Toll Brothers (NYSE:TOL) Lowered to Sell at ValuEngine

ValuEngine cut shares of Toll Brothers (NYSE:TOL) from a hold rating to a sell rating in a report issued on Thursday morning, ValuEngine reports.

Several other brokerages have also recently issued reports on TOL. Cfra cut Toll Brothers from a hold rating to a sell rating in a research note on Monday, February 3rd. Evercore ISI cut Toll Brothers from an in-line rating to an underperform rating and raised their price objective for the stock from $39.00 to $40.00 in a research note on Monday, January 6th. Royal Bank of Canada upgraded Toll Brothers from a sector perform rating to an outperform rating and raised their price objective for the stock from $39.00 to $50.00 in a research note on Wednesday, February 5th. Finally, Goldman Sachs Group initiated coverage on Toll Brothers in a research note on Friday, December 6th. They set a neutral rating and a $42.00 price objective on the stock. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and an average price target of $40.00.

Shares of TOL stock traded down $0.53 during mid-day trading on Thursday, reaching $47.58. 4,363,700 shares of the company were exchanged, compared to its average volume of 2,230,127. Toll Brothers has a fifty-two week low of $34.34 and a fifty-two week high of $49.31. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 7.06. The company has a market capitalization of $6.37 billion, a P/E ratio of 11.78, a P/E/G ratio of 1.37 and a beta of 0.88. The business’s 50 day simple moving average is $43.74 and its 200 day simple moving average is $39.96.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Monday, December 9th. The construction company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.12. Toll Brothers had a net margin of 8.17% and a return on equity of 11.83%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the company earned $2.08 earnings per share. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, analysts forecast that Toll Brothers will post 3.92 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, January 9th. Toll Brothers’s payout ratio is 10.92%.

In other Toll Brothers news, Director Christine Garvey sold 16,954 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $40.76, for a total value of $691,045.04. Following the sale, the director now directly owns 3,335 shares in the company, valued at $135,934.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.94% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Ancora Advisors LLC acquired a new position in shares of Toll Brothers during the fourth quarter valued at $40,000. St. Johns Investment Management Company LLC acquired a new position in shares of Toll Brothers during the third quarter valued at $52,000. Quadrant Capital Group LLC increased its holdings in shares of Toll Brothers by 72.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,374 shares of the construction company’s stock valued at $51,000 after purchasing an additional 579 shares during the period. Sandy Spring Bank increased its holdings in shares of Toll Brothers by 100.0% during the third quarter. Sandy Spring Bank now owns 2,000 shares of the construction company’s stock valued at $82,000 after purchasing an additional 1,000 shares during the period. Finally, Cerebellum GP LLC acquired a new position in shares of Toll Brothers during the third quarter valued at $120,000. 84.91% of the stock is currently owned by institutional investors.

Toll Brothers Company Profile

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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