Toll Brothers (NYSE:TOL) Downgraded to Sell Rating by StockNews.com

StockNews.com cut shares of Toll Brothers (NYSE:TOL) from a hold rating to a sell rating in a research note issued to investors on Monday morning.

Other equities research analysts have also recently issued research reports about the company. Bank of America cut their target price on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Royal Bank of Canada cut their target price on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Barclays cut their target price on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating for the company in a research note on Tuesday, February 25th. Wedbush reissued an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th. Finally, Oppenheimer cut their target price on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $147.57.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $110.66 on Monday. Toll Brothers has a one year low of $105.73 and a one year high of $169.52. The company has a market cap of $11.05 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 1.02 and a beta of 1.77. 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 business’s 50 day moving average price is $125.82 and its 200 day moving average price is $140.44.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. On average, research analysts predict that Toll Brothers will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.83%. Toll Brothers’s payout ratio is 6.33%.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now directly owns 13,186 shares of the company’s stock, valued at $1,458,107.88. The trade was a 3.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the sale, the director now directly owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,622 shares of company stock valued at $1,993,880 in the last three months. 1.54% of the stock is owned by corporate insiders.

Institutional Trading of Toll Brothers

A number of institutional investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Toll Brothers during the 4th quarter worth about $6,289,000. Jefferies Financial Group Inc. lifted its holdings in Toll Brothers by 59.4% during the 4th quarter. Jefferies Financial Group Inc. now owns 7,790 shares of the construction company’s stock worth $981,000 after buying an additional 2,903 shares during the last quarter. Challenger Wealth Management purchased a new stake in Toll Brothers during the 4th quarter worth about $327,000. Peak Retirement Planning Inc. purchased a new stake in Toll Brothers during the 4th quarter worth about $771,000. Finally, Toronto Dominion Bank lifted its holdings in Toll Brothers by 60.2% during the 4th quarter. Toronto Dominion Bank now owns 5,122 shares of the construction company’s stock worth $645,000 after buying an additional 1,925 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.