Toll Brothers (NYSE:TOL) Sets New 52-Week High at $128.43

Toll Brothers, Inc. (NYSE:TOL)’s stock price 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.

Analysts Set New Price Targets

Several brokerages have weighed in on TOL. Wells Fargo & Company increased their price target on shares of Toll Brothers from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Keefe, Bruyette & Woods increased their target price on Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. Oppenheimer upped their price target on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. StockNews.com raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Finally, Barclays lifted their target price 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. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average target price of $110.27.

Toll Brothers Price Performance

The stock has a market capitalization of $13.51 billion, a P/E ratio of 9.85, a price-to-earnings-growth ratio of 1.06 and a beta of 1.65. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.95 and a quick ratio of 0.65. The business’s 50 day moving average price is $110.02 and its 200 day moving average price is $93.71.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.48. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.70 EPS. Sell-side analysts forecast that Toll Brothers, Inc. will post 13.73 EPS for the current year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, April 4th. This is a boost 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%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.49%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $116.05, for a total transaction of $580,250.00. Following the completion of the transaction, the chief financial officer now owns 49,721 shares in the company, valued at approximately $5,770,122.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the transaction, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at $41,167,500.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Martin P. Connor sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $116.05, for a total transaction of $580,250.00. Following the transaction, the chief financial officer now owns 49,721 shares of the company’s stock, valued at approximately $5,770,122.05. The disclosure for this sale can be found here. Insiders sold a total of 75,000 shares of company stock valued at $8,699,950 in the last three months. 1.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TOL. Millennium Management LLC increased its holdings in shares of Toll Brothers by 271.6% during the 4th quarter. Millennium Management LLC now owns 3,096,331 shares of the construction company’s stock valued at $154,569,000 after purchasing an additional 2,263,039 shares in the last quarter. Norges Bank purchased a new position in shares of Toll Brothers during the 4th quarter worth $128,982,000. Vanguard Group Inc. grew its position in Toll Brothers by 9.1% in the 1st quarter. Vanguard Group Inc. now owns 11,623,797 shares of the construction company’s stock valued at $546,551,000 after acquiring an additional 968,528 shares in the last quarter. Prudential Financial Inc. raised its stake 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 acquiring an additional 793,239 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Toll Brothers by 105.7% during the third quarter. Invesco Ltd. now owns 1,503,729 shares of the construction company’s stock worth $111,216,000 after buying an additional 772,849 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

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.