Toll Brothers, Inc. (NYSE:TOL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Toll Brothers, Inc. (NYSE:TOL) have received a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $144.79.

Several analysts recently weighed in on TOL shares. Bank of America dropped their price target on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Wells Fargo & Company lowered their price objective on Toll Brothers from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods lowered their price objective on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 25th. Finally, UBS Group lowered their price objective on Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th.

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the transaction, the director now owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. The trade was a 3.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.54% of the stock is owned by insiders.

Hedge Funds Weigh In On Toll Brothers

Large investors have recently bought and sold shares of the company. Ieq Capital LLC boosted its stake in shares of Toll Brothers by 50.4% during the first quarter. Ieq Capital LLC now owns 23,000 shares of the construction company’s stock valued at $2,429,000 after purchasing an additional 7,710 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in Toll Brothers by 95.0% in the 1st quarter. CreativeOne Wealth LLC now owns 10,812 shares of the construction company’s stock valued at $1,142,000 after buying an additional 5,266 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Toll Brothers by 26.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 33,850 shares of the construction company’s stock worth $3,574,000 after buying an additional 7,000 shares during the period. Gabelli Funds LLC boosted its position in Toll Brothers by 6.9% during the 1st quarter. Gabelli Funds LLC now owns 7,700 shares of the construction company’s stock worth $813,000 after buying an additional 500 shares during the period. Finally, Rafferty Asset Management LLC grew its holdings in Toll Brothers by 3.2% during the 1st quarter. Rafferty Asset Management LLC now owns 72,807 shares of the construction company’s stock worth $7,688,000 after acquiring an additional 2,226 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Stock Performance

NYSE:TOL opened at $105.05 on Friday. The stock has a market cap of $10.49 billion, a P/E ratio of 7.23, a PEG ratio of 1.02 and a beta of 1.45. The stock has a 50 day simple moving average of $101.57 and a 200 day simple moving average of $124.04. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Toll Brothers has a 1-year low of $86.67 and a 1-year high of $169.52.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. Research analysts anticipate that Toll Brothers will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s payout ratio is 6.88%.

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.