Toll Brothers’ (TOL) “Outperform” Rating Reaffirmed at Wedbush

Wedbush restated their outperform rating on shares of Toll Brothers (NYSE:TOL) in a research report released on Friday,RTT News reports. They currently have a $175.00 price objective on the construction company’s stock.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 target price (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Citigroup decreased their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Oppenheimer reaffirmed an “outperform” rating and set a $189.00 price objective on shares of Toll Brothers in a report on Thursday, December 12th. Finally, Barclays decreased their price objective on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.00.

Toll Brothers Trading Up 0.1 %

Toll Brothers stock opened at $123.60 on Friday. Toll Brothers has a 52 week low of $100.47 and a 52 week high of $169.52. The firm has a market capitalization of $12.35 billion, a PE ratio of 8.22, a PEG ratio of 1.15 and a beta of 1.76. The business’s 50-day simple moving average is $131.78 and its 200-day simple moving average is $142.11. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 4.92.

Toll Brothers (NYSE:TOL) last released its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the business earned $4.11 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities research analysts forecast that Toll Brothers will post 14.15 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 6.12%.

Insider Activity

In other news, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the transaction, the director now owns 119,937 shares in the company, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,202 shares of company stock worth $1,947,436. Insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. State Street Corp raised its position in Toll Brothers by 1.2% in the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock worth $565,802,000 after purchasing an additional 42,871 shares during the last quarter. FMR LLC raised its position in Toll Brothers by 19.4% in the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company’s stock worth $318,509,000 after purchasing an additional 410,394 shares during the last quarter. Geode Capital Management LLC raised its position in Toll Brothers by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company’s stock worth $276,263,000 after purchasing an additional 35,001 shares during the last quarter. Invesco Ltd. raised its position in Toll Brothers by 14.2% in the 4th quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company’s stock worth $239,751,000 after purchasing an additional 236,402 shares during the last quarter. Finally, Jennison Associates LLC raised its position in Toll Brothers by 38.7% in the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after purchasing an additional 341,980 shares during 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.