Toll Brothers (NYSE:TOL) Price Target Raised to $150.00

Toll Brothers (NYSE:TOL) had its target price increased by Royal Bank of Canada from $143.00 to $150.00 in a report published on Wednesday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the construction company’s stock.

Several other research firms have also weighed in on TOL. Wells Fargo & Company lifted their price objective on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday. Oppenheimer lifted their price objective on Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Bank of America lifted their price objective on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Keefe, Bruyette & Woods downgraded Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $168.00 to $164.00 in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $152.53.

Toll Brothers Stock Down 3.3 %

Shares of NYSE:TOL opened at $133.86 on Wednesday. The stock’s 50-day moving average price is $153.40 and its two-hundred day moving average price is $139.08. The company has a current ratio of 4.92, a quick ratio of 0.57 and a debt-to-equity ratio of 0.37. Toll Brothers has a 12-month low of $95.46 and a 12-month high of $169.52. The firm has a market cap of $13.52 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 1.07 and a beta of 1.69.

Toll Brothers (NYSE:TOL) last released 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 analyst estimates of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $4.11 EPS. On average, research analysts forecast that Toll Brothers will post 14.55 EPS for the current year.

Toll Brothers Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.69%. Toll Brothers’s dividend payout ratio is presently 6.12%.

Insiders Place Their Bets

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the sale, the chief executive officer now directly owns 246,382 shares in the company, valued at $38,068,482.82. The trade was a 16.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John A. Mclean sold 1,000 shares of Toll Brothers stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the transaction, the director now owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. The trade was a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,000 shares of company stock worth $16,435,800 in the last three months. 1.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Old North State Trust LLC grew its position in shares of Toll Brothers by 7.4% in the 3rd quarter. Old North State Trust LLC now owns 2,069 shares of the construction company’s stock worth $320,000 after acquiring an additional 143 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Toll Brothers by 5.4% in the 3rd 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 in the last quarter. Peapack Gladstone Financial Corp acquired a new position in shares of Toll Brothers in the 3rd quarter worth approximately $263,000. Tidal Investments LLC acquired a new position in shares of Toll Brothers in the 3rd quarter worth approximately $258,000. Finally, Wilmington Savings Fund Society FSB boosted its position in Toll Brothers by 39.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 12,559 shares of the construction company’s stock valued at $1,940,000 after purchasing an additional 3,570 shares during the period. 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.