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

Shares of Toll Brothers, Inc. (NYSE:TOL) have earned an average rating of “Moderate Buy” from the sixteen research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $152.53.

Several equities research analysts have commented on TOL shares. Keefe, Bruyette & Woods lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. Wells Fargo & Company lifted their price target on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Wedbush restated an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday, December 11th. Oppenheimer reiterated an “outperform” rating and set a $189.00 target price on shares of Toll Brothers in a research note on Thursday, December 12th. Finally, Evercore ISI increased their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th.

Insiders Place Their Bets

In related news, Director Christine Garvey sold 204 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the sale, the director now owns 7,728 shares in the company, valued at $972,027.84. The trade was a 2.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the sale, the chief executive officer now directly owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. This represents 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 over the last 90 days. Insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

Several hedge funds have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new stake in shares of Toll Brothers in the 3rd quarter valued at about $27,000. Brooklyn Investment Group purchased a new position in Toll Brothers in the 3rd quarter worth approximately $27,000. Larson Financial Group LLC lifted its position in Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Toll Brothers by 323.4% during the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after purchasing an additional 207 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Toll Brothers by 202.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after purchasing an additional 223 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Toll Brothers Stock Up 1.3 %

TOL stock opened at $126.23 on Friday. The firm has a market capitalization of $12.63 billion, a PE ratio of 8.40, a P/E/G ratio of 1.00 and a beta of 1.74. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. Toll Brothers has a twelve month low of $95.46 and a twelve month high of $169.52. The stock’s 50 day moving average is $145.59 and its 200-day moving average is $139.98.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.29. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $4.11 EPS. Sell-side analysts expect that Toll Brothers will post 14.57 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.73%. 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.