Toll Brothers (NYSE:TOL) Given New $154.00 Price Target at UBS Group

Toll Brothers (NYSE:TOL) had its price target boosted by UBS Group from $140.00 to $154.00 in a research report released on Thursday, Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

TOL has been the topic of a number of other research reports. The Goldman Sachs Group increased their price objective on shares of Toll Brothers from $94.00 to $96.00 and gave the stock a sell rating in a research report on Thursday, February 22nd. Raymond James restated a strong-buy rating and set a $145.00 price objective (up from $135.00) on shares of Toll Brothers in a research note on Thursday. StockNews.com upgraded shares of Toll Brothers from a hold rating to a buy rating in a research note on Tuesday, April 16th. Oppenheimer boosted their price target on shares of Toll Brothers from $141.00 to $157.00 and gave the stock an outperform rating in a report on Thursday, March 21st. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Toll Brothers from $120.00 to $135.00 and gave the company an outperform rating in a research note on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $123.07.

Toll Brothers Stock Performance

TOL stock opened at $122.91 on Thursday. The firm has a market cap of $12.80 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 0.99 and a beta of 1.67. The company has a current ratio of 4.59, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average price of $123.21 and a 200-day moving average price of $108.33. Toll Brothers has a 1-year low of $66.17 and a 1-year high of $135.37.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the firm posted $2.85 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, equities research analysts expect that Toll Brothers will post 12.92 earnings per share for the current year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a $0.23 dividend. The ex-dividend date was Thursday, April 4th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 0.75%. Toll Brothers’s payout ratio is presently 6.28%.

Insider Transactions at Toll Brothers

In related news, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the sale, the director now directly owns 9,389 shares in the company, valued at approximately $1,120,295.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the transaction, the director now directly owns 9,389 shares in the company, valued at approximately $1,120,295.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $116.05, for a total value of $580,250.00. Following the sale, the chief financial officer now owns 49,721 shares in the company, valued at approximately $5,770,122.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,500 shares of company stock worth $7,881,930. 1.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On Toll Brothers

Hedge funds have recently added to or reduced their stakes in the company. Voss Capital LLC bought a new stake in Toll Brothers in the 4th quarter worth approximately $8,223,000. Jennison Associates LLC boosted its stake in shares of Toll Brothers by 41.2% in the 4th quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock valued at $85,819,000 after purchasing an additional 243,553 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Toll Brothers by 87.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 36,337 shares of the construction company’s stock valued at $2,687,000 after purchasing an additional 16,993 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Toll Brothers by 11.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 510,961 shares of the construction company’s stock valued at $52,522,000 after purchasing an additional 54,384 shares during the last quarter. Finally, Natixis Advisors L.P. raised its position in Toll Brothers by 21.6% in the 3rd quarter. Natixis Advisors L.P. now owns 13,429 shares of the construction company’s stock worth $993,000 after purchasing an additional 2,386 shares during the period. 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.