Toll Brothers (NYSE:TOL) Shares Up 3.8%

Toll Brothers, Inc. (NYSE:TOL) shares shot up 3.8% during trading on Friday . The company traded as high as $143.50 and last traded at $143.02. 135,576 shares changed hands during trading, a decline of 90% from the average session volume of 1,393,212 shares. The stock had previously closed at $137.79.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a research note on Wednesday, August 21st. Oppenheimer lifted their price objective on Toll Brothers from $157.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Wedbush boosted their price target on shares of Toll Brothers from $120.00 to $148.00 and gave the company a “neutral” rating in a report on Tuesday, August 27th. Raymond James reiterated a “strong-buy” rating and issued a $145.00 target price (up previously from $135.00) on shares of Toll Brothers in a research note on Thursday, May 23rd. Finally, Argus raised their target price on shares of Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.67.

Toll Brothers Price Performance

The stock’s 50-day simple moving average is $130.51 and its two-hundred day simple moving average is $123.82. The company has a market capitalization of $14.36 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.17 and a beta of 1.67. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, topping the consensus estimate of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the previous year, the business earned $3.73 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities research analysts predict that Toll Brothers, Inc. will post 13.39 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, July 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.66%. Toll Brothers’s dividend payout ratio is currently 6.28%.

Insider Buying and Selling at Toll Brothers

In related news, CFO Martin P. Connor sold 22,673 shares of Toll Brothers stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $143.28, for a total value of $3,248,587.44. Following the completion of the sale, the chief financial officer now owns 14,721 shares in the company, valued at approximately $2,109,224.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the sale, the chief financial officer now owns 14,721 shares of the company’s stock, valued at $2,109,224.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the transaction, the chief executive officer now owns 346,382 shares of the company’s stock, valued at $51,087,881.18. The disclosure for this sale can be found here. Insiders have sold 130,257 shares of company stock worth $18,552,950 over the last quarter. 1.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Toll Brothers

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new stake in shares of Toll Brothers during the second quarter worth approximately $5,147,000. Cetera Investment Advisers increased its stake in shares of Toll Brothers by 19.1% during the 2nd quarter. Cetera Investment Advisers now owns 27,000 shares of the construction company’s stock worth $3,110,000 after purchasing an additional 4,336 shares in the last quarter. Old North State Trust LLC raised its holdings in shares of Toll Brothers by 16.2% in the second quarter. Old North State Trust LLC now owns 1,926 shares of the construction company’s stock worth $222,000 after acquiring an additional 268 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Toll Brothers by 81.0% during the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after buying an additional 431,160 shares during the period. Finally, Chase Investment Counsel Corp acquired a new stake in shares of Toll Brothers during the second quarter worth $921,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

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.