Key Points
- Director Stephen East sold 800 Toll Brothers shares at an average price of $135.99, generating $108,792 and reducing his ownership by 5.95% to 12,642 shares.
- Toll Brothers beat quarterly earnings expectations with $2.97 in EPS and $2.66 billion in revenue, though revenue fell 9.7% year over year and EPS declined from $3.73.
- The company declared a quarterly dividend of $0.26 per share, equivalent to an annualized $1.04 payout and a 0.8% yield. Analysts maintain a “Moderate Buy” consensus with a $166.93 target price.
Toll Brothers Inc. (NYSE:TOL - Get Free Report) Director Stephen East sold 800 shares of the stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $135.99, for a total transaction of $108,792.00. Following the completion of the sale, the director owned 12,642 shares in the company, valued at approximately $1,719,185.58. This trade represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Toll Brothers Trading Up 0.9%
Shares of NYSE TOL opened at $137.19 on Friday. Toll Brothers Inc. has a twelve month low of $123.14 and a twelve month high of $168.36. The stock has a market cap of $12.64 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 1.10 and a beta of 1.34. The company has a quick ratio of 0.55, a current ratio of 4.53 and a debt-to-equity ratio of 0.32. The company's fifty day moving average is $144.21 and its 200-day moving average is $143.39.
Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, beating analysts' consensus estimates of $2.93 by $0.04. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The business had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.62 billion. During the same quarter in the prior year, the company earned $3.73 EPS. The firm's quarterly revenue was down 9.7% on a year-over-year basis. Equities research analysts predict that Toll Brothers Inc. will post 12.81 EPS for the current year.
Toll Brothers Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, October 9th. Toll Brothers's payout ratio is presently 8.35%.
Institutional Trading of Toll Brothers
Several hedge funds and other institutional investors have recently modified their holdings of the company. Hilton Head Capital Partners LLC lifted its holdings in shares of Toll Brothers by 65.5% in the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company's stock valued at $26,000 after purchasing an additional 74 shares in the last quarter. Continuum Advisory LLC acquired a new position in shares of Toll Brothers during the second quarter worth about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Toll Brothers during the second quarter worth about $35,000. Compass Financial Management LLC bought a new position in shares of Toll Brothers during the second quarter worth about $51,000. Finally, Root Financial Partners LLC raised its position in Toll Brothers by 21.9% in 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 during the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on TOL shares. BTIG Research started coverage on Toll Brothers in a report on Tuesday, June 9th. They issued a "buy" rating for the company. Oppenheimer lowered Toll Brothers from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 9th. Benchmark began coverage on Toll Brothers in a research note on Tuesday, June 9th. They set a "buy" rating for the company. Truist Financial increased their target price on Toll Brothers from $165.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. Finally, Barclays raised their target price on shares of Toll Brothers from $115.00 to $122.00 and gave the stock an "underweight" rating in a report on Tuesday, July 14th. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $166.93.
Check Out Our Latest Analysis on Toll Brothers
About Toll Brothers
(
Get Free Report)
Toll Brothers, Inc is a luxury homebuilding company that designs, constructs, markets and sells residential properties in the United States. The company develops communities featuring single-family detached homes, townhomes and condominiums, as well as active-adult communities and urban high-rise residences. Its offerings generally target move-up, luxury and resort-style homebuyers, with homes available in a range of designs, locations and customization options.
Through related operations, Toll Brothers also provides mortgage financing, title and settlement services, homeowners insurance and other services that support the home purchase process.
Further Reading
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