Shares of Toll Brothers Inc (NYSE:TOL) have been given an average rating of “Buy” by the twenty research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $50.75.
A number of research analysts have recently weighed in on TOL shares. MKM Partners increased their target price on shares of Toll Brothers to $54.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. ValuEngine downgraded shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Wells Fargo reissued an “outperform” rating and set a $54.00 target price (up from $42.00) on shares of Toll Brothers in a research report on Wednesday, December 6th. Zacks Investment Research cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Barclays set a $40.00 price target on shares of Toll Brothers and gave the company a “sell” rating in a research note on Tuesday, December 5th.
In other Toll Brothers news, CFO Martin P. Connor sold 8,450 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $51.76, for a total value of $437,372.00. Following the sale, the chief financial officer now directly owns 55,357 shares in the company, valued at approximately $2,865,278.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 20,000 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $49.83, for a total transaction of $996,600.00. Following the completion of the sale, the chief executive officer now owns 231,785 shares in the company, valued at $11,549,846.55. The disclosure for this sale can be found here. Insiders sold a total of 95,950 shares of company stock worth $4,910,012 over the last quarter. Corporate insiders own 9.01% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System lifted its stake in Toll Brothers by 5.2% in the 3rd quarter. California Public Employees Retirement System now owns 329,741 shares of the construction company’s stock worth $13,674,000 after purchasing an additional 16,441 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in Toll Brothers by 23.3% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 303,167 shares of the construction company’s stock worth $12,572,000 after purchasing an additional 57,261 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in Toll Brothers in the 4th quarter worth approximately $590,000. Toronto Dominion Bank lifted its stake in Toll Brothers by 118.8% in the 3rd quarter. Toronto Dominion Bank now owns 8,524 shares of the construction company’s stock worth $354,000 after purchasing an additional 4,628 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Toll Brothers by 73.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 125,517 shares of the construction company’s stock worth $5,205,000 after purchasing an additional 53,045 shares in the last quarter. Institutional investors and hedge funds own 85.99% of the company’s stock.
TOL stock opened at $44.09 on Wednesday. Toll Brothers has a 52-week low of $34.99 and a 52-week high of $52.73. The firm has a market cap of $6,885.63, a P/E ratio of 12.25, a PEG ratio of 0.75 and a beta of 1.38. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.89 and a current ratio of 7.31.
Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, February 27th. The construction company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.09. Toll Brothers had a net margin of 9.84% and a return on equity of 12.58%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the firm earned $0.42 EPS. The company’s revenue was up 27.7% compared to the same quarter last year. sell-side analysts anticipate that Toll Brothers will post 4.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be paid a $0.11 dividend. The ex-dividend date is Thursday, April 12th. This is a boost from Toll Brothers’s previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a yield of 1.00%. Toll Brothers’s dividend payout ratio is currently 8.89%.
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About Toll Brothers
Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
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