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

Toll Brothers, Inc. (NYSE:TOL) has been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $147.57.

Several brokerages have recently issued reports on TOL. Citigroup lowered their price target on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. The Goldman Sachs Group decreased their target price on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Barclays cut their price target on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating for the company in a report on Tuesday, February 25th. Wedbush reissued an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a report on Friday, February 14th. Finally, Oppenheimer cut their target price on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th.

Toll Brothers Stock Performance

TOL stock opened at $107.13 on Friday. The firm has a 50 day moving average of $121.56 and a two-hundred day moving average of $137.79. Toll Brothers has a 12 month low of $102.49 and a 12 month high of $169.52. The company has a market capitalization of $10.70 billion, a price-to-earnings ratio of 7.37, a P/E/G ratio of 1.02 and a beta of 1.77. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. As a group, equities analysts anticipate that Toll Brothers will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. Toll Brothers’s dividend payout ratio is 6.88%.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, the director now owns 13,186 shares of the company’s stock, valued at $1,458,107.88. This represents a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the sale, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. The trade was a 35.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,785 shares of company stock valued at $1,479,185 in the last three months. Corporate insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

Several hedge funds have recently modified their holdings of TOL. Fiduciary Alliance LLC acquired a new position in Toll Brothers during the 4th quarter worth $1,117,000. Franklin Resources Inc. raised its position in shares of Toll Brothers by 5.4% during the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock worth $27,659,000 after acquiring an additional 9,195 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Toll Brothers during the third quarter valued at $12,506,000. Avior Wealth Management LLC boosted its holdings in Toll Brothers by 4,894.1% in the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock valued at $525,000 after acquiring an additional 3,328 shares during the last quarter. Finally, MML Investors Services LLC increased its position in Toll Brothers by 22.4% in the third quarter. MML Investors Services LLC now owns 23,005 shares of the construction company’s stock worth $3,554,000 after purchasing an additional 4,209 shares during the period. 91.76% of the stock is owned by institutional investors.

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.