Toll Brothers (NYSE:TOL) Hits New 12-Month Low – Should You Sell?

Toll Brothers, Inc. (NYSE:TOL) hit a new 52-week low on Monday . The company traded as low as $107.78 and last traded at $108.49, with a volume of 1406765 shares trading hands. The stock had previously closed at $111.64.

Analyst Upgrades and Downgrades

TOL has been the topic of several analyst reports. Wedbush restated an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a report on Friday, February 14th. Citigroup dropped their price target on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company reduced their price objective on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Barclays dropped their target price on shares of Toll Brothers from $115.00 to $101.00 and set an “underweight” rating for the company in a research report on Tuesday, February 25th. Finally, Evercore ISI increased their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average price target of $147.57.

Toll Brothers Trading Down 2.9 %

The firm has a market cap of $10.83 billion, a P/E ratio of 7.46, a P/E/G ratio of 1.02 and a beta of 1.76. The firm has a fifty day moving average of $126.93 and a 200-day moving average of $140.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

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

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.85%. Toll Brothers’s payout ratio is currently 6.33%.

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 204 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the sale, the director now directly owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. This represents a 2.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,622 shares of company stock worth $1,993,880. Company insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

A number of institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in shares of Toll Brothers by 74.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 582 shares of the construction company’s stock worth $90,000 after buying an additional 249 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Toll Brothers by 62,605.9% during the third quarter. International Assets Investment Management LLC now owns 10,660 shares of the construction company’s stock worth $1,647,000 after acquiring an additional 10,643 shares during the period. Farther Finance Advisors LLC raised its position in Toll Brothers by 59.3% in the third quarter. Farther Finance Advisors LLC now owns 2,275 shares of the construction company’s stock worth $351,000 after acquiring an additional 847 shares in the last quarter. F M Investments LLC acquired a new stake in Toll Brothers in the 3rd quarter valued at about $2,783,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of Toll Brothers by 1.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 137,622 shares of the construction company’s stock valued at $21,261,000 after purchasing an additional 2,264 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Company Profile

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.