Toll Brothers (TOL) Shares Gap Up to $36.45

Shares of Toll Brothers Inc (NYSE:TOL) gapped up prior to trading on Tuesday . The stock had previously closed at $35.45, but opened at $36.45. Toll Brothers shares last traded at $36.87, with a volume of 2619399 shares.

Several analysts have weighed in on TOL shares. ValuEngine cut shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 19th. JPMorgan Chase & Co. decreased their target price on shares of Toll Brothers from $54.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, May 23rd. Mizuho set a $54.00 target price on shares of Toll Brothers and gave the company a “buy” rating in a report on Wednesday, February 28th. Zacks Investment Research lowered shares of Toll Brothers from a “strong-buy” rating to a “hold” rating in a report on Friday, May 25th. Finally, Maxim Group decreased their target price on shares of Toll Brothers from $60.00 to $53.00 and set a “buy” rating on the stock in a report on Wednesday, May 23rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $50.63.

The firm has a market cap of $5.60 billion, a PE ratio of 11.36, a P/E/G ratio of 0.54 and a beta of 1.37. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.84 and a current ratio of 7.02.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, May 22nd. The construction company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.04). The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. Toll Brothers had a net margin of 9.27% and a return on equity of 12.50%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the firm posted $0.73 earnings per share. equities analysts predict that Toll Brothers Inc will post 4.34 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 27th. Investors of record on Friday, July 13th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Thursday, July 12th. Toll Brothers’s dividend payout ratio (DPR) is presently 13.88%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Greenhaven Associates Inc. grew its holdings in Toll Brothers by 2.7% during the 1st quarter. Greenhaven Associates Inc. now owns 4,047,305 shares of the construction company’s stock worth $175,046,000 after acquiring an additional 105,704 shares during the last quarter. Millennium Management LLC grew its holdings in Toll Brothers by 803.5% during the 4th quarter. Millennium Management LLC now owns 2,045,499 shares of the construction company’s stock worth $98,225,000 after acquiring an additional 1,819,100 shares during the last quarter. Geode Capital Management LLC grew its holdings in Toll Brothers by 13.2% during the 4th quarter. Geode Capital Management LLC now owns 2,015,100 shares of the construction company’s stock worth $96,725,000 after acquiring an additional 235,023 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in Toll Brothers by 0.9% during the 4th quarter. Thrivent Financial For Lutherans now owns 1,927,067 shares of the construction company’s stock worth $92,538,000 after acquiring an additional 17,087 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in Toll Brothers by 93.6% during the 1st quarter. Wedge Capital Management L L P NC now owns 1,167,429 shares of the construction company’s stock worth $50,491,000 after acquiring an additional 564,509 shares during the last quarter. 84.53% of the stock is currently owned by hedge funds and other institutional investors.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.

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