Toll Brothers (NYSE:TOL) Hits New 1-Year High at $128.43

Toll Brothers, Inc. (NYSE:TOLGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $128.43 and last traded at $128.22, with a volume of 29526 shares trading hands. The stock had previously closed at $127.42.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TOL shares. Barclays lifted their price target on shares of Toll Brothers from $95.00 to $115.00 and gave the company an “underweight” rating in a report on Monday, February 26th. Wolfe Research upgraded shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 target price on the stock in a research report on Monday, January 8th. UBS Group upped their target price on shares of Toll Brothers from $96.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. StockNews.com upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Finally, Wedbush restated a “neutral” rating and set a $87.00 target price on shares of Toll Brothers in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.27.

Check Out Our Latest Stock Analysis on Toll Brothers

Toll Brothers Price Performance

The company has a market capitalization of $13.48 billion, a P/E ratio of 10.00, a P/E/G ratio of 1.08 and a beta of 1.65. The firm’s fifty day moving average is $111.19 and its 200 day moving average is $94.29. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95.

Toll Brothers (NYSE:TOLGet Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.77 by $0.48. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 EPS. As a group, analysts predict that Toll Brothers, Inc. will post 13.73 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be paid a $0.23 dividend. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Thursday, April 4th. Toll Brothers’s dividend payout ratio is currently 6.49%.

Insiders Place Their Bets

In other Toll Brothers news, Director Paul E. Shapiro sold 10,000 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $99.70, for a total value of $997,000.00. Following the transaction, the director now directly owns 119,704 shares in the company, valued at approximately $11,934,488.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.85, for a total value of $5,942,500.00. Following the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $41,167,500.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 10,000 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $99.70, for a total transaction of $997,000.00. Following the completion of the transaction, the director now owns 119,704 shares in the company, valued at $11,934,488.80. The disclosure for this sale can be found here. Insiders have sold 75,000 shares of company stock worth $8,699,950 in the last three months. Corporate insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Several hedge funds have recently modified their holdings of TOL. Millennium Management LLC lifted its position in shares of Toll Brothers by 271.6% in the 4th quarter. Millennium Management LLC now owns 3,096,331 shares of the construction company’s stock worth $154,569,000 after purchasing an additional 2,263,039 shares during the period. Norges Bank purchased a new stake in shares of Toll Brothers in the 4th quarter worth approximately $128,982,000. Vanguard Group Inc. lifted its position in shares of Toll Brothers by 9.1% in the 1st quarter. Vanguard Group Inc. now owns 11,623,797 shares of the construction company’s stock worth $546,551,000 after purchasing an additional 968,528 shares during the period. Prudential Financial Inc. lifted its position in shares of Toll Brothers by 164.7% in the 1st quarter. Prudential Financial Inc. now owns 1,274,947 shares of the construction company’s stock worth $59,949,000 after purchasing an additional 793,239 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Toll Brothers by 105.7% in the 3rd quarter. Invesco Ltd. now owns 1,503,729 shares of the construction company’s stock worth $111,216,000 after purchasing an additional 772,849 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

(Get Free Report)

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. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.

Further Reading

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