Toll Brothers (NYSE:TOL) Sets New 52-Week Low - Here's What Happened

Toll Brothers, Inc. (NYSE:TOL - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $94.52 and last traded at $95.09, with a volume of 3820707 shares changing hands. The stock had previously closed at $100.86.

Analysts Set New Price Targets

TOL has been the subject of several recent research reports. Barclays reduced their price target on shares of Toll Brothers from $101.00 to $92.00 and set an "underweight" rating for the company in a report on Tuesday. Seaport Res Ptn upgraded Toll Brothers from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. StockNews.com upgraded Toll Brothers from a "sell" rating to a "hold" rating in a report on Saturday, April 5th. The Goldman Sachs Group decreased their price objective on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Finally, Citigroup reduced their target price on shares of Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers has an average rating of "Moderate Buy" and an average target price of $146.93.

Toll Brothers Stock Performance

The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 6.43, a PEG ratio of 1.02 and a beta of 1.48. The firm's 50 day simple moving average is $109.66 and its 200 day simple moving average is $132.21. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Sell-side analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.25 dividend. The ex-dividend date is Friday, April 11th. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. Toll Brothers's dividend payout ratio (DPR) is 6.88%.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now owns 13,186 shares of the company's stock, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. ORG Partners LLC acquired a new stake in shares of Toll Brothers during the 4th quarter worth about $25,000. Lee Danner & Bass Inc. acquired a new position in shares of Toll Brothers in the 4th quarter valued at $27,000. Promus Capital LLC acquired a new stake in Toll Brothers during the 4th quarter worth $29,000. IAG Wealth Partners LLC increased its stake in Toll Brothers by 1,034.8% in the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after purchasing an additional 238 shares during the period. Finally, DiNuzzo Private Wealth Inc. boosted its stake in shares of Toll Brothers by 806.5% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock worth $35,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Company Profile

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.