Toll Brothers, Inc. (NYSE:TOL) Receives Average Rating of “Moderate Buy” from Analysts

Toll Brothers, Inc. (NYSE:TOL) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $158.07.

Several brokerages have recently commented on TOL. UBS Group decreased their price objective on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday. Wedbush restated an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research report on Wednesday, December 11th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Bank of America lifted their target price on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Finally, Citigroup reduced their price target on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the transaction, the chief executive officer now directly owns 221,382 shares in the company, valued at approximately $35,029,273.86. The trade was a 10.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,202 shares of company stock valued at $5,903,186 in the last three months. 1.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Toll Brothers

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Toll Brothers by 1.2% in the third quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock valued at $565,802,000 after acquiring an additional 42,871 shares in the last quarter. Geode Capital Management LLC increased its position in Toll Brothers by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock worth $333,444,000 after purchasing an additional 84,652 shares during the period. FMR LLC raised its stake in shares of Toll Brothers by 97.7% during the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after buying an additional 1,046,758 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Toll Brothers by 34.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $241,380,000 after buying an additional 541,140 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in shares of Toll Brothers by 81.0% in the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after buying an additional 431,160 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Stock Down 2.8 %

Shares of NYSE TOL opened at $123.51 on Friday. Toll Brothers has a 1 year low of $95.46 and a 1 year high of $169.52. The company has a market capitalization of $12.36 billion, a P/E ratio of 8.22, a P/E/G ratio of 1.00 and a beta of 1.74. The company has a 50 day simple moving average of $143.35 and a 200-day simple moving average of $140.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the business posted $4.11 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts predict that Toll Brothers will post 14.57 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Friday, January 10th. Toll Brothers’s payout ratio is 6.12%.

Toll Brothers Company Profile

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.