Toll Brothers (NYSE:TOL) Stock Price Up 7.1%

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Toll Brothers Inc (NYSE:TOL)’s stock price rose 7.1% on Monday . The stock traded as high as $31.53 and last traded at $31.40, approximately 2,097,203 shares changed hands during mid-day trading. A decline of 29% from the average daily volume of 2,966,290 shares. The stock had previously closed at $29.33.

TOL has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating and set a $26.00 price objective on the stock. in a research report on Saturday, May 9th. Credit Suisse Group initiated coverage on shares of Toll Brothers in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $31.00 price objective on the stock. Keefe, Bruyette & Woods upgraded shares of Toll Brothers from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $39.00 to $40.00 in a research report on Monday. Wedbush lowered their target price on shares of Toll Brothers from $48.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Finally, Citigroup raised their target price on shares of Toll Brothers from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $37.53.

The company’s 50 day moving average price is $30.97 and its 200-day moving average price is $33.55. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 9.56 and a beta of 1.66. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.21 and a current ratio of 6.84.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Wednesday, May 27th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.14. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Toll Brothers had a net margin of 6.85% and a return on equity of 9.91%. The business’s revenue was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS. As a group, sell-side analysts forecast that Toll Brothers Inc will post 2.85 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $0.44 annualized dividend and a dividend yield of 1.35%. Toll Brothers’s dividend payout ratio is currently 10.92%.

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 120,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $34.31, for a total value of $4,117,200.00. Company insiders own 10.94% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in TOL. Arkadios Wealth Advisors acquired a new position in shares of Toll Brothers in the first quarter worth about $29,000. Clearbridge Investments LLC boosted its holdings in shares of Toll Brothers by 124.9% in the first quarter. Clearbridge Investments LLC now owns 1,900 shares of the construction company’s stock worth $37,000 after buying an additional 1,055 shares during the period. Hoey Investments Inc. acquired a new position in shares of Toll Brothers in the first quarter worth about $39,000. Ancora Advisors LLC acquired a new position in shares of Toll Brothers in the fourth quarter worth about $40,000. Finally, CWM LLC boosted its holdings in shares of Toll Brothers by 68.4% in the first quarter. CWM LLC now owns 2,504 shares of the construction company’s stock worth $48,000 after buying an additional 1,017 shares during the period. Institutional investors own 81.84% of the company’s stock.

Toll Brothers Company Profile (NYSE:TOL)

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

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