Toll Brothers Inc. (NYSE:TOL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Toll Brothers Inc. (NYSE:TOL) have been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $149.4286.

TOL has been the topic of several recent analyst reports. Evercore ISI reiterated an “in-line” rating and issued a $160.00 price target (down from $169.00) on shares of Toll Brothers in a report on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, October 8th. Wedbush reissued an “outperform” rating and set a $165.00 target price on shares of Toll Brothers in a research note on Thursday, September 18th. Royal Bank Of Canada upped their price target on shares of Toll Brothers from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Finally, Argus lifted their price objective on shares of Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, September 5th.

Insider Buying and Selling at Toll Brothers

In other news, COO Robert Parahus sold 9,831 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the transaction, the chief operating officer owned 19,692 shares in the company, valued at approximately $2,576,501.28. This trade represents a 33.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $138.26, for a total value of $3,456,500.00. Following the completion of the sale, the chief executive officer owned 286,117 shares of the company’s stock, valued at $39,558,536.42. The trade was a 8.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 38,643 shares of company stock valued at $5,305,630 in the last ninety days. Corporate insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Toll Brothers in the 2nd quarter worth approximately $154,782,000. AQR Capital Management LLC raised its stake in Toll Brothers by 83.1% in the second quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock worth $297,650,000 after buying an additional 1,183,304 shares in the last quarter. Long Pond Capital LP purchased a new stake in Toll Brothers during the first quarter worth $117,870,000. Holocene Advisors LP raised its position in shares of Toll Brothers by 150.7% in the 2nd quarter. Holocene Advisors LP now owns 1,249,722 shares of the construction company’s stock worth $142,631,000 after acquiring an additional 751,255 shares in the last quarter. Finally, Bamco Inc. NY lifted its position in shares of Toll Brothers by 116.9% during the second quarter. Bamco Inc. NY now owns 1,134,680 shares of the construction company’s stock valued at $129,501,000 after buying an additional 611,523 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

Toll Brothers stock opened at $133.43 on Friday. Toll Brothers has a 12-month low of $86.67 and a 12-month high of $169.52. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $137.58 and a 200-day moving average price of $122.86. The firm has a market capitalization of $12.86 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, beating the consensus estimate of $3.59 by $0.14. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.60 EPS. As a group, equities research analysts forecast that Toll Brothers will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.00 annualized dividend and a yield of 0.7%. Toll Brothers’s dividend payout ratio is 7.35%.

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.