Toll Brothers (NYSE:TOL) Sets New 1-Year Low – What’s Next?

Toll Brothers, Inc. (NYSE:TOL) hit a new 52-week low during trading on Monday . The company traded as low as $101.50 and last traded at $103.60, with a volume of 170298 shares changing hands. The stock had previously closed at $105.08.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. UBS Group cut their price target on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Keefe, Bruyette & Woods cut their price objective on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 25th. Wedbush restated an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research report on Friday, February 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 price target (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Finally, Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $147.57.

Toll Brothers Stock Performance

The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The company has a market cap of $10.42 billion, a PE ratio of 7.18, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. The firm’s fifty day moving average is $118.90 and its 200 day moving average is $136.43.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. As a group, research analysts predict that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.96%. Toll Brothers’s payout ratio is currently 6.88%.

Insider Buying and Selling

In related news, Director Christine Garvey sold 420 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Brooklyn Investment Group acquired a new position in Toll Brothers during the third quarter worth $27,000. Larson Financial Group LLC boosted its position in shares of Toll Brothers by 57.9% during the 3rd 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 last quarter. ORG Partners LLC acquired a new position in shares of Toll Brothers during the 4th quarter valued at about $25,000. Lee Danner & Bass Inc. purchased a new stake in shares of Toll Brothers in the fourth quarter valued at about $27,000. Finally, Promus Capital LLC acquired a new stake in Toll Brothers during the fourth quarter worth about $29,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

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.