Toll Brothers (NYSE:TOL) Shares Gap Up to $45.04

Shares of Toll Brothers, Inc. (NYSE:TOLGet Rating) gapped up prior to trading on Tuesday . The stock had previously closed at $45.04, but opened at $46.39. Toll Brothers shares last traded at $45.70, with a volume of 20,222 shares traded.

Analyst Upgrades and Downgrades

TOL has been the topic of several research reports. Citigroup lifted their target price on Toll Brothers to $47.00 in a report on Thursday, October 13th. KeyCorp raised Toll Brothers from an “underweight” rating to a “sector weight” rating in a report on Monday, September 19th. JPMorgan Chase & Co. raised Toll Brothers from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $47.00 to $58.00 in a report on Tuesday. StockNews.com initiated coverage on Toll Brothers in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Bank of America lowered Toll Brothers from a “buy” rating to a “neutral” rating and set a $49.00 price target for the company. in a research report on Thursday, August 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.75.

Toll Brothers Stock Up 2.6 %

The company has a 50-day simple moving average of $43.54 and a 200-day simple moving average of $45.75. The firm has a market cap of $5.35 billion, a PE ratio of 5.58 and a beta of 1.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.99 and a quick ratio of 0.48.

Toll Brothers (NYSE:TOLGet Rating) last announced its earnings results on Tuesday, August 23rd. The construction company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.05. Toll Brothers had a return on equity of 18.93% and a net margin of 10.62%. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the business earned $1.87 earnings per share. Analysts expect that Toll Brothers, Inc. will post 9.31 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 21st. Shareholders of record on Friday, October 7th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, October 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.70%. Toll Brothers’s dividend payout ratio (DPR) is presently 9.46%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Carl B. Marbach sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 11th. The stock was sold at an average price of $44.60, for a total transaction of $44,600.00. Following the completion of the transaction, the director now owns 71,155 shares in the company, valued at $3,173,513. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.28% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Los Angeles Capital Management LLC boosted its holdings in shares of Toll Brothers by 472.4% in the first quarter. Los Angeles Capital Management LLC now owns 1,676,724 shares of the construction company’s stock valued at $78,840,000 after purchasing an additional 1,383,812 shares during the period. Balyasny Asset Management LLC boosted its holdings in shares of Toll Brothers by 11,994.2% in the third quarter. Balyasny Asset Management LLC now owns 1,057,878 shares of the construction company’s stock valued at $44,430,000 after purchasing an additional 1,049,131 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Toll Brothers by 9.1% in the first quarter. Vanguard Group Inc. now owns 11,623,797 shares of the construction company’s stock valued at $546,551,000 after purchasing an additional 968,528 shares during the period. Ceredex Value Advisors LLC boosted its holdings in shares of Toll Brothers by 106.1% in the third quarter. Ceredex Value Advisors LLC now owns 1,665,339 shares of the construction company’s stock valued at $69,944,000 after purchasing an additional 857,481 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in shares of Toll Brothers by 164.7% in the first quarter. Prudential Financial Inc. now owns 1,274,947 shares of the construction company’s stock valued at $59,949,000 after purchasing an additional 793,239 shares during the period. Hedge funds and other institutional investors own 85.37% of the company’s stock.

About Toll Brothers

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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. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living.

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