Key Points
- Director Stephen East sold 1,000 Toll Brothers shares on April 15 at an average price of $139.70 for $139,700, trimming his stake by 6.92% to 13,442 shares (about $1.88M).
- Toll Brothers beat the recent quarterly estimates with $2.19 EPS and $2.15B revenue, raised its quarterly dividend to $0.26 (annualized $1.04, ~0.7% yield), and analysts have been raising targets—consensus is a Moderate Buy with an average target of $164.44.
Toll Brothers Inc. (NYSE:TOL - Get Free Report) Director Stephen East sold 1,000 shares of the firm's stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total value of $139,700.00. Following the transaction, the director owned 13,442 shares in the company, valued at approximately $1,877,847.40. This trade represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Toll Brothers Price Performance
Shares of NYSE:TOL opened at $138.89 on Friday. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. The stock's fifty day simple moving average is $146.46 and its two-hundred day simple moving average is $141.03. Toll Brothers Inc. has a 1-year low of $90.78 and a 1-year high of $168.36. The stock has a market cap of $13.15 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 1.09 and a beta of 1.49.
Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The construction company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.14. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The business had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same period last year, the business earned $1.75 EPS. The business's revenue was up 15.4% on a year-over-year basis. As a group, analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.
Toll Brothers Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be paid a dividend of $0.26 per share. This is a boost from Toll Brothers's previous quarterly dividend of $0.25. The ex-dividend date is Friday, April 10th. This represents a $1.04 annualized dividend and a yield of 0.7%. Toll Brothers's dividend payout ratio (DPR) is 7.43%.
Analysts Set New Price Targets
TOL has been the topic of a number of recent analyst reports. Evercore upgraded Toll Brothers from an "in-line" rating to an "outperform" rating and set a $176.00 target price on the stock in a research note on Monday. Keefe, Bruyette & Woods lifted their target price on Toll Brothers from $143.00 to $170.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 25th. The Goldman Sachs Group lifted their target price on Toll Brothers from $140.00 to $156.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 13th. Wells Fargo & Company lifted their target price on Toll Brothers from $170.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday, February 19th. Finally, Zacks Research upgraded Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $164.44.
View Our Latest Analysis on Toll Brothers
Institutional Investors Weigh In On Toll Brothers
Several large investors have recently added to or reduced their stakes in TOL. Western Wealth Management LLC grew its holdings in Toll Brothers by 2.6% during the 4th quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company's stock valued at $359,000 after buying an additional 68 shares in the last quarter. Root Financial Partners LLC grew its holdings in Toll Brothers by 21.9% during the 4th quarter. Root Financial Partners LLC now owns 389 shares of the construction company's stock valued at $53,000 after buying an additional 70 shares in the last quarter. Merit Financial Group LLC grew its holdings in Toll Brothers by 0.4% during the 4th quarter. Merit Financial Group LLC now owns 20,568 shares of the construction company's stock valued at $2,781,000 after buying an additional 72 shares in the last quarter. IFP Advisors Inc grew its holdings in Toll Brothers by 2.4% during the 4th quarter. IFP Advisors Inc now owns 3,200 shares of the construction company's stock valued at $433,000 after buying an additional 74 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC grew its holdings in Toll Brothers by 0.3% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 26,685 shares of the construction company's stock valued at $3,633,000 after buying an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.
Toll Brothers Company Profile
(
Get Free Report)
Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company's core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.
In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.
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