Toll Brothers (NYSE:TOL) Coverage Initiated by Analysts at SunTrust Banks

SunTrust Banks initiated coverage on shares of Toll Brothers (NYSE:TOL) in a research note published on Monday morning, BenzingaRatingsTable reports. The brokerage issued a hold rating and a $37.00 price objective on the construction company’s stock.

TOL has been the topic of a number of other research reports. Royal Bank of Canada set a $37.00 target price on Toll Brothers and gave the company a hold rating in a research report on Thursday, May 23rd. Zacks Investment Research lowered Toll Brothers from a hold rating to a sell rating and set a $37.00 target price on the stock. in a research report on Wednesday, July 24th. ValuEngine lowered Toll Brothers from a hold rating to a sell rating in a research report on Tuesday, July 9th. Finally, Raymond James lowered Toll Brothers from an outperform rating to a market perform rating and set a $35.39 target price on the stock. in a research report on Thursday, May 30th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Toll Brothers has a consensus rating of Hold and a consensus target price of $35.49.

Shares of NYSE TOL traded up $0.45 during midday trading on Monday, reaching $35.92. 18,280 shares of the stock were exchanged, compared to its average volume of 1,567,892. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 1.07 and a beta of 0.98. Toll Brothers has a twelve month low of $28.68 and a twelve month high of $39.80. The firm has a 50-day moving average price of $36.25. The company has a current ratio of 7.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.73.



Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, May 21st. The construction company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.10. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Toll Brothers had a net margin of 10.01% and a return on equity of 15.57%. During the same quarter last year, the company earned $0.72 EPS. On average, analysts forecast that Toll Brothers will post 3.86 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were issued a $0.11 dividend. The ex-dividend date was Thursday, July 11th. This represents a $0.44 dividend on an annualized basis and a yield of 1.22%. Toll Brothers’s payout ratio is currently 9.34%.

In other Toll Brothers news, Director Edward G. Boehne sold 17,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $37.01, for a total value of $629,170.00. Following the transaction, the director now owns 64,304 shares in the company, valued at approximately $2,379,891.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carl B. Marbach sold 3,000 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $35.14, for a total value of $105,420.00. Following the completion of the transaction, the director now owns 85,463 shares in the company, valued at approximately $3,003,169.82. The disclosure for this sale can be found here. Insiders sold a total of 20,200 shares of company stock worth $742,192 in the last 90 days. 9.69% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. Mason Street Advisors LLC raised its holdings in shares of Toll Brothers by 0.5% during the 1st quarter. Mason Street Advisors LLC now owns 71,344 shares of the construction company’s stock worth $2,583,000 after acquiring an additional 330 shares during the period. Commerce Bank increased its position in shares of Toll Brothers by 3.1% during the 2nd quarter. Commerce Bank now owns 11,266 shares of the construction company’s stock worth $412,000 after purchasing an additional 337 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Toll Brothers by 1.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 18,530 shares of the construction company’s stock worth $679,000 after purchasing an additional 345 shares during the last quarter. MML Investors Services LLC increased its position in shares of Toll Brothers by 1.5% during the 2nd quarter. MML Investors Services LLC now owns 23,230 shares of the construction company’s stock worth $851,000 after purchasing an additional 349 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Toll Brothers by 4.9% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,428 shares of the construction company’s stock worth $272,000 after purchasing an additional 350 shares during the last quarter. Institutional investors own 81.49% of the company’s stock.

About Toll Brothers

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

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Analyst Recommendations for Toll Brothers (NYSE:TOL)

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