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

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

Toll Brothers Stock Performance

Shares of TOL stock opened at $68.13 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 5.14. The company has a market capitalization of $7.54 billion, a P/E ratio of 5.44, a price-to-earnings-growth ratio of 0.68 and a beta of 1.38. The company’s 50 day moving average price is $61.71 and its two-hundred day moving average price is $56.22. Toll Brothers has a 52 week low of $39.53 and a 52 week high of $69.22.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 21st. Shareholders of record on Thursday, April 6th were issued a dividend of $0.21 per share. This is an increase from Toll Brothers’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 1.23%. The ex-dividend date was Wednesday, April 5th. Toll Brothers’s dividend payout ratio (DPR) is 6.70%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Raymond James upped 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. StockNews.com lowered Toll Brothers from a “buy” rating to a “hold” rating in a research note on Saturday, May 20th. UBS Group raised their target price on Toll Brothers from $65.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, February 23rd. Bank of America boosted their target price on Toll Brothers from $70.00 to $76.00 in a research report on Thursday. Finally, Zelman & Associates upgraded Toll Brothers from a “hold” rating to a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $63.50.

Insiders Place Their Bets

In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $58.69, for a total transaction of $586,900.00. Following the sale, the director now directly owns 65,066 shares in the company, valued at approximately $3,818,723.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Carl B. Marbach sold 10,000 shares of the stock in a transaction on Monday, February 27th. The shares were sold at an average price of $58.69, for a total transaction of $586,900.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christine Garvey sold 2,980 shares of the stock in a transaction on Wednesday, April 12th. The stock was 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 of the company’s stock, valued at approximately $498,116.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,105 shares of company stock worth $773,444. Company insiders own 1.79% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Dark Forest Capital Management LP bought a new position in Toll Brothers in the first quarter valued at approximately $38,000. ICA Group Wealth Management LLC acquired a new position in shares of Toll Brothers during the 4th quarter worth about $50,000. Global Wealth Management Investment Advisory Inc. increased its stake in shares of Toll Brothers by 42.1% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 1,350 shares of the construction company’s stock worth $63,000 after purchasing an additional 400 shares during the last quarter. Covestor Ltd increased its stake in shares of Toll Brothers by 120.5% during the 1st quarter. Covestor Ltd now owns 1,495 shares of the construction company’s stock worth $70,000 after purchasing an additional 817 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Toll Brothers during the 4th quarter worth about $80,000. 82.74% of the stock is currently owned by institutional investors.

About Toll Brothers

(Get Rating)

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.