Toll Brothers (NYSE:TOL) Sets New 12-Month High – Should You Buy?

Toll Brothers Inc. (NYSE:TOL)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $157.70 and last traded at $156.40, with a volume of 95357 shares trading hands. The stock had previously closed at $152.26.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barclays upped their price objective on shares of Toll Brothers from $92.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, December 10th. Citigroup started coverage on shares of Toll Brothers in a report on Wednesday, January 7th. They issued an “outperform” rating for the company. Oppenheimer set a $177.00 price target on Toll Brothers and gave the stock an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered their target price on Toll Brothers from $161.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday, December 12th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Toll Brothers from $145.00 to $143.00 and set a “market perform” rating for the company in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $155.87.

Toll Brothers Price Performance

The company has a current ratio of 4.38, a quick ratio of 0.64 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $14.92 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 1.20 and a beta of 1.47. The company’s 50 day moving average is $142.00 and its 200 day moving average is $137.16.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Monday, December 8th. The construction company reported $4.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.88 by ($0.30). The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Toll Brothers had a return on equity of 16.74% and a net margin of 12.28%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.63 earnings per share. Research analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were given a dividend of $0.25 per share. The ex-dividend date was Friday, January 9th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Toll Brothers’s dividend payout ratio (DPR) is 7.37%.

Insider Buying and Selling

In other Toll Brothers news, Director Paul E. Shapiro sold 3,965 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $146.68, for a total transaction of $581,586.20. Following the completion of the sale, the director directly owned 118,680 shares in the company, valued at $17,407,982.40. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

A number of institutional investors have recently modified their holdings of the stock. Moody Aldrich Partners LLC grew its stake in shares of Toll Brothers by 93.7% in the 3rd quarter. Moody Aldrich Partners LLC now owns 27,234 shares of the construction company’s stock valued at $3,762,000 after buying an additional 13,175 shares during the period. Allianz Asset Management GmbH boosted its holdings in Toll Brothers by 11.1% in the third quarter. Allianz Asset Management GmbH now owns 226,911 shares of the construction company’s stock valued at $31,345,000 after purchasing an additional 22,687 shares during the period. Compass Wealth Management LLC lifted its position in shares of Toll Brothers by 528.2% during the 3rd quarter. Compass Wealth Management LLC now owns 18,972 shares of the construction company’s stock worth $2,621,000 after purchasing an additional 15,952 shares during the last quarter. Advent Capital Management DE purchased a new position in shares of Toll Brothers in the 2nd quarter valued at about $2,853,000. Finally, Pacer Advisors Inc. raised its holdings in Toll Brothers by 173.3% during the third quarter. Pacer Advisors Inc. now owns 28,091 shares of the construction company’s stock worth $3,880,000 after purchasing an additional 17,813 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

About Toll Brothers

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.