Toll Brothers (NYSE:TOL) Announces Quarterly Earnings Results

Toll Brothers (NYSE:TOL) posted its earnings results on Monday. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.29, Briefing.com reports. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the company earned $4.11 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year.

Toll Brothers Stock Down 7.0 %

TOL stock opened at $145.59 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The business’s 50-day simple moving average is $153.92 and its 200 day simple moving average is $139.06. The company has a market cap of $14.70 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 1.16 and a beta of 1.69. Toll Brothers has a twelve month low of $91.92 and a twelve month high of $169.52.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.34%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TOL shares. Wells Fargo & Company raised their target price on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. StockNews.com lowered Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Keefe, Bruyette & Woods lowered Toll Brothers from an “outperform” rating to a “market perform” rating and cut their target price for the company from $168.00 to $164.00 in a report on Tuesday. Bank of America lifted their price objective on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Finally, Royal Bank of Canada lifted their price objective on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus target price of $150.33.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the sale, the chief executive officer now directly owns 246,382 shares of the company’s stock, valued at approximately $38,068,482.82. The trade was a 16.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John A. Mclean sold 1,000 shares of Toll Brothers stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the sale, the director now directly owns 9,944 shares in the company, valued at $1,502,538.40. The trade was a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 106,000 shares of company stock valued at $16,435,800. 1.54% of the stock is currently owned by corporate insiders.

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.