Toll Brothers (NYSE:TOL) Downgraded to Sell Rating by StockNews.com

StockNews.com downgraded shares of Toll Brothers (NYSE:TOL) from a hold rating to a sell rating in a research report released on Monday morning.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. UBS Group decreased their price objective on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Barclays lowered their target price on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a report on Tuesday, February 25th. Keefe, Bruyette & Woods decreased their price target on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 25th. Finally, Evercore ISI lifted their price objective on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.57.

Toll Brothers Price Performance

Shares of TOL stock opened at $108.40 on Monday. The business’s 50 day moving average price is $126.55 and its 200-day moving average price is $140.80. Toll Brothers has a fifty-two week low of $107.78 and a fifty-two week high of $169.52. The firm has a market cap of $10.83 billion, a P/E ratio of 7.46, a P/E/G ratio of 1.02 and a beta of 1.76. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

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

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.33%.

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the sale, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the sale, the director now owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. This trade represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,622 shares of company stock worth $1,993,880 in the last three months. Insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

A number of hedge funds have recently added to or reduced their stakes in TOL. ORG Partners LLC bought a new stake in shares of Toll Brothers in the fourth quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Toll Brothers during the third quarter valued at $27,000. Brooklyn Investment Group purchased a new stake in Toll Brothers during the 3rd quarter valued at about $27,000. Lee Danner & Bass Inc. acquired a new position in Toll Brothers in the 4th quarter worth approximately $27,000. Finally, Larson Financial Group LLC increased its stake in shares of Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares during the period. 91.76% of the stock is currently owned by 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.