Toll Brothers (NYSE:TOL) Receives “Outperform” Rating from Oppenheimer

Oppenheimer reaffirmed their outperform rating on shares of Toll Brothers (NYSE:TOL) in a research report released on Thursday,Benzinga reports. They currently have a $189.00 price target on the construction company’s stock.

TOL has been the topic of several other reports. Wedbush reiterated an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research report on Wednesday. Royal Bank of Canada increased their price target on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday. Bank of America boosted their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Keefe, Bruyette & Woods cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $168.00 to $164.00 in a research note on Tuesday. Finally, Wells Fargo & Company lifted their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus target price of $152.53.

Toll Brothers Trading Down 2.8 %

Shares of Toll Brothers stock opened at $138.38 on Thursday. The company has a 50 day simple moving average of $153.40 and a two-hundred day simple moving average of $139.08. The firm has a market cap of $13.97 billion, a PE ratio of 9.21, a PEG ratio of 1.07 and a beta of 1.69. Toll Brothers has a 1 year low of $91.92 and a 1 year high of $169.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.11 EPS. Analysts expect that Toll Brothers will post 14.55 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers’s payout ratio is 6.12%.

Insider Activity

In other news, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $155.44, for a total value of $777,200.00. Following the transaction, the chief financial officer now directly owns 9,721 shares in the company, valued at $1,511,032.24. This trade represents a 33.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $153.05, for a total value of $3,826,250.00. Following the sale, the chief executive officer now owns 296,382 shares of the company’s stock, valued at approximately $45,361,265.10. This represents a 7.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,000 shares of company stock valued at $16,435,800 over the last ninety days. 1.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Toll Brothers

A number of hedge funds have recently modified their holdings of the business. State Street Corp lifted its holdings in Toll Brothers by 1.2% during the third quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock valued at $565,802,000 after purchasing an additional 42,871 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Toll Brothers by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock worth $333,444,000 after buying an additional 84,652 shares during the period. FMR LLC increased its stake in Toll Brothers by 97.7% in the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after buying an additional 1,046,758 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Toll Brothers by 34.8% during the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $241,380,000 after acquiring an additional 541,140 shares during the period. Finally, Point72 Asset Management L.P. lifted its position in shares of Toll Brothers by 81.0% in the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after acquiring an additional 431,160 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

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.