Toll Brothers (NYSE:TOL) Hits New 52-Week High – Still a Buy?

Toll Brothers, Inc. (NYSE:TOL) shares 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 changing hands. The stock had previously closed at $157.59.

Analysts Set New Price Targets

TOL has been the topic of several research analyst reports. Wedbush raised shares of Toll Brothers from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $148.00 to $175.00 in a report on Friday, October 25th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a report on Wednesday, August 21st. Royal Bank of Canada lifted their target price on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Seaport Res Ptn lowered Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Finally, Oppenheimer raised their price target on Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.87.

Toll Brothers Stock Performance

The stock has a market capitalization of $16.57 billion, a PE ratio of 11.31, a PEG ratio of 1.26 and a beta of 1.68. The business’s 50 day moving average is $152.69 and its 200 day moving average is $136.85. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.56%. Toll Brothers’s dividend payout ratio is 6.34%.

Insider Transactions at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $153.05, for a total value of $3,826,250.00. Following the transaction, the chief executive officer now owns 296,382 shares of the company’s stock, valued at $45,361,265.10. This trade represents a 7.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John A. Mclean sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the sale, the director now directly owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. This trade represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,673 shares of company stock worth $19,684,387. 1.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Toll Brothers

Institutional investors and hedge funds have recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of Toll Brothers in the third quarter valued at about $27,000. Brooklyn Investment Group purchased a new position in Toll Brothers during the 3rd quarter valued at about $27,000. Larson Financial Group LLC lifted its position in shares of Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Toll Brothers during the second quarter valued at approximately $29,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Toll Brothers by 114.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after buying an additional 142 shares during the period. 91.76% of the stock is owned by institutional investors.

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.