Toll Brothers (NYSE:TOL) Reaches New 1-Year High – Here’s What Happened

Toll Brothers Inc. (NYSE:TOL) shares hit a new 52-week high on Thursday . The stock traded as high as $151.10 and last traded at $149.4050, with a volume of 202933 shares changing hands. The stock had previously closed at $148.54.

Wall Street Analysts Forecast Growth

TOL has been the topic of several recent analyst reports. UBS Group cut their target price on Toll Brothers from $183.00 to $181.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. The Goldman Sachs Group upped their price target on Toll Brothers from $140.00 to $156.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. BTIG Research began coverage on Toll Brothers in a research report on Monday, December 1st. They set a “neutral” rating on the stock. Barclays lifted their price objective on Toll Brothers from $92.00 to $110.00 and gave the stock an “underweight” rating in a report on Wednesday, December 10th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Toll Brothers from $161.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $154.40.

Toll Brothers Stock Up 0.7%

The company has a 50-day moving average of $138.28 and a two-hundred day moving average of $134.54. 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 company has a market capitalization of $14.20 billion, a PE ratio of 11.03, a P/E/G ratio of 1.13 and a beta of 1.43.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Monday, December 8th. The construction company reported $4.58 EPS for the quarter, missing the consensus estimate of $4.88 by ($0.30). The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.32 billion. Toll Brothers had a return on equity of 16.74% and a net margin of 12.28%.The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $4.63 EPS. Sell-side analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, January 9th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.37%.

Insiders Place Their Bets

In other Toll Brothers news, Director Paul E. Shapiro sold 3,965 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $146.68, for a total value of $581,586.20. Following the completion of the sale, the director owned 118,680 shares in the company, valued at approximately $17,407,982.40. This represents a 3.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wiser Advisor Group LLC bought a new position in Toll Brothers in the 3rd quarter worth approximately $27,000. Abich Financial Wealth Management LLC purchased a new position in shares of Toll Brothers in the third quarter worth $28,000. Ramirez Asset Management Inc. purchased a new position in shares of Toll Brothers in the third quarter worth $28,000. Measured Wealth Private Client Group LLC bought a new position in shares of Toll Brothers during the third quarter worth $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Toll Brothers during the fourth quarter worth $34,000. Institutional investors own 91.76% of the company’s stock.

About Toll Brothers

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.