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

Toll Brothers, Inc. (NYSE:TOL) has been assigned an average rating of “Moderate Buy” from the sixteen analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $113.80.

Several analysts have commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. The Goldman Sachs Group increased their target price on Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a report on Thursday, February 22nd. Seaport Res Ptn lowered Toll Brothers from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Wolfe Research upgraded Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price objective for the company in a report on Monday, January 8th. Finally, Wedbush restated a “neutral” rating and issued a $87.00 target price on shares of Toll Brothers in a research note on Wednesday, February 21st.

Toll Brothers Price Performance

TOL opened at $123.63 on Tuesday. The stock has a market cap of $12.88 billion, a P/E ratio of 9.55, a P/E/G ratio of 1.01 and a beta of 1.67. Toll Brothers has a 12 month low of $62.26 and a 12 month high of $130.63. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $120.36 and a 200 day simple moving average of $102.42.

Toll Brothers (NYSE:TOL) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.70 earnings per share. On average, research analysts expect that Toll Brothers will post 13.71 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a dividend of $0.23 per share. The ex-dividend date was Thursday, April 4th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 0.74%. Toll Brothers’s payout ratio is currently 7.11%.

Insider Activity

In related news, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $116.05, for a total transaction of $580,250.00. Following the completion of the transaction, the chief financial officer now owns 49,721 shares in the company, valued at $5,770,122.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the transaction, the director now directly owns 9,389 shares in the company, valued at $1,120,295.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $116.05, for a total transaction of $580,250.00. Following the sale, the chief financial officer now owns 49,721 shares of the company’s stock, valued at approximately $5,770,122.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,500 shares of company stock valued at $7,881,930. 1.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Register Financial Advisors LLC bought a new stake in shares of Toll Brothers during the first quarter worth approximately $26,000. Contravisory Investment Management Inc. bought a new stake in Toll Brothers in the 1st quarter valued at $34,000. Rise Advisors LLC acquired a new position in Toll Brothers in the 1st quarter valued at $35,000. Atlantic Edge Private Wealth Management LLC bought a new position in Toll Brothers during the 4th quarter worth $36,000. Finally, IFP Advisors Inc lifted its holdings in shares of Toll Brothers by 87.1% during the third quarter. IFP Advisors Inc now owns 494 shares of the construction company’s stock worth $37,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

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.