Toll Brothers (NYSE:TOL) Reaches New 1-Year High – Time to Buy?

Toll Brothers, Inc. (NYSE:TOL)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $162.37 and last traded at $161.63, with a volume of 10559 shares traded. The stock had previously closed at $157.59.

Analyst Ratings Changes

TOL has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a research report on Wednesday, August 21st. Wells Fargo & Company lifted their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, Bank of America raised their target price on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.87.

Toll Brothers Trading Up 6.2 %

The company’s fifty day moving average is $152.07 and its 200-day moving average is $136.30. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $16.90 billion, a P/E ratio of 10.86, a P/E/G ratio of 1.18 and a beta of 1.68.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Friday, October 11th. Toll Brothers’s dividend payout ratio is currently 6.34%.

Insider Activity at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the sale, the chief executive officer now directly owns 246,382 shares in the company, valued at approximately $38,068,482.82. The trade was a 16.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the completion of the transaction, the chief financial officer now owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. This represents a 60.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 128,673 shares of company stock worth $19,684,387 in the last 90 days. 1.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP acquired a new position in shares of Toll Brothers in the 3rd quarter worth approximately $27,000. Brooklyn Investment Group acquired a new position in Toll Brothers during the third quarter worth $27,000. Larson Financial Group LLC lifted its holdings in shares of Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after acquiring an additional 66 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Toll Brothers in the 2nd quarter worth about $29,000. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Toll Brothers by 114.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after purchasing an additional 142 shares in the last quarter. Institutional investors and hedge funds 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.