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

Toll Brothers, Inc. (NYSE:TOL) has been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $158.07.

A number of brokerages have recently issued reports on TOL. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. Bank of America lifted their price objective on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. UBS Group dropped their target price on Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Royal Bank of Canada lifted their price target on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th.

Toll Brothers Trading Up 2.5 %

Shares of TOL stock opened at $126.93 on Friday. The business has a 50-day moving average price of $143.81 and a two-hundred day moving average price of $140.23. Toll Brothers has a 12-month low of $95.46 and a 12-month high of $169.52. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The firm has a market cap of $12.70 billion, a P/E ratio of 8.45, a price-to-earnings-growth ratio of 1.00 and a beta of 1.74.

Toll Brothers (NYSE:TOL) last released its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the previous year, the company posted $4.11 EPS. Toll Brothers’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities analysts anticipate that Toll Brothers will post 14.57 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers’s payout ratio is currently 6.12%.

Insiders Place Their Bets

In related news, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was 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 in the company, valued at $2,599,311.26. This represents a 35.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the transaction, the chief executive officer now owns 221,382 shares of the company’s stock, valued at $35,029,273.86. The trade was a 10.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,202 shares of company stock worth $5,903,186. Company insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

A number of institutional investors have recently modified their holdings of the stock. Capital Performance Advisors LLP bought a new position in Toll Brothers in the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group bought a new position in shares of Toll Brothers during the third quarter valued at $27,000. Larson Financial Group LLC boosted its position in shares of Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after buying an additional 66 shares during the last quarter. UMB Bank n.a. increased its holdings in Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after buying an additional 207 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Toll Brothers by 202.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after buying an additional 223 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

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.