Toll Brothers, Inc. (NYSE:TOL) Short Interest Update

Toll Brothers, Inc. (NYSE:TOL - Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 2,750,000 shares, a decline of 29.5% from the March 15th total of 3,900,000 shares. Based on an average daily volume of 1,400,000 shares, the short-interest ratio is currently 2.0 days. Currently, 2.7% of the company's shares are short sold.

Toll Brothers Price Performance

Shares of TOL stock traded down $0.11 during mid-day trading on Friday, hitting $120.21. 965,157 shares of the stock were exchanged, compared to its average volume of 1,401,300. The firm has a fifty day moving average of $115.60 and a 200 day moving average of $97.18. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. Toll Brothers has a 52-week low of $58.99 and a 52-week high of $130.63. The company has a market cap of $12.52 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 0.99 and a beta of 1.66.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.48. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The company's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.70 EPS. Research analysts anticipate that Toll Brothers will post 13.71 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from Toll Brothers's previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 0.77%. Toll Brothers's dividend payout ratio (DPR) is currently 7.11%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Citigroup upped their price target on Toll Brothers from $116.00 to $138.00 and gave the stock a "neutral" rating in a research report on Friday, April 5th. Barclays upped their price target on Toll Brothers from $95.00 to $115.00 and gave the stock an "underweight" rating in a research report on Monday, February 26th. Seaport Res Ptn downgraded Toll Brothers from a "buy" rating to a "neutral" rating in a research report on Monday, January 22nd. Wolfe Research raised Toll Brothers from a "peer perform" rating to an "outperform" rating and set a $118.00 price target on the stock in a research report on Monday, January 8th. Finally, The Goldman Sachs Group upped their target price on Toll Brothers from $94.00 to $96.00 and gave the company a "sell" rating in a research report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $113.80.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of the company's stock in a transaction on Monday, March 4th. The stock was 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 in the company, valued at $4,020,823.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the company's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $116.05, for a total transaction of $580,250.00. Following the completion of the sale, the chief financial officer now owns 49,721 shares in the company, valued at $5,770,122.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Carl B. Marbach sold 10,000 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.02, for a total value of $1,180,200.00. Following the transaction, the director now directly owns 34,069 shares in the company, valued at $4,020,823.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,000 shares of company stock worth $7,702,950. Company insiders own 1.54% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Contravisory Investment Management Inc. purchased a new position in Toll Brothers in the 1st quarter valued at about $34,000. Rise Advisors LLC purchased a new position in Toll Brothers in the 1st quarter valued at about $35,000. Atlantic Edge Private Wealth Management LLC purchased a new position in Toll Brothers in the 4th quarter valued at about $36,000. First Capital Advisors Group LLC. purchased a new position in Toll Brothers in the 2nd quarter worth approximately $36,000. Finally, IFP Advisors Inc lifted its stake in Toll Brothers by 87.1% in the 3rd quarter. IFP Advisors Inc now owns 494 shares of the construction company's stock worth $37,000 after purchasing an additional 230 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

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.