Toll Brothers (NYSE:TOL) Trading 3.7% Higher - Should You Buy?

Shares of Toll Brothers, Inc. (NYSE:TOL - Get Free Report) were up 3.7% on Friday . The company traded as high as $98.59 and last traded at $102.05. Approximately 472,415 shares changed hands during trading, a decline of 68% from the average daily volume of 1,469,993 shares. The stock had previously closed at $98.39.

Analyst Ratings Changes

TOL has been the topic of a number of recent analyst reports. Seaport Res Ptn raised shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. Bank of America reduced their price target on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Evercore ISI increased their price objective on Toll Brothers from $181.00 to $184.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. UBS Group reduced their target price on Toll Brothers from $185.00 to $183.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Finally, Wells Fargo & Company dropped their price target on Toll Brothers from $170.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday, February 20th. One 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 company. According to MarketBeat, Toll Brothers presently has a consensus rating of "Moderate Buy" and a consensus price target of $146.93.

Remove Ads

Toll Brothers Trading Up 5.6 %

The firm's 50-day simple moving average is $112.94 and its 200-day simple moving average is $133.69. The firm has a market capitalization of $9.55 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

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

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers's payout ratio is presently 6.88%.

Insider Buying and Selling at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the transaction, the director now directly owns 13,186 shares of the company's stock, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Toll Brothers

Institutional investors and hedge funds have recently bought and sold shares of the business. Merit Financial Group LLC grew its position in shares of Toll Brothers by 49.6% in the 1st quarter. Merit Financial Group LLC now owns 8,951 shares of the construction company's stock worth $945,000 after buying an additional 2,969 shares during the period. Fiduciary Alliance LLC lifted its position in Toll Brothers by 8.4% during the first quarter. Fiduciary Alliance LLC now owns 9,616 shares of the construction company's stock valued at $1,015,000 after purchasing an additional 748 shares in the last quarter. GAMMA Investing LLC increased its holdings in Toll Brothers by 11,219.5% in the 1st quarter. GAMMA Investing LLC now owns 136,739 shares of the construction company's stock worth $14,438,000 after acquiring an additional 135,531 shares in the last quarter. First Hawaiian Bank lifted its position in shares of Toll Brothers by 139.7% in the first quarter. First Hawaiian Bank now owns 4,524 shares of the construction company's stock valued at $478,000 after acquiring an additional 2,637 shares in the last quarter. Finally, Greenhaven Associates Inc. lifted its holdings in shares of Toll Brothers by 0.5% in the first quarter. Greenhaven Associates Inc. now owns 5,562,582 shares of the construction company's stock worth $587,353,000 after buying an additional 26,079 shares in 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.