Toll Brothers (NYSE:TOL) Shares Gap Down - What's Next?

Toll Brothers, Inc. (NYSE:TOL - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $125.72, but opened at $122.51. Toll Brothers shares last traded at $124.24, with a volume of 212,241 shares traded.

Analyst Ratings Changes

Several research firms have recently commented on TOL. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Royal Bank of Canada lifted their price target on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Wedbush restated an "outperform" rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday, December 11th. Oppenheimer reaffirmed an "outperform" rating and issued a $189.00 target price on shares of Toll Brothers in a report on Thursday, December 12th. Finally, Bank of America raised their price objective on Toll Brothers from $160.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Toll Brothers has a consensus rating of "Moderate Buy" and a consensus target price of $152.53.

Toll Brothers Stock Down 1.5 %

The company has a fifty day moving average price of $151.88 and a 200-day moving average price of $139.51. The stock has a market capitalization of $12.50 billion, a P/E ratio of 8.24, a PEG ratio of 1.00 and a beta of 1.69. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.34 by $0.29. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.11 EPS. As a group, research analysts forecast that Toll Brothers, Inc. will post 14.57 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.74%. Toll Brothers's dividend payout ratio (DPR) is currently 6.12%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction on Friday, September 27th. The shares were sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the completion of the transaction, the chief executive officer now directly owns 246,382 shares of the company's stock, valued at $38,068,482.82. The trade was a 16.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the sale, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 84,837 shares of company stock worth $13,124,245 in the last three months. Insiders own 1.54% of the company's stock.

Hedge Funds Weigh In On Toll Brothers

A number of large investors have recently made changes to their positions in the company. Larson Financial Group LLC lifted its stake in Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock worth $28,000 after purchasing an additional 66 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in shares of Toll Brothers by 1.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company's stock worth $786,000 after acquiring an additional 72 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Toll Brothers by 11.2% during the 2nd quarter. Fifth Third Bancorp now owns 814 shares of the construction company's stock worth $94,000 after acquiring an additional 82 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in Toll Brothers by 3.7% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company's stock valued at $363,000 after acquiring an additional 83 shares during the last quarter. Finally, Clifford Swan Investment Counsel LLC grew its position in Toll Brothers by 5.1% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company's stock valued at $212,000 after acquiring an additional 89 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.