Toll Brothers (NYSE:TOL) Upgraded at Seaport Res Ptn

Seaport Res Ptn upgraded shares of Toll Brothers (NYSE:TOL) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Other research analysts also recently issued reports about the company. Royal Bank of Canada lifted their target price on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Evercore ISI lifted their price objective on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Bank of America decreased their target price on shares of Toll Brothers from $165.00 to $156.00 and set a “buy” rating for the company in a research report on Monday. UBS Group dropped their price target on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Barclays decreased their price objective on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

Toll Brothers Stock Performance

NYSE:TOL opened at $135.78 on Monday. The stock’s 50-day moving average is $138.97 and its 200-day moving average is $142.37. Toll Brothers has a 1-year low of $97.45 and a 1-year high of $169.52. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. The stock has a market cap of $13.58 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 1.04 and a beta of 1.74.

Toll Brothers (NYSE:TOL) last posted its 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. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.11 EPS. Equities research analysts anticipate that Toll Brothers will post 14.25 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers’s payout ratio is 6.12%.

Insider Buying and Selling

In related news, Director Christine Garvey sold 204 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the sale, the director now owns 7,728 shares in the company, valued at $972,027.84. This represents a 2.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the transaction, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,202 shares of company stock valued at $1,947,436. 1.54% of the stock is owned by company insiders.

Institutional Trading of Toll Brothers

Institutional investors and hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC boosted its position in shares of Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after buying an additional 66 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in Toll Brothers by 1.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after acquiring an additional 72 shares in the last quarter. First Citizens Bank & Trust Co. boosted its holdings in Toll Brothers by 3.7% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock worth $363,000 after acquiring an additional 83 shares during the last quarter. Nilsine Partners LLC grew its stake in shares of Toll Brothers by 0.5% in the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock worth $2,433,000 after acquiring an additional 88 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Toll Brothers by 15.1% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock valued at $88,000 after purchasing an additional 92 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

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.