Analysts Set Toll Brothers, Inc. (NYSE:TOL) PT at $147.57

Toll Brothers, Inc. (NYSE:TOL) has been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $147.57.

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods cut their price objective on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research note on Tuesday, February 25th. The Goldman Sachs Group dropped their price target on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Wells Fargo & Company lowered their target price on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. UBS Group cut their price target 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, Bank of America lowered their price objective on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th.

Toll Brothers Trading Down 1.2 %

Shares of Toll Brothers stock opened at $105.94 on Friday. Toll Brothers has a 1-year low of $102.49 and a 1-year high of $169.52. The company’s fifty day simple moving average is $121.21 and its 200-day simple moving average is $137.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The stock has a market capitalization of $10.58 billion, a PE ratio of 7.29, a P/E/G ratio of 1.02 and a beta of 1.77.

Toll Brothers (NYSE:TOL) last released its 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 company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. As a group, equities analysts anticipate that Toll Brothers will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.25 dividend. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.94%. Toll Brothers’s payout ratio is presently 6.88%.

Insider Transactions at Toll Brothers

In other news, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the sale, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold 11,785 shares of company stock valued at $1,479,185 in the last ninety days. Corporate insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Several institutional investors have recently modified their holdings of the stock. ORG Partners LLC purchased a new stake in Toll Brothers during the 4th quarter valued at $25,000. Brooklyn Investment Group purchased a new stake in shares of Toll Brothers in the third quarter valued at $27,000. Lee Danner & Bass Inc. purchased a new stake in shares of Toll Brothers in the fourth quarter valued at $27,000. Larson Financial Group LLC lifted its holdings in shares of Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares during the last quarter. Finally, Promus Capital LLC purchased a new position in shares of Toll Brothers during the 4th quarter worth about $29,000. 91.76% of the stock is 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.