Toll Brothers (NYSE:TOL) Given “Neutral” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of Toll Brothers (NYSE:TOL) in a report released on Friday morning, MarketBeat Ratings reports. They currently have a $150.00 target price on the construction company’s stock, down from their previous target price of $166.00.

TOL has been the subject of a number of other reports. Wells Fargo & Company lifted their price objective on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Royal Bank of Canada boosted their price target on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday, December 11th. Evercore ISI upped their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Oppenheimer restated an “outperform” rating and issued a $189.00 price target on shares of Toll Brothers in a research report on Thursday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $152.53.

Toll Brothers Stock Down 3.3 %

Shares of NYSE:TOL opened at $133.85 on Friday. Toll Brothers has a 12 month low of $95.46 and a 12 month high of $169.52. The firm has a market cap of $13.51 billion, a P/E ratio of 8.91, a P/E/G ratio of 1.00 and a beta of 1.69. 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 company’s 50-day moving average price is $153.08 and its two-hundred day moving average price is $139.29.

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, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter last year, the business posted $4.11 earnings per share. Toll Brothers’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, research analysts forecast that Toll Brothers will post 14.57 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.69%. Toll Brothers’s payout ratio is 6.12%.

Insider Activity at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $154.51, for a total value of $7,725,500.00. Following the sale, the chief executive officer now owns 246,382 shares of the company’s stock, valued at approximately $38,068,482.82. This trade represents a 16.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value of $151,100.00. Following the transaction, the director now directly owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. This trade represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,000 shares of company stock valued at $16,435,800. 1.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted its stake in shares of Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares during the last quarter. First Trust Direct Indexing L.P. grew its stake in Toll Brothers by 1.4% in the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after purchasing an additional 72 shares in the last quarter. Fifth Third Bancorp grew its stake in Toll Brothers by 11.2% in the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock valued at $94,000 after purchasing an additional 82 shares in the last quarter. First Citizens Bank & Trust Co. increased its position in shares of Toll Brothers by 3.7% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock worth $363,000 after purchasing an additional 83 shares during the last quarter. Finally, Clifford Swan Investment Counsel LLC raised its stake in shares of Toll Brothers by 5.1% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock worth $212,000 after purchasing an additional 89 shares in the last quarter. 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.