Toll Brothers (NYSE:TOL) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Toll Brothers (NYSE:TOL) from a sell rating to a hold rating in a report released on Tuesday.

Several other analysts also recently issued reports on TOL. The Goldman Sachs Group cut their price target on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Citigroup cut their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Oppenheimer cut their target price on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Barclays cut their target price on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $147.57.

Toll Brothers Price Performance

Shares of TOL opened at $106.90 on Tuesday. The firm has a market cap of $10.63 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 1.02 and a beta of 1.77. Toll Brothers has a 52 week low of $105.38 and a 52 week high of $169.52. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average of $124.38 and a 200-day moving average of $139.57.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. As a group, analysts forecast that Toll Brothers will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.94%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s payout ratio is presently 6.33%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TOL. Norges Bank purchased a new position in shares of Toll Brothers during the fourth quarter valued at $149,924,000. Balyasny Asset Management L.P. grew its holdings in shares of Toll Brothers by 24,475.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company’s stock valued at $140,400,000 after buying an additional 1,110,192 shares in the last quarter. FMR LLC grew its holdings in shares of Toll Brothers by 97.7% during the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after buying an additional 1,046,758 shares in the last quarter. D1 Capital Partners L.P. purchased a new position in shares of Toll Brothers during the fourth quarter valued at $106,428,000. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Toll Brothers during the third quarter valued at $111,562,000. 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.