FY2024 Earnings Estimate for Toll Brothers Issued By Wedbush

Toll Brothers, Inc. (NYSE:TOL) – Equities research analysts at Wedbush increased their FY2024 earnings estimates for Toll Brothers in a research report issued to clients and investors on Friday, October 25th. Wedbush analyst J. Mccanless now expects that the construction company will earn $13.62 per share for the year, up from their prior forecast of $13.53. Wedbush has a “Outperform” rating and a $175.00 price objective on the stock. The consensus estimate for Toll Brothers’ current full-year earnings is $13.51 per share. Wedbush also issued estimates for Toll Brothers’ Q4 2024 earnings at $4.41 EPS, Q3 2025 earnings at $4.40 EPS and FY2025 earnings at $15.00 EPS.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.73 EPS.

A number of other analysts also recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Citigroup cut their price objective on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Barclays lifted their target price on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, August 22nd. Oppenheimer raised their price objective on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Finally, Evercore ISI boosted their price objective on Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $148.87.

Toll Brothers Trading Down 1.1 %

Shares of Toll Brothers stock opened at $149.02 on Monday. Toll Brothers has a 1 year low of $68.17 and a 1 year high of $160.12. The company’s fifty day simple moving average is $147.92 and its 200-day simple moving average is $131.61. The company has a market cap of $15.30 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 1.19 and a beta of 1.66. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38.

Institutional Investors Weigh In On Toll Brothers

Several hedge funds and other institutional investors have recently made changes to their positions in TOL. Greenhaven Associates Inc. boosted its holdings in Toll Brothers by 1.0% in the second quarter. Greenhaven Associates Inc. now owns 5,565,787 shares of the construction company’s stock valued at $641,067,000 after acquiring an additional 52,893 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Toll Brothers by 34.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $241,380,000 after purchasing an additional 541,140 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Toll Brothers by 81.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after buying an additional 431,160 shares during the period. Marsico Capital Management LLC raised its stake in shares of Toll Brothers by 24.5% during the second quarter. Marsico Capital Management LLC now owns 755,190 shares of the construction company’s stock worth $86,983,000 after buying an additional 148,562 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its holdings in Toll Brothers by 0.9% in the first quarter. Jupiter Asset Management Ltd. now owns 718,809 shares of the construction company’s stock valued at $92,992,000 after buying an additional 6,572 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the transaction, the chief executive officer now owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director John A. Mclean sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the sale, the director now owns 9,944 shares of the company’s stock, valued at $1,502,538.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the transaction, the chief executive officer now owns 346,382 shares of the company’s stock, valued at $51,087,881.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 216,257 shares of company stock valued at $32,602,152. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.62%. Toll Brothers’s dividend payout ratio is 6.28%.

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.