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

Toll Brothers, Inc. (NYSE:TOL)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $162.37 and last traded at $161.63, with a volume of 10559 shares. The stock had previously closed at $157.59.

Wall Street Analyst Weigh In

TOL has been the subject of a number of research reports. Seaport Res Ptn lowered Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Royal Bank of Canada boosted their target price on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Wedbush raised shares of Toll Brothers from a “neutral” rating to an “outperform” rating and raised their price target for the company from $148.00 to $175.00 in a report on Friday, October 25th. Barclays upped their price objective on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. Finally, Oppenheimer boosted their target price on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.87.

Toll Brothers Stock Performance

The stock’s fifty day moving average is $152.07 and its 200-day moving average is $136.30. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The stock has a market cap of $16.90 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 1.18 and a beta of 1.68.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Friday, October 11th. Toll Brothers’s dividend payout ratio is currently 6.34%.

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $155.44, for a total transaction of $777,200.00. Following the completion of the transaction, the chief financial officer now owns 9,721 shares in the company, valued at approximately $1,511,032.24. This represents a 33.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the sale, the chief executive officer now owns 221,382 shares in the company, valued at approximately $35,029,273.86. This trade represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,673 shares of company stock worth $19,684,387. Corporate insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Toll Brothers during the 3rd quarter worth approximately $27,000. Brooklyn Investment Group acquired a new position in Toll Brothers during the third quarter worth $27,000. Larson Financial Group LLC grew its position in Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Toll Brothers in the 2nd quarter valued at $29,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in Toll Brothers by 114.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after buying an additional 142 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

About Toll Brothers

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. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.