Toll Brothers Inc. [TOL] stock is trading at $122.17, up 2.41%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TOL shares have gain 5.44% over the last week, with a monthly amount glided 20.95%, and seem to be holding up well over a long-time horizon.
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On 12, March 2024, Toll Brothers Announces 10% Increase to Quarterly Cash Dividend. In a post published today on Yahoo Finance, Toll Brothers, Inc. (NYSE:TOL) (TollBrothers.com), the nation’s leading builder of luxury homes, today announced that its Board of Directors has approved a 10% increase in its quarterly cash dividend to shareholders. The dividend of $0.23 per share will be paid on April 19, 2024 to shareholders of record on the close of business on April 5, 2024. This is the fourth consecutive year the Company has raised its dividend.
From an analyst’s perspective:
Toll Brothers Inc. [NYSE: TOL] stock has seen the most recent analyst activity on January 22, 2024, when Seaport Research Partners downgraded its rating to a Neutral. Previously, Wolfe Research upgraded its rating to Outperform on January 08, 2024, and kept the price target unchanged to $118. On November 02, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $93 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $80 on October 17, 2023. Raymond James upgraded its rating to a Strong Buy and raised its price target to $100 on July 14, 2023. Deutsche Bank started tracking with a Buy rating for this stock on June 01, 2023, and assigned it a price target of $94. In a note dated May 25, 2023, RBC Capital Mkts upgraded an Outperform rating on this stock and boosted its target price from $55 to $77.
Toll Brothers Inc. [TOL] stock has fluctuated between $56.36 and $122.72 over the past year. Currently, Wall Street analysts expect the stock to reach $78.64 within the next 12 months. Toll Brothers Inc. [NYSE: TOL] shares were valued at $122.17 at the most recent close of the market. An investor can expect a potential drop of -35.63% based on the average TOL price forecast.
Analyzing the TOL fundamentals
Toll Brothers Inc. [NYSE:TOL] reported sales of 10.16B for the trailing twelve months, which represents a growth of 9.42%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.21 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.41.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 119.36 points at the first support level, and at 116.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 123.92, and for the 2nd resistance point, it is at 125.68.
Toll Brothers Inc. [TOL] reported earnings per share of $2.25 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.78/share, meaning a difference of $0.47 and a surprise factor of 26.40%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $4.11 per share as compared to estimates of $3.72 per share, a difference of $0.39 representing a surprise of 10.50%.
Ratios To Look Out For
For context, Toll Brothers Inc.’s Current Ratio is 3.77. As well, the Quick Ratio is 0.30, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 1.25, the price to book ratio is 1.82 and price to earnings (TTM) ratio is 9.43.
Transactions by insiders
Recent insider trading involved Yearley Douglas C. Jr., Chief Executive Officer, that happened on Mar 04 ’24 when 50000.0 shares were sold. Director, MARBACH CARL B completed a deal on Mar 04 ’24 to sell 10000.0 shares. Meanwhile, Chief Financial Officer Connor Martin P. sold 5000.0 shares on Mar 01 ’24.
