Toll Brothers (NYSE:TOL) Downgraded to “Market Perform” Rating by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods downgraded shares of Toll Brothers (NYSE:TOL) from an outperform rating to a market perform rating in a research note issued to investors on Tuesday morning, MarketBeat reports. They currently have $164.00 target price on the construction company’s stock, down from their previous target price of $168.00.

Several other equities analysts also recently commented on the company. Royal Bank of Canada upped their price objective on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Oppenheimer lifted their price objective on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Wedbush reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a report on Monday, December 2nd. Bank of America increased their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, StockNews.com cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $150.33.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $145.59 on Tuesday. The business’s fifty day simple moving average is $153.92 and its 200 day simple moving average is $139.06. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. Toll Brothers has a 12 month low of $91.92 and a 12 month high of $169.52. The firm has a market capitalization of $14.70 billion, a P/E ratio of 10.03, a price-to-earnings-growth ratio of 1.16 and a beta of 1.69.

Toll Brothers (NYSE:TOL) last issued its quarterly 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 net margin of 14.63% and a return on equity of 19.82%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the previous year, the firm earned $4.11 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, analysts anticipate that Toll Brothers will post 13.52 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a dividend of $0.23 per share. The ex-dividend date was Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.63%. Toll Brothers’s payout ratio is presently 6.34%.

Insider Activity at Toll Brothers

In related news, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $155.44, for a total transaction of $777,200.00. Following the sale, the chief financial officer now directly owns 9,721 shares in the company, valued at $1,511,032.24. The trade was a 33.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the transaction, the chief executive officer now owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. This trade represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,000 shares of company stock valued at $16,435,800 over the last 90 days. 1.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TOL. TCW Group Inc. grew its stake in shares of Toll Brothers by 27.9% in the 2nd quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock worth $8,713,000 after buying an additional 16,503 shares during the last quarter. Chartwell Investment Partners LLC increased its holdings in shares of Toll Brothers by 66.5% during the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after acquiring an additional 14,092 shares in the last quarter. Avior Wealth Management LLC raised its position in shares of Toll Brothers by 4,894.1% in the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after purchasing an additional 3,328 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Toll Brothers by 62,605.9% in the 3rd quarter. International Assets Investment Management LLC now owns 10,660 shares of the construction company’s stock worth $1,647,000 after purchasing an additional 10,643 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Toll Brothers by 549.5% during the 2nd quarter. SG Americas Securities LLC now owns 21,199 shares of the construction company’s stock valued at $2,442,000 after purchasing an additional 17,935 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

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.