Toll Brothers (NYSE:TOL) Sets New 1-Year High at $128.43

Toll Brothers, Inc. (NYSE:TOL - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $128.43 and last traded at $128.22, with a volume of 29526 shares trading hands. The stock had previously closed at $127.42.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TOL. Keefe, Bruyette & Woods raised their target price on shares of Toll Brothers from $120.00 to $135.00 and gave the company an "outperform" rating in a research note on Wednesday, February 28th. Wolfe Research upgraded shares of Toll Brothers from a "peer perform" rating to an "outperform" rating and set a $118.00 price objective for the company in a research note on Monday, January 8th. Wells Fargo & Company lifted their price objective on shares of Toll Brothers from $120.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. Wedbush reiterated a "neutral" rating and set a $87.00 price objective on shares of Toll Brothers in a research note on Wednesday, February 21st. Finally, Seaport Res Ptn downgraded shares of Toll Brothers from a "buy" rating to a "neutral" rating in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $110.27.

Toll Brothers Stock Up 1.6 %

The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. The business's 50-day moving average is $110.62 and its 200-day moving average is $93.96. The company has a market capitalization of $13.48 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 1.06 and a beta of 1.65.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.77 by $0.48. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the previous year, the company earned $1.70 earnings per share. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts predict that Toll Brothers, Inc. will post 13.73 earnings per share for the current year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be issued a $0.23 dividend. This is a boost from Toll Brothers's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $0.92 dividend on an annualized basis and a yield of 0.71%. Toll Brothers's payout ratio is presently 6.49%.

Insider Transactions at Toll Brothers

In other news, Director Carl B. Marbach sold 10,000 shares of the business's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the sale, the director now owns 34,069 shares of the company's stock, valued at $4,020,823.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Carl B. Marbach sold 10,000 shares of the business's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the sale, the director now owns 34,069 shares of the company's stock, valued at $4,020,823.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the sale, the chief executive officer now directly owns 346,382 shares of the company's stock, valued at approximately $41,167,500.70. The disclosure for this sale can be found here. Insiders sold 75,000 shares of company stock valued at $8,699,950 over the last 90 days. Corporate insiders own 1.54% of the company's stock.

Institutional Trading of Toll Brothers

Several large investors have recently bought and sold shares of the business. Baker Avenue Asset Management LP lifted its holdings in shares of Toll Brothers by 23.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company's stock worth $50,000 after acquiring an additional 127 shares during the last quarter. Nilsine Partners LLC lifted its holdings in shares of Toll Brothers by 0.8% in the 3rd quarter. Nilsine Partners LLC now owns 17,540 shares of the construction company's stock worth $1,297,000 after acquiring an additional 146 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Toll Brothers by 26.1% in the 3rd quarter. Fifth Third Bancorp now owns 754 shares of the construction company's stock worth $56,000 after acquiring an additional 156 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of Toll Brothers by 4.1% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the construction company's stock worth $302,000 after acquiring an additional 161 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in shares of Toll Brothers by 43.3% in the 2nd quarter. 1832 Asset Management L.P. now owns 536 shares of the construction company's stock worth $42,000 after acquiring an additional 162 shares during the last quarter. Hedge funds and other institutional investors 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.