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

by · The Markets Daily

StockNews.com upgraded shares of Toll Brothers (NYSE:TOL – Free Report) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

A number of other equities research analysts have also recently commented on TOL. Royal Bank of Canada dropped their target price on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company dropped their price objective on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Wedbush reaffirmed an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Barclays cut their price target on shares of Toll Brothers from $115.00 to $101.00 and set an “underweight” rating for the company in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.57.

View Our Latest Stock Analysis on TOL

Toll Brothers Trading Down 3.4 %

Shares of NYSE:TOL opened at $102.98 on Tuesday. 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 12-month low of $102.49 and a 12-month high of $169.52. The business has a 50 day moving average of $123.56 and a two-hundred day moving average of $139.09. The company has a market capitalization of $10.24 billion, a PE ratio of 7.09, a PEG ratio of 1.02 and a beta of 1.77.

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

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.25 per share. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 0.97%. The ex-dividend date is Friday, April 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.88%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the transaction, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the sale, the director now owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,622 shares of company stock worth $1,993,880 in the last ninety days. 1.54% of the stock is owned by insiders.

Hedge Funds Weigh In On Toll Brothers

Several large investors have recently made changes to their positions in TOL. Capital Performance Advisors LLP acquired a new position in Toll Brothers during the third quarter worth $27,000. Atria Investments Inc raised its holdings in shares of Toll Brothers by 22.2% in the 3rd quarter. Atria Investments Inc now owns 2,569 shares of the construction company’s stock valued at $397,000 after buying an additional 466 shares during the period. Covestor Ltd lifted its stake in Toll Brothers by 40.9% during the 3rd quarter. Covestor Ltd now owns 475 shares of the construction company’s stock worth $74,000 after acquiring an additional 138 shares in the last quarter. Patten & Patten Inc. TN purchased a new position in Toll Brothers during the 3rd quarter valued at about $208,000. Finally, Chartwell Investment Partners LLC grew its position in Toll Brothers by 66.5% in the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after acquiring an additional 14,092 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Company Profile

(Get Free Report)

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.

Featured Articles