Toll Brothers, Inc. (NYSE:TOL - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday after Wells Fargo & Company raised their price target on the stock from $163.00 to $170.00. Wells Fargo & Company currently has an overweight rating on the stock. Toll Brothers traded as high as $155.01 and last traded at $154.92, with a volume of 337791 shares trading hands. The stock had previously closed at $150.62.
A number of other research firms have also recently commented on TOL. Evercore ISI upped their price objective on shares of Toll Brothers from $177.00 to $180.00 and gave the company an "outperform" rating in a research report on Monday, July 15th. StockNews.com lowered shares of Toll Brothers from a "buy" rating to a "hold" rating in a research report on Wednesday, September 11th. Royal Bank of Canada upped their target price on Toll Brothers from $130.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, August 22nd. Citigroup dropped their price target on Toll Brothers from $133.00 to $125.00 and set a "neutral" rating for the company in a report on Tuesday, July 2nd. Finally, Barclays boosted their price target on Toll Brothers from $116.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $145.67.
Read Our Latest Analysis on TOL
In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the sale, the chief executive officer now owns 346,382 shares of the company's stock, valued at approximately $51,087,881.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the transaction, the chief executive officer now owns 346,382 shares in the company, valued at approximately $51,087,881.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin P. Connor sold 22,673 shares of the firm's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total value of $3,248,587.44. Following the completion of the sale, the chief financial officer now directly owns 14,721 shares of the company's stock, valued at $2,109,224.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,257 shares of company stock valued at $19,992,602. 1.54% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in TOL. Register Financial Advisors LLC acquired a new position in Toll Brothers during the first quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Toll Brothers during the 2nd quarter worth $29,000. Massmutual Trust Co. FSB ADV increased its stake in Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company's stock valued at $31,000 after purchasing an additional 142 shares during the period. Contravisory Investment Management Inc. purchased a new stake in shares of Toll Brothers in the first quarter valued at about $34,000. Finally, Rise Advisors LLC purchased a new position in shares of Toll Brothers during the first quarter worth about $35,000. Hedge funds and other institutional investors own 91.76% of the company's stock.
The company has a 50-day moving average of $139.09 and a 200-day moving average of $127.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The stock has a market cap of $15.59 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.24 and a beta of 1.67.
Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, beating analysts' consensus estimates of $3.31 by $0.29. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. Toll Brothers's quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $3.73 EPS. As a group, equities research analysts predict that Toll Brothers, Inc. will post 13.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.60%. Toll Brothers's dividend payout ratio is presently 6.28%.
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.
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