Toll Brothers Inc. (NYSE: TOL) stock jumped 2.10% on Wednesday to $65.09 against a previous-day closing price of $63.75. With 3.36 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.4 million shares. During the session, the Residential Construction company that operates in wider Consumer Cyclical sector, reached to the highest price of $66.20 whereas the lowest price it dropped to was $64.40. The 52-week range on TOL shows that it touched its highest point at $67.54 and its lowest point at $39.53 during that stretch. It currently has a 1-year price target of $65.55. With its current market cap of 7.33 billion, TOL has annualized dividend of $0.84 while the current yield stands at 1.29%. Beta for the stock currently stands at 1.38.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TOL was down-trending over the past week, with a drop of -1.12%, but this was up by 4.73% over a month. Three-month performance surged to 10.55% while six-month performance rose 44.52%. The stock gained 39.29% in the past year, while it has gained 30.39% so far this year. A look at the trailing 12-month EPS for TOL yields 11.54 with Next year EPS estimates of 7.74. For the next quarter, that number is 2.17. This implies an EPS growth rate of 64.60% for this year and -11.66% for next year. EPS is expected to grow by 3.57% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 28.00%.
Float and Shares Shorts:
At present, 111.40 million TOL shares are outstanding with a float of 105.30 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.25 million, which was 2.94% higher than short shares on Mar 30, 2023. In addition to Mr. Douglas C. Yearley Jr. as the firm’s Chairman & CEO, Mr. Robert Parahus serves as its Pres & COO.
Through their ownership of 93.96% of TOL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 52.58% of TOL, in contrast to 39.80% held by mutual funds. Shares owned by individuals account for 11.09%. As the largest shareholder in TOL with 10.35% of the stake, The Vanguard Group, Inc. holds 11,463,008 shares worth 11,463,008. A second-largest stockholder of TOL, BlackRock Fund Advisors, holds 9,326,426 shares, controlling over 8.42% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in TOL, holding 7,432,690 shares or 6.71% stake. With a 4.25% stake in TOL, the American Funds Fundamental Invest is the largest stakeholder. A total of 4,704,717 shares are owned by the mutual fund manager. The American Funds Small Cap World Fu, which owns about 3.50% of TOL stock, is the second-largest Mutual Fund holder. It holds 3,876,920 shares valued at 247.77 million. Vanguard Total Stock Market ETF holds 2.95% of the stake in TOL, owning 3,264,076 shares worth 208.61 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Apr 29, 2023, TOL reported revenue of $2.28B and operating income of $281.66M. The EBITDA in the recently reported quarter was $281.66M and diluted EPS was $1.85.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TOL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TOL analysts setting a high price target of $87.00 and a low target of $50.00, the average target price over the next 12 months is $67.46. Based on these targets, TOL could surge 33.66% to reach the target high and fall by -23.18% to reach the target low. Reaching the average price target will result in a growth of 3.64% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded TOL stock several times over the past three months with 0 Buys and 6 Sells. In these transactions, 0 shares were bought while 20,139 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has risen to 28 over the past year. The total number of shares bought during that period was 429,513 while 320,478 shares were sold.