Toll Brothers (NYSE:TOL) Upgraded at StockNews.com

StockNews.com upgraded shares of Toll Brothers (NYSE:TOL) from a hold rating to a buy rating in a research report report published on Tuesday morning.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. upped their price objective on Toll Brothers from $127.00 to $128.00 and gave the company an overweight rating in a research note on Friday, February 23rd. Wells Fargo & Company increased their price target on Toll Brothers from $120.00 to $130.00 and gave the stock an overweight rating in a research note on Thursday, February 22nd. Keefe, Bruyette & Woods increased their price target on Toll Brothers from $120.00 to $135.00 and gave the stock an outperform rating in a research note on Wednesday, February 28th. Citigroup lifted their target price on Toll Brothers from $116.00 to $138.00 and gave the company a neutral rating in a report on Friday, April 5th. Finally, The Goldman Sachs Group lifted their target price on Toll Brothers from $94.00 to $96.00 and gave the company a sell rating in a report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $113.80.

Toll Brothers Stock Down 0.8 %

TOL stock opened at $112.22 on Tuesday. The company has a market cap of $11.69 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 0.94 and a beta of 1.66. The business has a 50-day simple moving average of $117.45 and a 200 day simple moving average of $98.91. Toll Brothers has a 52 week low of $61.17 and a 52 week high of $130.63. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.48. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the business posted $1.70 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. Sell-side analysts anticipate that Toll Brothers will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a $0.23 dividend. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Thursday, April 4th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.11%.

Insiders Place Their Bets

In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.85, for a total value of $5,942,500.00. Following the completion of the sale, the chief executive officer now owns 346,382 shares in the company, valued at $41,167,500.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at approximately $41,167,500.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Carl B. Marbach sold 10,000 shares of Toll Brothers stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the sale, the director now directly owns 34,069 shares of the company’s stock, valued at $4,020,823.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,500 shares of company stock valued at $7,881,930. 1.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Toll Brothers

Several large investors have recently modified their holdings of TOL. Mezzasalma Advisors LLC increased its stake in shares of Toll Brothers by 287.2% during the first quarter. Mezzasalma Advisors LLC now owns 14,349 shares of the construction company’s stock valued at $1,856,000 after acquiring an additional 10,643 shares during the period. Lifestyle Asset Management Inc. acquired a new position in Toll Brothers in the 1st quarter worth approximately $1,398,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Toll Brothers by 106.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 20,239 shares of the construction company’s stock valued at $2,618,000 after buying an additional 10,439 shares during the period. Diversified Trust Co boosted its stake in shares of Toll Brothers by 125.6% during the 1st quarter. Diversified Trust Co now owns 5,826 shares of the construction company’s stock valued at $754,000 after buying an additional 3,244 shares during the period. Finally, Aviance Capital Partners LLC raised its holdings in shares of Toll Brothers by 3.3% during the 1st quarter. Aviance Capital Partners LLC now owns 22,267 shares of the construction company’s stock valued at $2,881,000 after purchasing an additional 701 shares in the last quarter. 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.