Toll Brothers (NYSE:TOL) Sets New 1-Year High at $65.52

Toll Brothers, Inc. (NYSE:TOL – Get Rating) hit a new 52-week high during trading on Wednesday . The company traded as high as $65.52 and last traded at $65.09, with a volume of 34392 shares trading hands. The stock had previously closed at $65.33.

Analyst Ratings Changes

TOL has been the subject of several research reports. Raymond James raised their target price on Toll Brothers from $61.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, February 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $55.00 price objective on shares of Toll Brothers in a report on Thursday, February 23rd. Bank of America upped their target price on shares of Toll Brothers from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. Oppenheimer raised their price target on shares of Toll Brothers from $71.00 to $73.00 and gave the stock an “outperform” rating in a research note on Friday, February 24th. Finally, StockNews.com upgraded Toll Brothers from a “hold” rating to a “buy” rating in a research note on Friday, May 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.09.

Toll Brothers Trading Up 2.5 %

The company’s 50-day moving average is $60.94 and its 200-day moving average is $55.43. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 5.59. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 5.85, a P/E/G ratio of 0.69 and a beta of 1.38.

Toll Brothers (NYSE:TOL – Get Rating) last announced its earnings results on Wednesday, February 22nd. The construction company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.33. Toll Brothers had a net margin of 12.92% and a return on equity of 21.02%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the business earned $1.24 earnings per share. Toll Brothers’s quarterly revenue was down .6% on a year-over-year basis. On average, research analysts predict that Toll Brothers, Inc. will post 8.66 earnings per share for the current year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 21st. Shareholders of record on Thursday, April 6th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.24%. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, April 5th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.29%.

Insider Transactions at Toll Brothers

In related news, Director Christine Garvey sold 2,980 shares of Toll Brothers stock in a transaction dated Wednesday, April 12th. The stock was sold at an average price of $60.13, for a total value of $179,187.40. Following the completion of the sale, the director now directly owns 8,284 shares in the company, valued at $498,116.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Carl B. Marbach sold 10,000 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $58.69, for a total value of $586,900.00. Following the transaction, the director now owns 65,066 shares of the company’s stock, valued at approximately $3,818,723.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christine Garvey sold 2,980 shares of Toll Brothers stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of $60.13, for a total value of $179,187.40. Following the sale, the director now directly owns 8,284 shares of the company’s stock, valued at $498,116.92. The disclosure for this sale can be found here. Insiders sold a total of 14,105 shares of company stock worth $831,824 over the last 90 days. 1.79% of the stock is owned by insiders.

Hedge Funds Weigh In On Toll Brothers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC raised its position in shares of Toll Brothers by 215.0% in the 1st quarter. Advisory Services Network LLC now owns 7,405 shares of the construction company’s stock valued at $445,000 after acquiring an additional 5,054 shares during the period. Hook Mill Capital Partners LP bought a new position in shares of Toll Brothers during the first quarter worth $4,443,000. D L Carlson Investment Group Inc. grew its holdings in shares of Toll Brothers by 30.4% in the 1st quarter. D L Carlson Investment Group Inc. now owns 99,511 shares of the construction company’s stock valued at $5,974,000 after buying an additional 23,196 shares during the period. Alaethes Wealth LLC bought a new stake in shares of Toll Brothers in the 1st quarter valued at $1,138,000. Finally, Atlas Capital Advisors LLC raised its stake in Toll Brothers by 6,002.9% during the 1st quarter. Atlas Capital Advisors LLC now owns 6,347 shares of the construction company’s stock worth $381,000 after buying an additional 6,243 shares during the period. Institutional investors own 82.74% of the company’s stock.

Toll Brothers Company Profile

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Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and caters to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.