Toll Brothers, Inc. (NYSE:TOL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Toll Brothers, Inc. (NYSE:TOL) has earned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $147.57.

Several research analysts have recently weighed in on TOL shares. Royal Bank of Canada lowered their target price on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Citigroup dropped their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a report on Monday, January 6th. UBS Group cut their target price on Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, Wedbush reissued an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research report on Friday, February 14th.

Toll Brothers Trading Up 0.8 %

Shares of TOL stock opened at $111.07 on Friday. Toll Brothers has a fifty-two week low of $102.49 and a fifty-two week high of $169.52. 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 stock’s fifty day moving average is $120.51 and its two-hundred day moving average is $137.10. The firm has a market capitalization of $11.09 billion, a P/E ratio of 7.64, a PEG ratio of 1.02 and a beta of 1.77.

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

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.25 dividend. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Friday, April 11th. Toll Brothers’s dividend payout ratio is currently 6.88%.

Insider Buying and Selling

In related news, Director Christine Garvey sold 204 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. This represents a 2.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,764 shares of company stock valued at $1,476,523. Company insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Several large investors have recently added to or reduced their stakes in the business. Atria Investments Inc grew its stake in shares of Toll Brothers by 22.2% in the third quarter. Atria Investments Inc now owns 2,569 shares of the construction company’s stock worth $397,000 after acquiring an additional 466 shares in the last quarter. CIBC Asset Management Inc grew its stake in Toll Brothers by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company’s stock worth $472,000 after purchasing an additional 109 shares in the last quarter. Natixis Advisors LLC grew its stake in Toll Brothers by 133.2% during the 3rd quarter. Natixis Advisors LLC now owns 53,521 shares of the construction company’s stock worth $8,269,000 after purchasing an additional 30,566 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Toll Brothers by 1.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 27,644 shares of the construction company’s stock worth $4,271,000 after purchasing an additional 491 shares during the period. Finally, Caprock Group LLC acquired a new stake in Toll Brothers in the 3rd quarter valued at about $328,000. 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.