Toll Brothers, Inc. (NYSE:TOL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Toll Brothers, Inc. (NYSE:TOL) have been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $147.57.

A number of brokerages have weighed in on TOL. StockNews.com cut Toll Brothers from a “hold” rating to a “sell” rating in a research report on Friday. Citigroup reduced their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a report on Monday, January 6th. UBS Group lowered their price target on Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Keefe, Bruyette & Woods reduced their price objective on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research note on Tuesday, February 25th. Finally, Wedbush reiterated an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th.

Toll Brothers Price Performance

Shares of TOL opened at $109.01 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The firm has a market cap of $10.89 billion, a PE ratio of 7.50, a PEG ratio of 1.02 and a beta of 1.77. The firm’s 50 day moving average price is $119.51 and its 200 day moving average price is $136.72. Toll Brothers has a twelve month low of $102.49 and a twelve month high of $169.52.

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

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio (DPR) is presently 6.88%.

Insider Activity

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the sale, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. The trade was a 35.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christine Garvey sold 420 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the transaction, the director now owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,764 shares of company stock worth $1,476,523. Company insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Several large investors have recently modified their holdings of TOL. ORG Partners LLC acquired a new stake in Toll Brothers in the 4th quarter valued at $25,000. Brooklyn Investment Group bought a new position in shares of Toll Brothers during the third quarter valued at $27,000. Lee Danner & Bass Inc. bought a new stake in shares of Toll Brothers in the 4th quarter worth about $27,000. Larson Financial Group LLC grew its holdings in shares of 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 during the last quarter. Finally, Promus Capital LLC bought a new position in Toll Brothers during the 4th quarter valued at about $29,000. 91.76% of the stock is currently owned by institutional investors.

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.