Toll Brothers (NYSE:TOL) Shares Gap Up to $45.04

Shares of Toll Brothers, Inc. (NYSE:TOLGet Rating) gapped up before the market opened on Tuesday . The stock had previously closed at $45.04, but opened at $46.39. Toll Brothers shares last traded at $45.70, with a volume of 20,222 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Bank of America downgraded Toll Brothers from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research report on Thursday, August 25th. KeyCorp raised Toll Brothers from an “underweight” rating to a “sector weight” rating in a research report on Monday, September 19th. StockNews.com assumed coverage on Toll Brothers in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Citigroup upped their price target on Toll Brothers to $47.00 in a research report on Thursday, October 13th. Finally, Raymond James downgraded Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Friday, October 21st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Toll Brothers has an average rating of “Hold” and an average price target of $52.75.

Toll Brothers Stock Performance

The firm’s 50 day moving average price is $43.54 and its 200-day moving average price is $45.75. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.48 and a current ratio of 4.99. The firm has a market capitalization of $5.35 billion, a PE ratio of 5.58 and a beta of 1.38.

Toll Brothers (NYSE:TOLGet Rating) last posted its earnings results on Tuesday, August 23rd. The construction company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.05. Toll Brothers had a net margin of 10.62% and a return on equity of 18.93%. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the company posted $1.87 EPS. On average, research analysts expect that Toll Brothers, Inc. will post 9.31 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 21st. Shareholders of record on Friday, October 7th were issued a $0.20 dividend. The ex-dividend date was Thursday, October 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.70%. Toll Brothers’s payout ratio is 9.46%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Carl B. Marbach sold 1,000 shares of the stock in a transaction dated Tuesday, October 11th. The shares were sold at an average price of $44.60, for a total value of $44,600.00. Following the completion of the sale, the director now owns 71,155 shares in the company, valued at approximately $3,173,513. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.28% of the stock is owned by insiders.

Institutional Trading of Toll Brothers

A number of hedge funds have recently bought and sold shares of TOL. Herold Advisors Inc. acquired a new stake in Toll Brothers in the 1st quarter valued at about $28,000. Quadrant Capital Group LLC raised its holdings in Toll Brothers by 70.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 634 shares of the construction company’s stock valued at $28,000 after acquiring an additional 261 shares during the last quarter. Fifth Third Bancorp raised its holdings in Toll Brothers by 67.2% in the 2nd quarter. Fifth Third Bancorp now owns 764 shares of the construction company’s stock valued at $34,000 after acquiring an additional 307 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Toll Brothers during the 1st quarter worth approximately $35,000. Finally, Venture Visionary Partners LLC acquired a new stake in shares of Toll Brothers during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 85.37% of the company’s stock.

About Toll Brothers

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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. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living.

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