now owns 1,495 shares of the construction company’s stock valued at $70,000 after purchasing an additional 817 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Toll Brothers during the fourth quarter valued at approximately $80,000. Hedge funds and other institutional investors own 82.74% of the company’s stock.

About Toll Brothers

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Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and caters to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.