|Bid||0.00 x 800|
|Ask||0.00 x 1400|
|Day's Range||38.99 - 39.42|
|52 Week Range||28.68 - 41.70|
|Beta (3Y Monthly)||0.68|
|PE Ratio (TTM)||8.27|
|Earnings Date||Dec 2, 2019 - Dec 6, 2019|
|Forward Dividend & Yield||0.44 (1.12%)|
|1y Target Est||38.17|
Stocks are flirting with record highs, and investors will be monitoring this week's consumer confidence data and Nike earnings.
Toll Brothers Inc., a high-profile national builder, is planning to develop 93 luxury homes in the southeast Valley. Pennsylvania-based Toll Brothers paid $5.1 million for 44.3 acres in Queen Creek on which to build the homes. Called Caleda, the project is east of the northeast corner of Ellsworth and Cloud roads in Queen Creek, said Ryan Willis, broker with Mesa-based Willis Property Co., who brokered the transaction.
Toll Brothers (TOL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The SPDR S&P Homebuilders exchange-traded fund (XHB), which also includes companies that supply building-products and home-furnishing, has outperformed the broader market, rising 34% this year versus the S&P 500’s 19.5% return. D.R. Horton Inc. (DHI) and Beazer Homes USA Inc. (BZH) have gained well over 40%, while LGI Homes (LGIH) is up near 80% and KB Home (KBH) has advanced 63% in 2019. The Fed further bolstered the rate-sensitive industry on Wednesday, at least for the short term, by announcing more rate cuts.
When it is completed in the autumn of next year, the two-tower structure will become US luxury homebuilder Toll Brothers’ 27th finished property in the New York City area. It is being financed in part by debt lapped up by yield-starved investors amid a global rally for bonds — which has driven Toll Brothers’ cost of borrowing to its lowest level for more than a decade. Last week the Horsham, Pennsylvania-based company sold a $400m 10-year bond with a coupon of just 3.8 per cent, joining a tiny club of companies that has managed to sell what are traditionally called high-yield bonds, also known as “junk” bonds, below 4 per cent.
Shares of construction stock Toll Brothers (NYSE:TOL) broke out to the upside yesterday as construction stocks continue to head higher. TOL stock made a new recent high and broke past the $39 resistance level. Toll Brothers stock now sits at the highest price since June 2018.Source: Shutterstock TOL stock also saw unusual call buying with the highest option volume of the year. Whether or not the breakout will be bonafide remains to be seen, especially given that TOL has been up five days in a row. Time to take a guardedly bullish stance in TOL stock.Toll Brothers stock is still cheap on both a comparative and absolute basis. The current P/E sits at just 9.9, roughly half of the five-year average 17.1. It is also well below the 19.5 P/E ratio for the S&P 500.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Momentum Stocks to Buy On the Dip Other valuation metrics, such as price/sales, price/book and price/cash flow, are at similarly attractive levels. Price/sales is hovering just above the cheapest levels of the past ten years. TOL stock is looking like a relative bargain even after the recent rally.TOL stock, however, has become extremely overbought on many technical levels. Nine -day RSI is well over 80 and at the highest reading of the past year. Previous instances when nine-day RSI breached 80 proved to mark significant intermediate term tops in Toll Brothers stock.MACD is fast-nearing an extreme as well. Bollinger Percent B just blew past 1, yet another sign that buying may be getting out of hand. TOL stock is now trading at by far the biggest premium to the 20-day moving average over the past year. Prior premiums of this magnitude were invariably met with a pullback.Most importantly, TOL stock pulled back well off the intra-day highs yesterday. Shares traded all the way up to new yearly high at $41.70 only to reverse and close down nearly $1.00 from those highs at $40.76. This type of reversal pattern is many times emblematic of a short-term top.Buyers have become exhausted and the sellers are in control. It is even more powerful given the magnitude of the previous rally and since TOL stock failed to hold on to yearly highs.The options market, though, seems to feel the rally will continue. Yesterday saw enormous unusual call volume in the October $41 calls. Over 24,000 contracts traded compared to just 11 contracts of open interest. The 24,000 contracts could potentially equate to a buy of 2.4 million shares of TOL stock. This big buyer also lifted implied volatility from 24.50 to nearly 30, meaning option prices became much more expensive.This sets up ideally for a covered call trade in Toll Brothers stock. One can follow along with the big call buyer in a bullish manner by going long 100 TOL stock to play the breakout and attractive valuations. At the same time, one could give credence to the overbought technicals by reducing risk and capturing rich option premium by selling the October $41 calls. The overall cost for the trade would be around $39.40 based on the closing prices.The covered call trade would be 51 deltas net long -- or the equivalent of 51 shares of Toll Brothers stock. Essentially the trade cuts the risk in half while still allowing for decent upside.Ideally TOL stock closed above $41 at October expiration to realize the maximum profit of $1.60 or approximately 4% in 32 days. If Toll Brothers stock closes below $41 addtional call options can be sold against the stock to further reduce the risk and bring in more premium.Tim may hold some of the aforementioned securities in one or more of his newsletters. Anyone interested in finding out more about Tim and his option-based strategies can go to https://marketfy.com/item/options-and-volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Taking Advantage of an Unusual Covered Call Opportunity in TOL Stock appeared first on InvestorPlace.
On CNBC's "Fast Money Halftime Report," Pete Najarian spoke about unusually high options activity in iShares China Large-Cap ETF (NYSE: FXI ) and DISH Network Corp (NASDAQ: DISH ). He said options ...
CEO of Toll Brothers Inc (30-Year Financial, Insider Trades) Douglas C. Jr. Yearley (insider trades) sold 46,875 shares of TOL on 09/12/2019 at an average price of $38.3 a share. Continue reading...
Toll Brothers will build its first active adult community for people ages 55 and older after buying land in Palm Beach Gardens. This will be the third community by Toll Brothers in the master-planned Avenir community. Soon after, it announced plans for the 119-home Windgate at Avenir and the 98-home Watermark at Avenir.
Toll Brothers, Inc., (TOL) (www.tollbrothers.com), the nation’s leading builder of luxury homes, today announced its expansion into the Charleston, Greenville, and Myrtle Beach, South Carolina markets through the acquisition of Sabal Homes, one of the top private home building companies in South Carolina. Sabal Homes was founded in 2005 by Matt Jones, Jason Simpson, and Todd Ussery and has built over 1,375 new homes in South Carolina since inception.
Inc. (the “Company” or “we”) (TOL) (www.tollbrothers.com), announced today that it has priced an underwritten public offering (the “Offering”) of $400 million of 3.800% Senior Notes due 2029 (the “Notes”) issued by Toll Brothers Finance Corp., a wholly-owned subsidiary of the Company. The Company expects to use the net proceeds from the Offering for general corporate purposes, which may include repayment of indebtedness. BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, PNC Capital Markets LLC, SunTrust Robinson Humphrey, Inc., Wells Fargo Securities, LLC and SMBC Nikko Securities America, Inc. are acting as Joint Book-Running Managers in the Offering.
Moody's Investors Service assigned a Ba1 rating to Toll Brothers Finance Corp.'s proposed $350 million of senior unsecured notes due 2029. All other ratings of Toll Brothers, Inc. ("Toll") (Ba1 Corporate Family Rating, Ba1-PD Probability of Default Rating, SGL-2 Speculative Grade Liquidity Rating), and of Toll Brothers Finance Corp. (Ba1 rating on existing senior unsecured notes) remain unchanged.
Low-cost index funds make it easy to achieve average market returns. But in any diversified portfolio of stocks...
Home buyers can take advantage of exceptional savings on Toll Brothers homes for a limited time during the National Sales Event. Toll Brothers’ award-winning in-house architectural design team has developed a wide selection of floor plan layouts and options so that buyers can truly make their new home their own.
Declining mortgage rates and solid economic fundamentals are expected to boost housing demand. In this context, let us analyze whether KB Home (KBH) or Meritage Homes (MTH) is a better pick.
On 31 July 2019, Toll Brothers, Inc. (NYSE:TOL) released its most recent earnings update. Generally, analyst consensus...
Wells Fargo downgraded its rating on Toll Brothers stock, seeing few drivers to push shares higher in the near term.
Toll Brothers, an entry-level luxury homebuilder, spiked above 39.68 flat-base buy point Monday. Homebuilders and other housing-related stocks have done well recently, but generally weren't big movers Monday.