Oppenheimer Reiterates “Outperform” Rating for Toll Brothers (NYSE:TOL)

Oppenheimer reaffirmed their outperform rating on shares of Toll Brothers (NYSE:TOL) in a research report report published on Thursday,Benzinga reports. The firm currently has a $189.00 target price on the construction company’s stock.

Other research analysts have also issued reports about the stock. Evercore ISI lifted their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays increased their target price on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, August 22nd. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Keefe, Bruyette & Woods lowered Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $168.00 to $164.00 in a research report on Tuesday. Finally, Royal Bank of Canada increased their price target on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average price target of $152.53.

Toll Brothers Stock Down 2.8 %

TOL opened at $138.38 on Thursday. Toll Brothers has a 52 week low of $91.92 and a 52 week high of $169.52. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The firm has a 50-day simple moving average of $153.40 and a two-hundred day simple moving average of $139.08. The company has a market capitalization of $13.97 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.69.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the business posted $4.11 earnings per share. Toll Brothers’s quarterly revenue was up 10.4% on a year-over-year basis. Analysts forecast that Toll Brothers will post 14.55 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers’s dividend payout ratio is currently 6.12%.

Insider Transactions at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the transaction, the chief executive officer now directly owns 296,382 shares in the company, valued at $45,361,265.10. The trade was a 7.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $155.44, for a total value of $777,200.00. Following the completion of the sale, the chief financial officer now owns 9,721 shares of the company’s stock, valued at approximately $1,511,032.24. This trade represents a 33.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,000 shares of company stock valued at $16,435,800. Corporate insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

Large investors have recently bought and sold shares of the stock. Larson Financial Group LLC raised its holdings 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 buying an additional 66 shares during the last quarter. First Trust Direct Indexing L.P. increased its position in shares of Toll Brothers by 1.4% in 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 during the period. Fifth Third Bancorp raised its stake in Toll Brothers by 11.2% in the 2nd quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock worth $94,000 after acquiring an additional 82 shares during the last quarter. First Citizens Bank & Trust Co. lifted its position 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 period. Finally, Clifford Swan Investment Counsel LLC increased its holdings in shares of Toll Brothers by 5.1% in the second quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock valued at $212,000 after purchasing an additional 89 shares during the period. Hedge funds and other institutional investors 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.