Toll Brothers (NYSE:TOL) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Toll Brothers Inc. (NYSE:TOL) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $144.18 and traded as high as $144.41. Toll Brothers shares last traded at $144.2430, with a volume of 951,970 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TOL shares. Royal Bank Of Canada lowered their target price on Toll Brothers from $158.00 to $148.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Evercore set a $184.00 price objective on shares of Toll Brothers in a research note on Friday, September 25th. Barclays cut their price target on shares of Toll Brothers from $122.00 to $118.00 and set an “underweight” rating for the company in a research note on Tuesday, October 6th. Melius Research started coverage on Toll Brothers in a research note on Tuesday, October 6th. They issued a “buy” rating and a $179.00 price target on the stock. Finally, Keefe, Bruyette & Woods boosted their target price on Toll Brothers from $161.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $166.67.

Toll Brothers Trading Up 3.1%

The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 1.13 and a beta of 1.31. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 4.53. The business’s 50-day simple moving average is $137.88 and its 200-day simple moving average is $144.18.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.04. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%. The firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the business earned $3.73 earnings per share. The company’s revenue was down 9.7% compared to the same quarter last year. On average, research analysts expect that Toll Brothers Inc. will post 12.80 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 9th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, October 9th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is presently 8.35%.

Insider Activity at Toll Brothers

In related news, Director Stephen East sold 800 shares of the company’s stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $135.99, for a total transaction of $108,792.00. Following the sale, the director owned 12,642 shares in the company, valued at approximately $1,719,185.58. This represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Toll Brothers

Several institutional investors and hedge funds have recently made changes to their positions in the company. Continuum Advisory LLC acquired a new stake in shares of Toll Brothers during the 2nd quarter worth approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Toll Brothers during the second quarter valued at approximately $35,000. Compass Financial Management LLC acquired a new position in Toll Brothers during the second quarter valued at approximately $51,000. Caitlin John LLC bought a new stake in Toll Brothers during the second quarter worth $53,000. Finally, Fiduciary Financial Advisors bought a new stake in Toll Brothers during the second quarter worth $53,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

About Toll Brothers

Toll Brothers, Inc is a luxury homebuilding company that designs, builds, markets and sells residential properties in the United States. Its portfolio includes single-family detached homes, townhomes, condominiums and luxury residences, along with active-adult communities and urban high-rise developments in select markets.

The company also provides related services through businesses involved in mortgage lending, title insurance and settlement services. Toll Brothers serves a range of buyers, including first-time, move-up, luxury and active-adult home purchasers, and offers customization options through its design studios and other customer-service operations.

Founded in 1967 by Robert I.