Toll Brothers (NYSE:TOL) Posts Earnings Results, Misses Estimates By $0.24 EPS

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

Toll Brothers Price Performance

Shares of Toll Brothers stock traded down $1.66 during trading on Tuesday, hitting $121.97. 3,484,786 shares of the stock traded hands, compared to its average volume of 1,610,650. The company has a quick ratio of 0.80, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The stock has a market cap 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 firm’s fifty day moving average is $130.51 and its 200-day moving average is $141.86. Toll Brothers has a 52 week low of $100.47 and a 52 week high of $169.52.

Toll Brothers Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently issued reports on TOL shares. Barclays decreased their price objective on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Bank of America decreased their price objective on Toll Brothers from $165.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Wedbush reiterated an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research note on Friday. Finally, Evercore ISI boosted their price objective on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.00.

Insider Activity

In other news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the transaction, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now owns 119,937 shares in the company, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,202 shares of company stock worth $1,947,436. 1.54% of the stock is currently owned by 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.