Toll Brothers (NYSE:TOL) Reaches New 12-Month High – Should You Buy?

Toll Brothers Inc. (NYSE:TOL) reached a new 52-week high during trading on Tuesday . The company traded as high as $157.70 and last traded at $156.40, with a volume of 95357 shares trading hands. The stock had previously closed at $152.26.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TOL shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, January 21st. Oppenheimer set a $177.00 price objective on shares of Toll Brothers and gave the stock an “outperform” rating in a report on Tuesday. JPMorgan Chase & Co. decreased their price objective on shares of Toll Brothers from $161.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. Wells Fargo & Company increased their price objective on shares of Toll Brothers from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Toll Brothers from $145.00 to $143.00 and set a “market perform” rating on the stock in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $155.87.

Toll Brothers Stock Up 3.4%

The firm has a 50-day moving average of $142.00 and a two-hundred day moving average of $137.16. The company has a current ratio of 4.38, a quick ratio of 0.64 and a debt-to-equity ratio of 0.34. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 1.20 and a beta of 1.47.

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

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, January 9th. Toll Brothers’s dividend payout ratio (DPR) is currently 7.37%.

Insider Activity at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,965 shares of Toll Brothers stock in a transaction dated 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 transaction, the director directly owned 118,680 shares of the company’s stock, valued at approximately $17,407,982.40. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Large investors have recently made changes to their positions in the stock. Sivia Capital Partners LLC purchased a new position in shares of Toll Brothers during the 2nd quarter valued at about $705,000. US Bancorp DE boosted its holdings in Toll Brothers by 10.8% in the second quarter. US Bancorp DE now owns 6,022 shares of the construction company’s stock worth $687,000 after acquiring an additional 586 shares in the last quarter. Callan Family Office LLC raised its holdings in Toll Brothers by 110.4% in the 2nd quarter. Callan Family Office LLC now owns 6,819 shares of the construction company’s stock worth $778,000 after acquiring an additional 3,578 shares during the last quarter. Sovereign Financial Group Inc. boosted its holdings in shares of Toll Brothers by 35.8% during the 2nd quarter. Sovereign Financial Group Inc. now owns 3,763 shares of the construction company’s stock valued at $429,000 after acquiring an additional 993 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Toll Brothers by 31.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,291 shares of the construction company’s stock valued at $2,202,000 after purchasing an additional 4,606 shares during the period. 91.76% of the stock is owned by institutional investors.

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.