Toll Brothers (NYSE:TOL) Hits New 52-Week High – Here’s What Happened

Toll Brothers Inc. (NYSE:TOL) hit a new 52-week high on Tuesday . The stock traded as high as $149.80 and last traded at $148.1140, with a volume of 318146 shares. The stock had previously closed at $146.95.

Analyst Upgrades and Downgrades

Several brokerages have commented on TOL. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their target price on shares of Toll Brothers from $161.00 to $141.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. The Goldman Sachs Group upped their price target on shares of Toll Brothers from $140.00 to $156.00 and gave the stock a “neutral” rating in a report on Tuesday. Barclays raised their price target on shares of Toll Brothers from $92.00 to $110.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 10th. Finally, Wedbush reissued an “outperform” rating and issued a $165.00 price objective on shares of Toll Brothers in a research report on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus target price of $153.07.

Toll Brothers Stock Up 0.9%

The business has a 50 day moving average of $136.50 and a two-hundred day moving average of $133.19. The stock has a market capitalization of $14.09 billion, a PE ratio of 10.94, a PEG ratio of 1.21 and a beta of 1.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.64 and a current ratio of 4.38.

Toll Brothers (NYSE:TOL) last announced its earnings results on Monday, December 8th. The construction company reported $4.58 EPS for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.30). Toll Brothers had a return on equity of 16.74% and a net margin of 12.28%.The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the firm posted $4.63 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s dividend payout ratio is presently 7.37%.

Hedge Funds Weigh In On Toll Brothers

A number of large investors have recently made changes to their positions in the business. Wiser Advisor Group LLC purchased a new position in Toll Brothers during the 3rd quarter worth $27,000. Abich Financial Wealth Management LLC acquired a new stake in Toll Brothers in the third quarter worth about $28,000. Ramirez Asset Management Inc. purchased a new stake in shares of Toll Brothers during the third quarter worth about $28,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Toll Brothers during the third quarter worth about $29,000. Finally, Smithfield Trust Co increased its holdings in shares of Toll Brothers by 136.4% during the third quarter. Smithfield Trust Co now owns 260 shares of the construction company’s stock valued at $36,000 after acquiring an additional 150 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

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.