Toll Brothers, Inc. (NYSE:TOL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Toll Brothers, Inc. (NYSE:TOL) have earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $158.07.

Several equities analysts have recently weighed in on TOL shares. UBS Group lowered their price objective on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $168.00 to $164.00 in a research report on Tuesday, December 10th. Citigroup cut their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research report on Monday. Royal Bank of Canada upped their price objective on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Bank of America raised their price objective on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th.

Insider Activity

In other news, CFO Martin P. Connor sold 11,140 shares of the company’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 sale, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This represents a 35.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the completion of the transaction, the chief executive officer now directly owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. This trade represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,202 shares of company stock worth $5,903,186 over the last 90 days. Corporate insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Several institutional investors have recently bought and sold shares of TOL. Larson Financial Group LLC raised its holdings in Toll Brothers by 57.9% during the 3rd 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 period. First Trust Direct Indexing L.P. boosted its stake in shares of 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 worth $786,000 after purchasing an additional 72 shares during the period. First Citizens Bank & Trust Co. grew 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 valued at $363,000 after purchasing an additional 83 shares during the last quarter. Clifford Swan Investment Counsel LLC raised its position in Toll Brothers by 5.1% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock worth $212,000 after purchasing an additional 89 shares during the period. Finally, Versant Capital Management Inc lifted its stake in Toll Brothers by 15.1% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock worth $88,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

Shares of TOL opened at $126.93 on Friday. The firm has a fifty day simple moving average of $143.81 and a two-hundred day simple moving average of $140.23. The firm has a market cap of $12.70 billion, a PE ratio of 8.45, a P/E/G ratio of 1.00 and a beta of 1.74. The company has a current ratio of 4.92, a quick ratio of 0.57 and a debt-to-equity ratio of 0.37. Toll Brothers has a 1-year low of $95.46 and a 1-year high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. Toll Brothers’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.11 earnings per share. On average, equities analysts anticipate that Toll Brothers will post 14.57 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.12%.

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.