Toll Brothers Inc (TOL) Given Average Recommendation of “Hold” by Brokerages

Shares of Toll Brothers Inc (NYSE:TOL) have been assigned an average recommendation of “Hold” from the twenty-two research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $48.17.

A number of analysts have weighed in on TOL shares. Barclays reiterated a “sell” rating and issued a $37.00 target price (down previously from $39.00) on shares of Toll Brothers in a research note on Friday, September 14th. Bank of America increased their target price on Toll Brothers from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. ValuEngine lowered Toll Brothers from a “sell” rating to a “strong sell” rating in a research note on Monday, September 24th. Deutsche Bank lowered Toll Brothers from a “buy” rating to a “hold” rating and cut their price target for the company from $51.00 to $29.00 in a research note on Monday, October 22nd. Finally, Mizuho set a $46.00 price target on Toll Brothers and gave the company a “buy” rating in a research note on Friday, August 31st.

In other Toll Brothers news, Director Edward G. Boehne sold 17,000 shares of Toll Brothers stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $37.64, for a total value of $639,880.00. Following the transaction, the director now owns 99,598 shares in the company, valued at $3,748,868.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.01% of the stock is owned by insiders.



A number of institutional investors and hedge funds have recently bought and sold shares of the business. Matthew 25 Management Corp grew its stake in Toll Brothers by 6.9% in the third quarter. Matthew 25 Management Corp now owns 545,000 shares of the construction company’s stock valued at $18,001,000 after purchasing an additional 35,000 shares during the last quarter. Parsec Financial Management Inc. grew its stake in Toll Brothers by 4.3% in the third quarter. Parsec Financial Management Inc. now owns 68,544 shares of the construction company’s stock valued at $2,264,000 after purchasing an additional 2,823 shares during the last quarter. Congress Park Capital LLC purchased a new position in Toll Brothers in the third quarter valued at about $260,000. James Investment Research Inc. grew its stake in Toll Brothers by 25.4% in the third quarter. James Investment Research Inc. now owns 65,780 shares of the construction company’s stock valued at $2,173,000 after purchasing an additional 13,330 shares during the last quarter. Finally, Alps Advisors Inc. grew its stake in Toll Brothers by 32.5% in the third quarter. Alps Advisors Inc. now owns 13,489 shares of the construction company’s stock valued at $446,000 after purchasing an additional 3,312 shares during the last quarter. Institutional investors own 81.96% of the company’s stock.

TOL stock opened at $33.66 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 6.98. Toll Brothers has a twelve month low of $28.68 and a twelve month high of $52.73. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 0.44 and a beta of 1.34.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 21st. The construction company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.23. Toll Brothers had a return on equity of 13.49% and a net margin of 9.37%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the firm posted $0.87 earnings per share. The business’s revenue was up 27.3% compared to the same quarter last year. Sell-side analysts predict that Toll Brothers will post 4.46 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Friday, October 12th were paid a $0.11 dividend. The ex-dividend date was Thursday, October 11th. This represents a $0.44 annualized dividend and a yield of 1.31%. Toll Brothers’s dividend payout ratio (DPR) is presently 13.88%.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.

Read More: Trading Strategy Examples and Plans

Analyst Recommendations for Toll Brothers (NYSE:TOL)

Receive News & Ratings for Toll Brothers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply