Toll Brothers (NYSE:TOL) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Toll Brothers (NYSE:TOL) from a buy rating to a hold rating in a research report released on Wednesday morning.

Several other equities research analysts also recently weighed in on the company. Oppenheimer increased their price objective on Toll Brothers from $157.00 to $168.00 and gave the company an outperform rating in a report on Thursday, August 22nd. Keefe, Bruyette & Woods reissued an outperform rating and issued a $142.00 price objective on shares of Toll Brothers in a report on Wednesday, August 21st. UBS Group increased their price objective on Toll Brothers from $140.00 to $154.00 and gave the company a buy rating in a report on Thursday, May 23rd. Evercore ISI increased their price objective on Toll Brothers from $177.00 to $180.00 and gave the company an outperform rating in a report on Monday, July 15th. Finally, Citigroup decreased their price objective on Toll Brothers from $133.00 to $125.00 and set a neutral rating for the company in a report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $144.67.

Toll Brothers Stock Performance

Shares of TOL opened at $149.80 on Wednesday. The stock has a 50 day moving average price of $134.13 and a 200 day moving average price of $125.34. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $15.13 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 1.19 and a beta of 1.67. Toll Brothers has a 52-week low of $68.08 and a 52-week high of $150.30.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.73 earnings per share. Research analysts predict that Toll Brothers will post 13.31 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.61%. The ex-dividend date was Friday, July 5th. Toll Brothers’s payout ratio is 6.28%.

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total value of $3,248,587.44. Following the completion of the transaction, the chief financial officer now owns 14,721 shares in the company, valued at $2,109,224.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Toll Brothers news, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total value of $3,248,587.44. Following the completion of the transaction, the chief financial officer now owns 14,721 shares in the company, valued at $2,109,224.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the transaction, the chief executive officer now owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. The disclosure for this sale can be found here. 1.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in shares of Toll Brothers in the second quarter valued at $5,147,000. Cetera Investment Advisers boosted its stake in shares of Toll Brothers by 19.1% during the second quarter. Cetera Investment Advisers now owns 27,000 shares of the construction company’s stock valued at $3,110,000 after acquiring an additional 4,336 shares during the last quarter. Old North State Trust LLC boosted its stake in shares of Toll Brothers by 16.2% during the second quarter. Old North State Trust LLC now owns 1,926 shares of the construction company’s stock valued at $222,000 after acquiring an additional 268 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Toll Brothers by 81.0% during 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 during the last quarter. Finally, Chase Investment Counsel Corp acquired a new stake in shares of Toll Brothers during the second quarter valued at $921,000. Hedge funds and other 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.