Royal Bank of Canada Increases Toll Brothers (NYSE:TOL) Price Target to $150.00

Toll Brothers (NYSE:TOL) had its price objective boosted by Royal Bank of Canada from $143.00 to $150.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the construction company’s stock.

TOL has been the subject of a number of other research reports. StockNews.com lowered Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Barclays boosted their price target on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, August 22nd. Wedbush reiterated an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research report on Wednesday. Oppenheimer boosted their price target on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Finally, Bank of America boosted their price objective on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and an average target price of $152.53.

Toll Brothers Trading Down 3.3 %

NYSE:TOL opened at $133.86 on Wednesday. Toll Brothers has a 12-month low of $95.46 and a 12-month high of $169.52. The firm has a market capitalization of $13.52 billion, a P/E ratio of 8.91, a P/E/G ratio of 1.07 and a beta of 1.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57. The business has a 50 day simple moving average of $153.40 and a 200 day simple moving average of $139.08.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the previous year, the firm posted $4.11 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities research analysts predict that Toll Brothers will post 14.55 EPS for the current year.

Toll Brothers Announces Dividend

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

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 9,721 shares of the company’s stock, valued at approximately $1,511,032.24. The trade was a 33.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $153.05, for a total value of $3,826,250.00. Following the transaction, the chief executive officer now directly owns 296,382 shares in the company, valued at $45,361,265.10. The trade was a 7.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,000 shares of company stock valued at $16,435,800 over the last three months. Company insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC grew its stake in Toll Brothers by 549.5% in the second 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 in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Toll Brothers in the second quarter valued at about $216,000. Diversified Trust Co grew its stake in Toll Brothers by 1.7% in the second quarter. Diversified Trust Co now owns 5,926 shares of the construction company’s stock valued at $683,000 after purchasing an additional 100 shares in the last quarter. ORG Partners LLC grew its stake in Toll Brothers by 592.6% in the second quarter. ORG Partners LLC now owns 1,967 shares of the construction company’s stock valued at $221,000 after purchasing an additional 1,683 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in Toll Brothers in the second quarter valued at about $274,000. 91.76% of the stock is owned by institutional investors and hedge funds.

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.