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Traders Purchase Large Volume of Put Options on Toro (NYSE:TTC)
Defense Worldยท 2025-12-25 08:32
Core Insights - Toro reported a quarterly EPS of $0.91, exceeding analysts' expectations of $0.86 by $0.05, with revenue of $1.07 billion, surpassing the consensus estimate of $1.05 billion [2] - The company announced a quarterly dividend of $0.39 per share, increasing from the previous $0.38, resulting in an annualized dividend of $1.56 and a yield of 2.0% [3][4] - Institutional investors hold 87.95% of Toro's stock, with significant increases in positions from firms like AQR Capital Management and American Century Companies [5] Financial Performance - Toro's revenue for the quarter decreased by 0.9% compared to the same quarter last year, with a net margin of 7.01% and a return on equity of 28.90% [2] - The company has set its FY 2026 EPS guidance at 4.350-4.50, with analysts expecting an average EPS of 4.41 for the current fiscal year [2] Stock Performance - Toro's shares opened at $78.88, with a market capitalization of $7.72 billion, a P/E ratio of 24.88, and a beta of 0.84 [1] - The stock has a 52-week range of $62.34 to $87.46, with a quick ratio of 0.86 and a current ratio of 1.87 [1] Analyst Ratings - Toro has received mixed ratings from analysts, with three buy ratings, four hold ratings, and one sell rating, and a consensus price target of $92.20 [6] - Recent analyst actions include a downgrade from Zacks Research and price target adjustments from DA Davidson and Northland Securities [6] Options Trading Activity - There was a notable increase in options trading, with 1,176 put options purchased, representing a 1,709% increase compared to typical volumes [7] Company Overview - Toro specializes in outdoor equipment for residential, commercial, and professional markets, including lawn mowers, utility vehicles, and irrigation systems [8] - Founded in 1914 and headquartered in Bloomington, Minnesota, Toro has a long history of innovation in the grounds-care industry [9]