Toll Brothers’ (TOL) Outperform Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of Toll Brothers (NYSE:TOL) in a research note published on Friday morning,RTT News reports. Wedbush currently has a $175.00 target price on the construction company’s stock.

Other analysts have also issued reports about the stock. Royal Bank of Canada increased their target price on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Citigroup dropped their target price on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Keefe, Bruyette & Woods lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $168.00 to $164.00 in a report on Tuesday, December 10th. Finally, Barclays dropped their target price on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and an average target price of $156.00.

Toll Brothers Stock Up 0.1 %

Shares of NYSE:TOL opened at $123.60 on Friday. The stock’s 50-day moving average price is $131.17 and its 200-day moving average price is $141.97. Toll Brothers has a 12-month low of $100.47 and a 12-month high of $169.52. The stock has a market capitalization of $12.35 billion, a P/E ratio of 8.22, a price-to-earnings-growth ratio of 1.15 and a beta of 1.76. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period last year, the firm earned $4.11 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities analysts anticipate that Toll Brothers will post 14.15 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.74%. Toll Brothers’s payout ratio is 6.12%.

Insider Activity

In other news, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the transaction, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the sale, the director now directly owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,202 shares of company stock worth $1,947,436. Insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Institutional investors and hedge funds have recently made changes to their positions in the company. ORG Partners LLC bought a new stake in shares of Toll Brothers during the fourth quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new stake in shares of Toll Brothers during the third quarter valued at approximately $27,000. Brooklyn Investment Group bought a new stake in shares of Toll Brothers during the third quarter valued at approximately $27,000. Lee Danner & Bass Inc. bought a new stake in shares of Toll Brothers during the fourth quarter valued at approximately $27,000. Finally, Larson Financial Group LLC grew its position in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares during the period. 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.