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 report issued on Tuesday.

TOL has been the topic of several other reports. Barclays boosted their price target on Toll Brothers from $95.00 to $115.00 and gave the company an underweight rating in a research note on Monday, February 26th. Keefe, Bruyette & Woods increased their price target on Toll Brothers from $120.00 to $135.00 and gave the company an outperform rating in a research report on Wednesday, February 28th. Wells Fargo & Company increased their price target on Toll Brothers from $120.00 to $130.00 and gave the company an overweight rating in a research report on Thursday, February 22nd. Wedbush reissued a neutral rating and issued a $87.00 price target on shares of Toll Brothers in a research report on Wednesday, February 21st. Finally, 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $113.80.

Toll Brothers Stock Performance

Toll Brothers stock opened at $112.22 on Tuesday. Toll Brothers has a 12-month low of $61.17 and a 12-month 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. The business’s 50-day moving average price is $117.45 and its two-hundred day moving average price is $98.91. The stock has a market cap of $11.69 billion, a PE ratio of 8.67, a P/E/G ratio of 0.94 and a beta of 1.66.

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. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. 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. As a group, analysts expect that Toll Brothers will post 13.71 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

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

Insider Buying and Selling at Toll Brothers

In related news, Director Stephen F. East sold 1,500 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the sale, the director now owns 9,389 shares in the company, valued at $1,120,295.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Carl B. Marbach sold 10,000 shares of Toll Brothers stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.02, for a total value of $1,180,200.00. Following the transaction, the director now directly owns 34,069 shares in the company, valued at approximately $4,020,823.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the transaction, the director now owns 9,389 shares in the company, valued at $1,120,295.48. 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 owned by company insiders.

Hedge Funds Weigh In On Toll Brothers

Large investors have recently bought and sold shares of the business. Mezzasalma Advisors LLC lifted its stake in Toll Brothers by 287.2% during the first quarter. Mezzasalma Advisors LLC now owns 14,349 shares of the construction company’s stock worth $1,856,000 after purchasing an additional 10,643 shares in the last quarter. Lifestyle Asset Management Inc. purchased a new position in Toll Brothers in the first quarter valued at $1,398,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Toll Brothers by 106.5% in the first 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 last quarter. Diversified Trust Co grew its holdings in shares of Toll Brothers by 125.6% during the first quarter. Diversified Trust Co now owns 5,826 shares of the construction company’s stock worth $754,000 after purchasing an additional 3,244 shares during the last quarter. Finally, Aviance Capital Partners LLC grew its holdings in shares of Toll Brothers by 3.3% during the first quarter. Aviance Capital Partners LLC now owns 22,267 shares of the construction company’s stock worth $2,881,000 after purchasing an additional 701 shares during the last quarter. Institutional investors and hedge funds 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.