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

Shares of Toll Brothers, Inc. (NYSE:TOLGet Free Report) have been assigned an average rating of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $109.20.

A number of research firms recently commented on TOL. Wells Fargo & Company upped their price objective on Toll Brothers from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Seaport Res Ptn lowered shares of Toll Brothers from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. JPMorgan Chase & Co. upped their target price on shares of Toll Brothers from $127.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Royal Bank of Canada lifted their price target on shares of Toll Brothers from $90.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, December 7th. Finally, Keefe, Bruyette & Woods upped their price objective on Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th.

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Toll Brothers Price Performance

TOL opened at $120.31 on Monday. The company’s 50-day simple moving average is $106.33 and its two-hundred day simple moving average is $91.39. Toll Brothers has a 52-week low of $56.84 and a 52-week high of $124.67. The stock has a market capitalization of $12.53 billion, a P/E ratio of 9.30, a P/E/G ratio of 1.04 and a beta of 1.65. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95.

Toll Brothers (NYSE:TOLGet Free Report) last issued its earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.48. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $1.70 earnings per share. As a group, analysts predict that Toll Brothers will post 13.72 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 5th will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, April 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.76%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s dividend payout ratio (DPR) is presently 7.11%.

Insider Buying and Selling

In other Toll Brothers news, Director Paul E. Shapiro sold 10,000 shares of Toll Brothers stock in a transaction on Friday, January 5th. The shares were sold at an average price of $99.70, for a total value of $997,000.00. Following the sale, the director now directly owns 119,704 shares in the company, valued at approximately $11,934,488.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at $41,167,500.70. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul E. Shapiro sold 10,000 shares of Toll Brothers stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $99.70, for a total value of $997,000.00. Following the completion of the sale, the director now directly owns 119,704 shares in the company, valued at approximately $11,934,488.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,755 shares of company stock worth $10,417,732. 1.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Atlantic Edge Private Wealth Management LLC bought a new position in Toll Brothers during the fourth quarter valued at $36,000. Hobbs Group Advisors LLC purchased a new position in Toll Brothers in the fourth quarter worth about $39,000. First Capital Advisors Group LLC. bought a new stake in Toll Brothers during the second quarter worth approximately $36,000. IFP Advisors Inc raised its position in Toll Brothers by 87.1% during the third quarter. IFP Advisors Inc now owns 494 shares of the construction company’s stock valued at $37,000 after purchasing an additional 230 shares during the period. Finally, Castleview Partners LLC bought a new stake in shares of Toll Brothers in the 3rd quarter valued at approximately $37,000. 91.11% of the stock is owned by hedge funds and other institutional investors.

About Toll Brothers

(Get Free Report

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.

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Analyst Recommendations for Toll Brothers (NYSE:TOL)

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