Toll Brothers, Inc. (NYSE:TOL) Receives $150.86 Average Price Target from Brokerages

Toll Brothers, Inc. (NYSE:TOL) has been given an average recommendation of “Moderate Buy” by the fifteen brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $147.57.

A number of research analysts have weighed in on the stock. Royal Bank of Canada cut their price objective on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Wedbush reiterated an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research report on Friday, February 14th. Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Barclays cut their price objective on shares of Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a research report on Tuesday.

Insider Activity

In related news, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now owns 119,937 shares in the company, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christine Garvey sold 204 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the transaction, the director now owns 7,728 shares in the company, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,622 shares of company stock worth $1,993,880 over the last 90 days. 1.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Toll Brothers

Several hedge funds and other institutional investors have recently bought and sold shares of TOL. ORG Partners LLC acquired a new position in Toll Brothers in the 4th quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new stake in Toll Brothers in the 3rd quarter worth approximately $27,000. Brooklyn Investment Group purchased a new stake in Toll Brothers in the 3rd quarter worth approximately $27,000. Lee Danner & Bass Inc. purchased a new stake in Toll Brothers in the 4th quarter worth approximately $27,000. Finally, Larson Financial Group LLC boosted its position in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Trading Up 0.9 %

Shares of TOL opened at $111.64 on Monday. The company’s fifty day moving average is $126.93 and its 200 day moving average is $140.76. Toll Brothers has a fifty-two week low of $108.86 and a fifty-two week high of $169.52. The stock has a market capitalization of $11.15 billion, a PE ratio of 7.68, a P/E/G ratio of 1.02 and a beta of 1.76. 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 for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. Sell-side analysts expect that Toll Brothers will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.82%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.33%.

About Toll Brothers

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.