Toll Brothers, Inc. (NYSE:TOL – Get Rating) – Investment analysts at Oppenheimer increased their Q2 2023 earnings per share estimates for Toll Brothers in a research note issued on Thursday, February 23rd. Oppenheimer analyst T. Batory now anticipates that the construction company will post earnings per share of $1.88 for the quarter, up from their previous estimate of $1.74. Oppenheimer has a "Outperform" rating and a $73.00 price target on the stock. The consensus estimate for Toll Brothers" current full-year earnings is $8.61 per share. Oppenheimer also issued estimates for Toll Brothers" Q3 2023 earnings at $2.10 EPS, Q4 2023 earnings at $2.87 EPS and FY2023 earnings at $8.56 EPS.
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Other equities analysts have also issued research reports about the company. StockNews.com raised Toll Brothers from a "hold" rating to a "buy" rating in a research note on Thursday, January 5th. Barclays boosted their price objective on Toll Brothers from $47.00 to $50.00 and gave the company an "underweight" rating in a report on Thursday, December 8th. Seaport Res Ptn restated a "neutral" rating on shares of Toll Brothers in a report on Friday, December 9th. Evercore ISI upped their price target on Toll Brothers to $63.00 in a report on Monday, December 12th. Finally, UBS Group increased their price objective on Toll Brothers from $65.00 to $73.00 and gave the company a "buy" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company"s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $59.00.
Toll Brothers Stock Performance
NYSE TOL opened at $58.33 on Monday. The stock"s fifty day moving average is $55.53 and its two-hundred day moving average is $48.79. The firm has a market capitalization of $6.45 billion, a P/E ratio of 5.06, a price-to-earnings-growth ratio of 0.62 and a beta of 1.40. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 5.59. Toll Brothers has a fifty-two week low of $39.53 and a fifty-two week high of $63.19.
Toll Brothers (NYSE:TOL – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The construction company reported $1.70 EPS for the quarter, beating analysts" consensus estimates of $1.37 by $0.33. The business had revenue of $1.78 billion during the quarter, compared to analysts" expectations of $1.74 billion. Toll Brothers had a return on equity of 21.02% and a net margin of 12.92%. The business"s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 earnings per share.
Institutional Investors Weigh In On Toll Brothers
Institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its holdings in shares of Toll Brothers by 70.0% in the second quarter. Quadrant Capital Group LLC now owns 634 shares of the construction company"s stock valued at $28,000 after buying an additional 261 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Toll Brothers by 67.2% in the second quarter. Fifth Third Bancorp now owns 764 shares of the construction company"s stock worth $34,000 after purchasing an additional 307 shares in the last quarter. Glassy Mountain Advisors Inc. bought a new stake in Toll Brothers in the fourth quarter worth $37,000. Eagle Bay Advisors LLC bought a new stake in Toll Brothers in the second quarter worth $40,000. Finally, Private Trust Co. NA bought a new stake in Toll Brothers during the second quarter valued at about $42,000. 82.74% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Toll Brothers
In other news, CEO Douglas C. Jr. Yearley sold 1,359 shares of Toll Brothers stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of $49.82, for a total transaction of $67,705.38. Following the sale, the chief executive officer now directly owns 159,919 shares of the company"s stock, valued at $7,967,164.58. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Douglas C. Jr. Yearley sold 1,359 shares of the business"s stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of $49.82, for a total value of $67,705.38. Following the completion of the sale, the chief executive officer now directly owns 159,919 shares of the company"s stock, valued at $7,967,164.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul E. Shapiro sold 3,706 shares of the company"s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $49.59, for a total value of $183,780.54. Following the transaction, the director now directly owns 133,387 shares of the company"s stock, valued at $6,614,661.33. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,765 shares of company stock valued at $4,682,351. 1.79% of the stock is currently owned by insiders.
Toll Brothers Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, January 20th. Stockholders of record on Friday, January 6th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Thursday, January 5th. Toll Brothers"s payout ratio is 6.94%.
Toll Brothers Company Profile
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Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and caters to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.
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