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

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

TOL has been the topic of a number of recent analyst reports. Citigroup decreased their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Royal Bank of Canada decreased their price objective on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, Oppenheimer decreased their price objective on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th.

Insiders Place Their Bets

In related news, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the sale, the director now directly owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,622 shares of company stock valued at $1,993,880 in the last three months. 1.54% of the stock is currently owned by insiders.

Institutional Trading of Toll Brothers

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp increased its position in shares of Toll Brothers by 1.2% during the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock worth $565,802,000 after purchasing an additional 42,871 shares during the last quarter. FMR LLC boosted its holdings in Toll Brothers by 19.4% during the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company’s stock valued at $318,509,000 after acquiring an additional 410,394 shares during the period. Geode Capital Management LLC boosted its holdings in Toll Brothers by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company’s stock valued at $276,263,000 after acquiring an additional 35,001 shares during the period. Invesco Ltd. boosted its holdings in Toll Brothers by 14.2% during the 4th quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company’s stock valued at $239,751,000 after acquiring an additional 236,402 shares during the period. Finally, Jennison Associates LLC boosted its holdings in Toll Brothers by 38.7% during the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock valued at $154,449,000 after acquiring an additional 341,980 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Trading Up 0.9 %

Shares of NYSE:TOL opened at $111.64 on Monday. Toll Brothers has a 1 year low of $108.86 and a 1 year high of $169.52. The firm has a market capitalization of $11.15 billion, a price-to-earnings ratio of 7.68, a price-to-earnings-growth ratio of 1.02 and a beta of 1.76. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The business’s 50 day moving average price is $126.93 and its 200-day moving average price is $140.76.

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

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.33%.

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.