Key Points
- Toll Brothers COO Robert Parahus sold 7,500 shares on June 18 at an average price of $149.66, totaling about $1.12 million. After the sale, he still held 23,457 shares, a 24.23% reduction in his position.
- The company recently reported strong quarterly results, with EPS of $2.72 topping analyst estimates of $2.58 and revenue of $2.53 billion above expectations. However, revenue was still down 7.6% from a year earlier.
- Toll Brothers announced a quarterly dividend of $0.26 per share, payable July 24 to shareholders of record on July 10. That works out to an annualized dividend of $1.04 per share, with a yield of about 0.7%.
Toll Brothers Inc. (NYSE:TOL - Get Free Report) COO Robert Parahus sold 7,500 shares of the firm's stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total value of $1,122,450.00. Following the transaction, the chief operating officer owned 23,457 shares of the company's stock, valued at $3,510,574.62. This represents a 24.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Toll Brothers Stock Performance
NYSE:TOL opened at $151.70 on Tuesday. The company has a market cap of $14.18 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.29 and a beta of 1.36. Toll Brothers Inc. has a 1 year low of $107.23 and a 1 year high of $168.36. The stock's 50 day simple moving average is $140.87 and its two-hundred day simple moving average is $143.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59.
Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, beating analysts' consensus estimates of $2.58 by $0.14. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the company earned $3.50 EPS. The company's quarterly revenue was down 7.6% compared to the same quarter last year. As a group, equities analysts anticipate that Toll Brothers Inc. will post 12.68 earnings per share for the current fiscal year.
Toll Brothers Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Toll Brothers's dividend payout ratio is presently 7.87%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Toll Brothers by 2,067.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company's stock valued at $446,756,000 after acquiring an additional 3,151,509 shares during the period. Capital World Investors boosted its stake in shares of Toll Brothers by 51.5% during the 3rd quarter. Capital World Investors now owns 5,187,673 shares of the construction company's stock worth $716,625,000 after purchasing an additional 1,763,211 shares during the period. Norges Bank bought a new position in Toll Brothers during the 4th quarter valued at about $168,312,000. Holocene Advisors LP grew its holdings in Toll Brothers by 78.0% during the 3rd quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company's stock valued at $307,263,000 after purchasing an additional 974,567 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Toll Brothers by 209.8% in the 3rd quarter. Victory Capital Management Inc. now owns 917,184 shares of the construction company's stock worth $126,700,000 after purchasing an additional 621,117 shares during the period. Institutional investors own 91.76% of the company's stock.
Wall Street Analyst Weigh In
TOL has been the topic of a number of research reports. Piper Sandler downgraded shares of Toll Brothers from an "overweight" rating to a "neutral" rating in a report on Tuesday, June 9th. BTIG Research began coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They issued a "buy" rating for the company. Argus set a $170.00 price target on Toll Brothers in a research report on Tuesday, June 2nd. Citigroup assumed coverage on Toll Brothers in a research note on Tuesday, June 9th. They set an "outperform" rating on the stock. Finally, UBS Group raised Toll Brothers from a "buy" rating to a "buy" rating in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.56.
Get Our Latest Report on Toll Brothers
Toll Brothers Company Profile
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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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