Toll Brothers (NYSE:TOL) Stock Rating Reaffirmed by Wedbush

Wedbush reissued their neutral rating on shares of Toll Brothers (NYSE:TOL) in a research report sent to investors on Wednesday, Benzinga reports. Wedbush currently has a $120.00 price objective on the construction company’s stock.

Other research analysts have also issued research reports about the stock. StockNews.com lowered shares of Toll Brothers from a buy rating to a hold rating in a research note on Wednesday. UBS Group lifted their price target on Toll Brothers from $140.00 to $154.00 and gave the stock a buy rating in a report on Thursday, May 23rd. The Goldman Sachs Group upgraded Toll Brothers from a sell rating to a neutral rating and boosted their price target for the company from $112.00 to $124.00 in a research note on Monday, June 17th. Barclays lowered their price objective on Toll Brothers from $118.00 to $116.00 and set an underweight rating on the stock in a research report on Friday, July 12th. Finally, Raymond James reissued a strong-buy rating and issued a $145.00 target price (up previously from $135.00) on shares of Toll Brothers in a research report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Toll Brothers has a consensus rating of Moderate Buy and a consensus target price of $142.80.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $148.72 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 4.59 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average price is $126.00 and its two-hundred day moving average price is $121.44. The company has a market cap of $15.27 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 1.05 and a beta of 1.67. Toll Brothers has a twelve month low of $68.08 and a twelve month high of $148.95.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the prior year, the business earned $3.73 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts predict that Toll Brothers will post 12.94 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were given a dividend of $0.23 per share. The ex-dividend date was Friday, July 5th. This represents a $0.92 annualized dividend and a yield of 0.62%. Toll Brothers’s dividend payout ratio is currently 6.28%.

Insider Buying and Selling at Toll Brothers

In other news, CFO Martin P. Connor sold 16,194 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the transaction, the chief financial officer now owns 28,527 shares of the company’s stock, valued at approximately $3,387,295.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $118.74, for a total value of $1,922,875.56. Following the transaction, the chief financial officer now owns 28,527 shares in the company, valued at $3,387,295.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Martin P. Connor sold 3,806 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total value of $463,723.04. Following the transaction, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The disclosure for this sale can be found here. Company insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Toll Brothers by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock worth $1,158,255,000 after buying an additional 216,849 shares during the last quarter. Greenhaven Associates Inc. grew its position in Toll Brothers by 1.0% during the 2nd quarter. Greenhaven Associates Inc. now owns 5,565,787 shares of the construction company’s stock worth $641,067,000 after acquiring an additional 52,893 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Toll Brothers by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,620,912 shares of the construction company’s stock worth $372,198,000 after purchasing an additional 14,449 shares in the last quarter. Pacer Advisors Inc. raised its position in Toll Brothers by 34.8% in the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $241,380,000 after purchasing an additional 541,140 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Toll Brothers during the fourth quarter valued at about $128,982,000. 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.