Toll Brothers Inc (NYSE:TOL) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 5,785,000 shares, an increase of 6.9% from the May 15th total of 5,411,200 shares. Currently, 4.3% of the shares of the stock are sold short. Based on an average daily volume of 1,540,000 shares, the short-interest ratio is presently 3.8 days.
Shares of TOL traded down $0.64 during trading hours on Monday, hitting $35.46. The company’s stock had a trading volume of 1,055,200 shares, compared to its average volume of 1,718,324. The company has a market cap of $5.19 billion, a P/E ratio of 7.53, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. The company has a current ratio of 7.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.73. The company has a 50 day moving average price of $36.68. Toll Brothers has a 52-week low of $28.68 and a 52-week high of $39.80.
Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, May 21st. The construction company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.77 by $0.10. Toll Brothers had a net margin of 10.01% and a return on equity of 15.57%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. As a group, sell-side analysts anticipate that Toll Brothers will post 3.86 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.44 dividend on an annualized basis and a yield of 1.24%. Toll Brothers’s dividend payout ratio is presently 9.34%.
In other news, Director Edward G. Boehne sold 17,000 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $37.01, for a total transaction of $629,170.00. Following the completion of the transaction, the director now owns 64,304 shares of the company’s stock, valued at $2,379,891.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carl B. Marbach sold 3,000 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $35.14, for a total transaction of $105,420.00. Following the transaction, the director now directly owns 85,463 shares of the company’s stock, valued at approximately $3,003,169.82. The disclosure for this sale can be found here. In the last three months, insiders sold 20,200 shares of company stock valued at $742,192. 9.69% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Clear Harbor Asset Management LLC lifted its stake in Toll Brothers by 5.4% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 29,330 shares of the construction company’s stock valued at $1,074,000 after acquiring an additional 1,500 shares during the period. NEXT Financial Group Inc lifted its stake in Toll Brothers by 4,900.0% during the 2nd quarter. NEXT Financial Group Inc now owns 2,350 shares of the construction company’s stock valued at $86,000 after acquiring an additional 2,303 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in Toll Brothers by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 54,982 shares of the construction company’s stock valued at $2,013,000 after acquiring an additional 767 shares during the period. OLD National Bancorp IN bought a new position in Toll Brothers during the 2nd quarter valued at about $253,000. Finally, Spirit of America Management Corp NY lifted its stake in Toll Brothers by 18.5% during the 2nd quarter. Spirit of America Management Corp NY now owns 4,285 shares of the construction company’s stock valued at $157,000 after acquiring an additional 670 shares during the period. 81.14% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada set a $37.00 price objective on shares of Toll Brothers and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Raymond James reiterated an “outperform” rating and set a $36.00 price objective on shares of Zymeworks in a research report on Thursday, May 30th. ValuEngine upgraded shares of XCel Brands from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Zacks Investment Research upgraded shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Finally, Barclays set a $54.00 price target on shares of Lennar and gave the stock a “buy” rating in a report on Thursday, March 28th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $35.84.
About Toll Brothers
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.