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

Shares of Toll Brothers, Inc. (NYSE:TOL) 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 Analysts Forecast Growth

TOL has been the subject of several recent research reports. StockNews.com raised Toll Brothers from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Oppenheimer increased their price objective on shares of Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. The Goldman Sachs Group raised their price target on Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a report on Thursday, February 22nd. Royal Bank of Canada upped their price objective on Toll Brothers from $90.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, December 7th. Finally, Wedbush reissued a “neutral” rating and set a $87.00 target price on shares of Toll Brothers in a research note on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $110.27.

Toll Brothers Price Performance

The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $13.51 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 1.06 and a beta of 1.65. The firm’s 50 day simple moving average is $110.02 and its 200 day simple moving average 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.48. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the company earned $1.70 EPS. Toll Brothers’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, research analysts anticipate that Toll Brothers, Inc. will post 13.73 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 5th will be issued a $0.23 dividend. The ex-dividend date of this dividend 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 dividend yield of 0.71%. Toll Brothers’s dividend payout ratio is presently 6.49%.

Insider Buying and Selling at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers 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 completion of the sale, the chief executive officer now owns 346,382 shares of the company’s stock, valued at $41,167,500.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was 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 owns 346,382 shares in the company, valued at $41,167,500.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 sale, the director now directly owns 119,704 shares of the company’s stock, valued at $11,934,488.80. 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. Company insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Large investors have recently bought and sold shares of the business. American Century Companies Inc. lifted its stake in shares of Toll Brothers by 43.9% during the 1st quarter. American Century Companies Inc. now owns 28,381 shares of the construction company’s stock worth $1,334,000 after purchasing an additional 8,663 shares during the last quarter. MetLife Investment Management LLC lifted its position in Toll Brothers by 34.5% during the first quarter. MetLife Investment Management LLC now owns 74,581 shares of the construction company’s stock valued at $3,507,000 after acquiring an additional 19,135 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in Toll Brothers by 7.9% in the first quarter. Panagora Asset Management Inc. now owns 6,592 shares of the construction company’s stock valued at $310,000 after acquiring an additional 480 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Toll Brothers by 8.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,183 shares of the construction company’s stock worth $1,936,000 after purchasing an additional 3,249 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Toll Brothers by 9.0% during the first quarter. Great West Life Assurance Co. Can now owns 64,890 shares of the construction company’s stock worth $3,138,000 after purchasing an additional 5,333 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

About Toll Brothers

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.