Toll Brothers Inc (NYSE:TOL) was up 7.1% during trading on Monday . The company traded as high as $31.53 and last traded at $31.40, approximately 2,097,203 shares traded 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.
Several research analysts have issued reports on the stock. ValuEngine downgraded shares of Toll Brothers from a “hold” rating to a “sell” rating in a research report on Tuesday, March 17th. JPMorgan Chase & Co. raised their price objective on shares of Toll Brothers from $16.50 to $24.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 12th. Bank of America downgraded shares of Toll Brothers from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $45.00 to $35.00 in a research report on Thursday, March 12th. Royal Bank of Canada raised their price objective on shares of Toll Brothers from $31.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Finally, Credit Suisse Group assumed coverage on shares of Toll Brothers in a research report on Wednesday, May 27th. They set a “neutral” rating and a $31.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $37.27.
The company has a debt-to-equity ratio of 0.94, a current ratio of 6.84 and a quick ratio of 1.21. The company’s 50 day moving average is $30.74 and its 200 day moving average is $33.77. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 9.21 and a beta of 1.66.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Wednesday, May 27th. The construction company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.14. Toll Brothers had a net margin of 6.85% and a return on equity of 9.91%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the business earned $0.87 earnings per share. The business’s revenue for the quarter was down 9.7% compared to the same quarter last year. Sell-side analysts predict that Toll Brothers Inc will post 2.85 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, July 9th. Toll Brothers’s dividend payout ratio (DPR) is 10.92%.
In related 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. 10.94% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Ancora Advisors LLC acquired a new position in Toll Brothers during the fourth quarter worth about $40,000. Arkadios Wealth Advisors acquired a new position in Toll Brothers during the first quarter worth about $29,000. Clearbridge Investments LLC raised its position in Toll Brothers by 124.9% during the first quarter. Clearbridge Investments LLC now owns 1,900 shares of the construction company’s stock worth $37,000 after acquiring an additional 1,055 shares during the last quarter. Hoey Investments Inc. acquired a new position in Toll Brothers during the first quarter worth about $39,000. Finally, CWM LLC raised its position in Toll Brothers by 68.4% during the first quarter. CWM LLC now owns 2,504 shares of the construction company’s stock worth $48,000 after acquiring an additional 1,017 shares during the last quarter. 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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