Toll Brothers (NYSE:TOL) Issues Earnings Results

Toll Brothers (NYSE:TOL) issued its quarterly earnings data on Tuesday. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24), Zacks reports. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%.

Toll Brothers Stock Performance

NYSE:TOL traded down $1.66 during trading hours on Tuesday, hitting $121.97. 3,484,786 shares of the company traded hands, compared to its average volume of 1,610,650. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $12.18 billion, a price-to-earnings ratio of 8.12, a P/E/G ratio of 1.15 and a beta of 1.76. The firm has a 50-day moving average of $130.51 and a 200 day moving average of $141.86. Toll Brothers has a twelve month low of $100.47 and a twelve month high of $169.52.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.75%. Toll Brothers’s dividend payout ratio is 6.12%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TOL shares. Royal Bank of Canada upped their target price on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Evercore ISI upped their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. UBS Group lowered their price target on Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Bank of America decreased their price objective on Toll Brothers from $165.00 to $156.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Finally, Wedbush restated an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research note on Friday. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Insider Transactions at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the transaction, the director now directly owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now directly owns 7,728 shares of the company’s stock, valued at $972,027.84. This represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,202 shares of company stock worth $1,947,436. 1.54% of the stock is currently owned by company 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.