Toll Brothers, Inc. (NYSE:TOL) Receives $147.57 Consensus PT from Brokerages

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

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 target price (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Citigroup reduced their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. StockNews.com cut shares of Toll Brothers from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Bank of America lowered their price objective on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, February 20th.

Insider Buying and Selling

In other news, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the transaction, the chief financial officer now owns 20,618 shares in the company, valued at $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christine Garvey sold 204 shares of the stock in a transaction on 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 directly owns 7,728 shares in the company, valued at $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,785 shares of company stock worth $1,479,185 in the last quarter. Corporate insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

A number of hedge funds have recently bought and sold shares of TOL. 111 Capital bought a new stake in shares of Toll Brothers in the fourth quarter worth approximately $862,000. Wealth Enhancement Advisory Services LLC grew its position in Toll Brothers by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 304,952 shares of the construction company’s stock worth $38,409,000 after purchasing an additional 1,250 shares during the period. PKO Investment Management Joint Stock Co purchased a new stake in Toll Brothers during the 4th quarter valued at $1,071,000. Old North State Trust LLC lifted its holdings in shares of Toll Brothers by 150.7% during the 4th quarter. Old North State Trust LLC now owns 5,186 shares of the construction company’s stock valued at $653,000 after buying an additional 3,117 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Toll Brothers in the 4th quarter worth $6,289,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Trading Down 1.2 %

Shares of TOL opened at $105.94 on Friday. The stock has a market capitalization of $10.58 billion, a P/E ratio of 7.29, a PEG ratio of 1.02 and a beta of 1.77. Toll Brothers has a twelve month low of $102.49 and a twelve month high of $169.52. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $121.21 and a two-hundred day simple moving average of $137.49.

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

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.94%. 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. Toll Brothers’s payout ratio is currently 6.88%.

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.