Toll Brothers (NYSE:TOL) Hits New 52-Week High at $138.80

Toll Brothers, Inc. (NYSE:TOL)’s stock price reached a new 52-week high on Friday . The stock traded as high as $138.80 and last traded at $138.80, with a volume of 110203 shares changing hands. The stock had previously closed at $132.65.

Analyst Ratings Changes

Several research firms recently weighed in on TOL. StockNews.com upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Citigroup lowered their price target on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Keefe, Bruyette & Woods lifted their price target on Toll Brothers from $135.00 to $142.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 4th. Evercore ISI lifted their price target on Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Royal Bank of Canada boosted their target price on Toll Brothers from $122.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.25.

Toll Brothers Stock Up 5.0 %

The company has a current ratio of 4.59, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $120.60 and a 200-day moving average price of $116.34. The firm has a market cap of $14.30 billion, a P/E ratio of 9.06, a P/E/G ratio of 1.06 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the previous year, the company posted $2.85 EPS. Toll Brothers’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, equities analysts forecast that Toll Brothers, Inc. will post 12.94 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Friday, July 5th. Toll Brothers’s payout ratio is currently 6.28%.

Insider Activity at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the transaction, the chief financial officer now owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Martin P. Connor sold 3,806 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total value of $463,723.04. Following the completion of the sale, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 16,194 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $118.74, for a total value of $1,922,875.56. Following the sale, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,170 shares of company stock worth $2,407,335. 1.54% of the stock is owned by corporate insiders.

Institutional Trading of Toll Brothers

A number of institutional investors have recently modified their holdings of the business. Register Financial Advisors LLC purchased a new stake in shares of Toll Brothers in the first quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Toll Brothers during the 2nd quarter valued at $29,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Toll Brothers by 114.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after acquiring an additional 142 shares during the last quarter. Contravisory Investment Management Inc. purchased a new stake in shares of Toll Brothers in the first quarter valued at $34,000. Finally, Rise Advisors LLC purchased a new stake in shares of Toll Brothers in the first quarter valued at $35,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

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.