Toll Brothers (NYSE:TOL) Sets New 12-Month High – Here’s Why

Shares of Toll Brothers Inc. (NYSE:TOL) hit a new 52-week high during trading on Tuesday . The company traded as high as $154.90 and last traded at $145.98, with a volume of 872642 shares traded. The stock had previously closed at $145.48.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Toll Brothers in a report on Wednesday, January 21st. Royal Bank Of Canada cut their target price on Toll Brothers from $145.00 to $144.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. Evercore ISI restated an “in-line” rating and issued a $160.00 target price (down previously from $169.00) on shares of Toll Brothers in a research report on Tuesday, October 7th. Citigroup assumed coverage on Toll Brothers in a research note on Wednesday, January 7th. They issued an “outperform” rating on the stock. Finally, BTIG Research assumed coverage on Toll Brothers in a research report on Monday, December 1st. They set a “neutral” rating for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $154.40.

Toll Brothers Trading Up 0.6%

The company’s 50 day simple moving average is $140.94 and its 200 day simple moving average is $136.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.38 and a quick ratio of 0.64. The firm has a market cap of $13.86 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of 1.13 and a beta of 1.47.

Toll Brothers (NYSE:TOL) last released its earnings results on Monday, December 8th. The construction company reported $4.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.30). Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter last year, the business posted $4.63 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, research analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, January 9th. Toll Brothers’s dividend payout ratio is presently 7.37%.

Insiders Place Their Bets

In related news, Director Paul E. Shapiro sold 3,965 shares of Toll Brothers stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $146.68, for a total value of $581,586.20. Following the completion of the transaction, the director owned 118,680 shares in the company, valued at $17,407,982.40. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Toll Brothers

Hedge funds and other institutional investors have recently modified their holdings of the company. Capital World Investors increased its holdings in Toll Brothers by 51.5% in the third quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock valued at $716,625,000 after buying an additional 1,763,211 shares during the last quarter. Norges Bank acquired a new position in shares of Toll Brothers during the 2nd quarter worth about $154,782,000. AQR Capital Management LLC boosted its position in shares of Toll Brothers by 83.1% during the 2nd quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock worth $297,650,000 after acquiring an additional 1,183,304 shares in the last quarter. Holocene Advisors LP increased its holdings in shares of Toll Brothers by 78.0% in the 3rd quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock valued at $307,263,000 after acquiring an additional 974,567 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Toll Brothers by 209.8% during the 3rd quarter. Victory Capital Management Inc. now owns 917,184 shares of the construction company’s stock worth $126,700,000 after acquiring an additional 621,117 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Company Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.