Toll Brothers, Inc. (NYSE:TOL) Given Average Rating of “Moderate Buy” by Brokerages

Toll Brothers, Inc. (NYSE:TOL) has been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $152.53.

TOL has been the topic of several analyst reports. Wedbush reissued an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a research report on Wednesday, December 11th. Bank of America lifted their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Barclays increased their target price on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a report on Friday. Finally, Evercore ISI increased their price objective on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th.

Insider Activity

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the transaction, the chief executive officer now directly owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. This trade represents a 10.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $155.44, for a total value of $777,200.00. Following the sale, the chief financial officer now directly owns 9,721 shares of the company’s stock, valued at $1,511,032.24. The trade was a 33.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,000 shares of company stock worth $16,435,800. 1.54% of the stock is owned by corporate insiders.

Institutional Trading of Toll Brothers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Old North State Trust LLC boosted its position in shares of Toll Brothers by 7.4% in the third quarter. Old North State Trust LLC now owns 2,069 shares of the construction company’s stock valued at $320,000 after acquiring an additional 143 shares during the period. Franklin Resources Inc. boosted its holdings in Toll Brothers by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock valued at $27,659,000 after purchasing an additional 9,195 shares during the period. Peapack Gladstone Financial Corp acquired a new stake in Toll Brothers in the 3rd quarter worth $263,000. Tidal Investments LLC bought a new position in shares of Toll Brothers during the 3rd quarter worth about $258,000. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Toll Brothers by 39.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 12,559 shares of the construction company’s stock valued at $1,940,000 after buying an additional 3,570 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $133.85 on Wednesday. The company has a market capitalization of $13.51 billion, a PE ratio of 8.91, a price-to-earnings-growth ratio of 1.00 and a beta of 1.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92. The stock has a fifty day moving average of $153.08 and a 200-day moving average of $139.29. Toll Brothers has a one year low of $95.46 and a one year high of $169.52.

Toll Brothers (NYSE:TOL) last announced its earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.34 by $0.29. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. Toll Brothers’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.11 earnings per share. As a group, equities analysts anticipate that Toll Brothers will post 14.57 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers’s dividend payout ratio is 6.12%.

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.