Toll Brothers (NYSE:TOL) Sets New 12-Month High – Here’s Why

Toll Brothers Inc. (NYSE:TOL) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $154.90 and last traded at $145.98, with a volume of 872642 shares trading hands. The stock had previously closed at $145.48.

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of Toll Brothers from $145.00 to $143.00 and set a “market perform” rating on the stock in a research report on Thursday, December 11th. Royal Bank Of Canada decreased their price objective on shares of Toll Brothers from $145.00 to $144.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. Citigroup assumed coverage on Toll Brothers in a research report on Wednesday, January 7th. They set an “outperform” rating on the stock. Barclays boosted their target price on Toll Brothers from $92.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, December 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Toll Brothers in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus price target of $154.40.

Toll Brothers Stock Performance

The company has a quick ratio of 0.64, a current ratio of 4.38 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average price of $140.94 and a 200-day moving average price of $136.16. The firm has a market cap of $13.86 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 1.13 and a beta of 1.47.

Toll Brothers (NYSE:TOL) last announced 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 firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the firm posted $4.63 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, January 9th. Toll Brothers’s payout ratio is currently 7.37%.

Insider Activity

In related news, Director Paul E. Shapiro sold 3,965 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $146.68, for a total transaction of $581,586.20. Following the sale, the director owned 118,680 shares of the company’s stock, valued at $17,407,982.40. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Toll Brothers

Several hedge funds have recently modified their holdings of the company. Capital World Investors grew its holdings in shares of Toll Brothers by 51.5% during the third quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock worth $716,625,000 after buying an additional 1,763,211 shares in the last quarter. Norges Bank acquired a new stake in Toll Brothers during the second quarter worth approximately $154,782,000. AQR Capital Management LLC grew its stake in Toll Brothers by 83.1% in the 2nd quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock worth $297,650,000 after acquiring an additional 1,183,304 shares during the period. Holocene Advisors LP raised its holdings in Toll Brothers by 78.0% in the 3rd quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock valued at $307,263,000 after acquiring an additional 974,567 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Toll Brothers by 209.8% in the 3rd quarter. Victory Capital Management Inc. now owns 917,184 shares of the construction company’s stock valued at $126,700,000 after acquiring an additional 621,117 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

About Toll Brothers

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.