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. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living. In addition, the company develops, owns, and operates golf courses and country clubs; develops and sells land; and develops, operates, and rents apartments, as well as provides various interior fit-out options, such as flooring, wall tile, plumbing, cabinets, fixtures, appliances, lighting, and home-automation and security technologies. Further, it owns and operates architectural, engineering, mortgage, title, insurance, smart home technology, landscaping, lumber distribution, house component assembly, and manufacturing operations. The company serves move-up, empty-nester, active-adult, and second-home buyers. It has a strategic partnership with Equity Residential to develop new rental apartment communities in the United States markets. The company was founded in 1967 and is headquartered in Fort Washington, Pennsylvania.
Analyst Upgrades and Downgrades
Several analysts have issued reports on TOL shares. Wedbush reduced their price target on shares of Toll Brothers from $73.00 to $62.00 and set a "neutral" rating on the stock in a report on Thursday, May 26th. Raymond James lowered their target price on shares of Toll Brothers from $82.00 to $75.00 in a research note on Tuesday, May 31st. UBS Group reduced their target price on Toll Brothers from $74.00 to $59.00 and set a "buy" rating on the stock in a research report on Thursday, June 16th. Royal Bank of Canada dropped their price objective on Toll Brothers from $67.00 to $53.00 in a report on Thursday, May 26th. Finally, JPMorgan Chase & Co. lowered their price target on Toll Brothers from $53.50 to $48.00 and set a "neutral" rating for the company in a research report on Tuesday, July 12th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $55.42.
Toll Brothers Stock Down 0.4 %
Toll Brothers stock traded down $0.22 during midday trading on Tuesday, hitting $49.49. 1,318,229 shares of the company were exchanged, compared to its average volume of 1,751,618. The company has a debt-to-equity ratio of 0.61, a current ratio of 5.01 and a quick ratio of 0.62. Toll Brothers has a fifty-two week low of $40.19 and a fifty-two week high of $75.61. The company's fifty day moving average price is $47.05 and its 200-day moving average price is $49.05. The company has a market cap of $5.69 billion, a PE ratio of 6.20, a price-to-earnings-growth ratio of 0.92 and a beta of 1.47.
Toll Brothers (NYSE:TOL - Get Rating) last announced its earnings results on Tuesday, May 24th. The construction company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.39. Toll Brothers had a net margin of 10.48% and a return on equity of 18.61%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. The business's quarterly revenue was up 18.0% compared to the same quarter last year. On average, research analysts predict that Toll Brothers will post 10.16 EPS for the current fiscal year.
Toll Brothers Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Friday, July 8th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Thursday, July 7th. Toll Brothers's dividend payout ratio (DPR) is 10.03%.