The stock of Toll Brothers Inc. (NYSE:TOL) increased by $1.91 on Tuesday to finish at $78.97, up 2.48 percent. The last five days have seen an average of 2,699,340 shares of common stock traded. 31 times new highs were reached in the current year, with a gain of $29.05. The average number of shares traded over the last 20 days was 1,779,295, while the average volume over the last 50 days totaled 1,664,498.
TOL stock dropped -1.69% since last month. On 08/21/23, the company’s shares reached a one-month low of $74.26. The stock touched a high of $83.72 on 07/18/23, after rallying from a low of $39.53 in 52 weeks. The price of TOL stock has risen by 58.19% or $29.05 this year, reaching a new high 31 times. Still, the stock price is down -5.67% from the 52-week high.
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Insider Transactions
TOL stock investors should be aware that Toll Brothers Inc. (TOL) stock had its last reported insider trading activity 47 days ago on Jul 14. On Jul 14, Chief Executive Officer Yearley Douglas C. Jr. sold 20,000 shares at $83.25 each. This transaction resulted in the insider making $1,665,082. On Jul 13, Yearley Douglas C. Jr. sold 50,000 shares at a price of US$81.90. After the transaction, the insider now owns 246,547 shares. Chief Financial Officer Connor Martin P. had earlier sold 4,658 shares on Jul 12 for $81.60 a share. The transaction was completed for $380,097.
Valuation Metrics
Toll Brothers Inc. (TOL) has a trailing price-to-earnings (P/E) ratio of 5.67. Beta for the stock is 1.42. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.81, the price-to-book (PB) ratio of 1.37, and the price-to-cash flow ratio of 10.41.
Company paid $0.21 per share in dividends, remained unchanged from $0.21 last year. A $0.01 dividend increase was reported on Thursday March 9 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending July 30 is 0.44, and the total debt to equity ratio is 0.44. As far as profitability goes, gross margin for the trailing twelve months is 26.20% percent. Toll Brothers Inc.’s EBITDA margin for the year ended July 30 was 15.43%, whereas its operating margin stood at 16.20% for the same period. Based on annual data, it had gross profit of $2.49 billion and revenue of $10.28 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TOL’s return on assets (ROA) during the last 12 months has been 11.00%. There was a 13.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 22.00%.
Earnings Surprise
According to Toll Brothers Inc.’s quarterly financial report for the quarter that ended July 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.51 billion, while revenues rose by 9.15% to $1.78 billion. It was predicted that Toll Brothers Inc.’s quarterly earnings would be $3.73, but it ended up being $2.83, beating the consensus by 31.80%. EBITDA was $490.83 million for the quarter. At the end of Toll Brothers Inc.’s most recent quarter ended July 30, its liabilities totaled 5.55 billion, while its total debt was $2.83 billion. Equity owned by shareholders amounts to $109.34 million.
Technical Picture
Here’s a quick look at Toll Brothers Inc.’s (TOL) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 53.64%, suggesting the stock is Neutral, with a 36.89% historical volatility rate.
The stochastic %K and %D were 42.87% and 42.86% respectively, while the average true range (ATR) was 2.39. Based on the 14-day stochastic reading of 56.88%, the RSI (14) reading is 51.93%. On the 9-day MACD Oscillator, the stock is at 0.68, and the 14-day reading is at -0.42.
Analyst Ratings
In its most recent analyst report, Raymond James raised its rating on Toll Brothers Inc. (NYSE: TOL) to a Strong buy. Prior to this, analysts firm rated the stock as an Outperform. Analysts have assigned Toll Brothers Inc. (TOL) an Overweight rating. TOL is a stock that is recommended for selling by 2 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 11 others recommend it as a buy.
What is TOL’s price target for the next 12 months?
The current consensus forecast for the stock is between $75.00 and $110.00, with a median target price of $94.50. In analyzing these forecasts, the average price target given by analysts for Toll Brothers Inc. (TOL) is $94.00.
