Toll Brothers (NYSE:TOL) Hits New 1-Year Low - Here's Why

Toll Brothers, Inc. (NYSE:TOL - Get Free Report) shares reached a new 52-week low during trading on Monday . The company traded as low as $107.78 and last traded at $108.49, with a volume of 1406765 shares changing hands. The stock had previously closed at $111.64.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TOL. Wedbush reiterated an "outperform" rating and issued a $175.00 price objective on shares of Toll Brothers in a research report on Friday, February 14th. Oppenheimer cut their price target on shares of Toll Brothers from $189.00 to $165.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Keefe, Bruyette & Woods dropped their target price on shares of Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a research report on Tuesday, February 25th. Seaport Res Ptn upgraded shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers presently has an average rating of "Moderate Buy" and an average target price of $147.57.

Toll Brothers Trading Down 1.6 %

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The stock has a 50-day moving average of $125.48 and a two-hundred day moving average of $140.24. The company has a market cap of $10.93 billion, a P/E ratio of 7.53, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77.

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Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. On average, equities research analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers's dividend payout ratio (DPR) is currently 6.33%.

Insider Activity at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,837 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the transaction, the director now directly owns 119,937 shares of the company's stock, valued at $16,088,349.18. This represents a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christine Garvey sold 204 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the sale, the director now directly owns 7,728 shares in the company, valued at $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,622 shares of company stock valued at $1,993,880. 1.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Toll Brothers in the 4th quarter worth approximately $6,289,000. Jefferies Financial Group Inc. lifted its holdings in shares of Toll Brothers by 59.4% during the 4th quarter. Jefferies Financial Group Inc. now owns 7,790 shares of the construction company's stock valued at $981,000 after buying an additional 2,903 shares during the period. Challenger Wealth Management purchased a new position in shares of Toll Brothers in the 4th quarter worth $327,000. Peak Retirement Planning Inc. bought a new stake in shares of Toll Brothers in the fourth quarter worth $771,000. Finally, Toronto Dominion Bank increased its position in Toll Brothers by 60.2% during the fourth quarter. Toronto Dominion Bank now owns 5,122 shares of the construction company's stock valued at $645,000 after acquiring an additional 1,925 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

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.