Toll Brothers (NYSE:TOL) Given Outperform Rating at Wedbush

Wedbush restated their outperform rating on shares of Toll Brothers (NYSE:TOL) in a report issued on Monday morning,RTT News reports. The firm currently has a $175.00 price objective on the construction company’s stock.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company lifted their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Bank of America boosted their target price on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Seaport Res Ptn lowered Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Royal Bank of Canada lifted their price target on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, StockNews.com downgraded Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.87.

Toll Brothers Trading Down 0.8 %

NYSE TOL opened at $163.91 on Monday. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. Toll Brothers has a 52 week low of $86.38 and a 52 week high of $169.52. The business has a 50 day moving average price of $153.72 and a 200-day moving average price of $137.83. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 1.24 and a beta of 1.68.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s payout ratio is currently 6.34%.

Insider Activity at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $154.51, for a total value of $7,725,500.00. Following the completion of the transaction, the chief executive officer now directly owns 246,382 shares of the company’s stock, valued at $38,068,482.82. This trade represents a 16.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Martin P. Connor sold 5,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $155.44, for a total transaction of $777,200.00. Following the transaction, the chief financial officer now owns 9,721 shares of the company’s stock, valued at $1,511,032.24. This trade represents a 33.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,000 shares of company stock worth $16,435,800. 1.54% of the stock is owned by company insiders.

Institutional Trading of Toll Brothers

Several institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its position in shares of Toll Brothers by 14.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,571 shares of the construction company’s stock worth $7,319,000 after purchasing an additional 6,998 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Toll Brothers by 957.1% during the 1st quarter. Cetera Investment Advisers now owns 22,664 shares of the construction company’s stock worth $2,932,000 after acquiring an additional 20,520 shares during the last quarter. Cetera Advisors LLC bought a new stake in shares of Toll Brothers during the 1st quarter worth $733,000. GAMMA Investing LLC grew its position in Toll Brothers by 23.0% in the second quarter. GAMMA Investing LLC now owns 1,074 shares of the construction company’s stock worth $124,000 after acquiring an additional 201 shares in the last quarter. Finally, First Hawaiian Bank bought a new position in Toll Brothers in the second quarter valued at $362,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

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.