Toll Brothers (NYSE:TOL) Announces Earnings Results

Toll Brothers (NYSE:TOL) released its earnings results 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 Price Performance

Shares of TOL stock traded down $1.66 during trading hours on Tuesday, reaching $121.97. The company had a trading volume of 3,484,786 shares, compared to its average volume of 1,610,650. Toll Brothers has a 12-month low of $100.47 and a 12-month high of $169.52. The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 1.15 and a beta of 1.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 4.92. The stock has a fifty day moving average of $130.51 and a 200-day moving average of $141.86.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is 6.12%.

Analysts Set New Price Targets

Several research firms have recently commented on TOL. Barclays reduced their price target on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Bank of America lowered their target price on shares of Toll Brothers from $165.00 to $156.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Keefe, Bruyette & Woods downgraded Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $168.00 to $164.00 in a research report on Tuesday, December 10th. Evercore ISI boosted their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.00.

Insiders Place Their Bets

In related news, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction that occurred on Monday, December 16th. The shares were 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 owns 119,937 shares in the company, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the transaction, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. The trade was a 35.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,202 shares of company stock valued at $1,947,436 in the last three months. 1.54% of the stock is currently owned by insiders.

Toll Brothers Company Profile

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.