Toll Brothers (NYSE:TOL) Reaches New 1-Year High – Still a Buy?

Toll Brothers Inc. (NYSE:TOL)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $151.10 and last traded at $149.4050, with a volume of 202933 shares traded. The stock had previously closed at $148.54.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TOL. Evercore ISI restated an “in-line” rating and set a $160.00 target price (down previously from $169.00) on shares of Toll Brothers in a research report on Tuesday, October 7th. Wells Fargo & Company lifted their price objective on Toll Brothers from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Zacks Research cut Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. Royal Bank Of Canada cut their target price on shares of Toll Brothers from $145.00 to $144.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 10th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $154.40.

Toll Brothers Stock Performance

The stock has a market cap of $13.77 billion, a P/E ratio of 10.69, a PEG ratio of 1.16 and a beta of 1.43. The stock has a fifty day simple moving average of $138.89 and a 200-day simple moving average of $134.83. The company has a quick ratio of 0.64, a current ratio of 4.38 and a debt-to-equity ratio of 0.34.

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

Toll Brothers Dividend Announcement

The company 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. The ex-dividend date was Friday, January 9th. This represents a $1.00 annualized dividend and a yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is 7.37%.

Insider Buying and Selling at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,965 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $146.68, for a total value of $581,586.20. Following the completion of the transaction, the director owned 118,680 shares of the company’s stock, valued at $17,407,982.40. The trade was a 3.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wiser Advisor Group LLC bought a new stake in shares of Toll Brothers in the third quarter worth about $27,000. Abich Financial Wealth Management LLC acquired a new position in shares of Toll Brothers in the 3rd quarter valued at approximately $28,000. Ramirez Asset Management Inc. bought a new stake in Toll Brothers during the 3rd quarter worth approximately $28,000. Measured Wealth Private Client Group LLC bought a new stake in Toll Brothers during the 3rd quarter worth approximately $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Toll Brothers during the 4th quarter worth approximately $34,000. 91.76% of the stock is currently 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.