Toll Brothers, Inc. (NYSE:TOL) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Toll Brothers, Inc. (NYSE:TOL) have been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $141.08.

A number of research firms recently commented on TOL. Wedbush reaffirmed an “outperform” rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Barclays reaffirmed an “underweight” rating on shares of Toll Brothers in a research note on Tuesday, May 20th. The Goldman Sachs Group cut their price objective on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Bank of America lowered their target price on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, UBS Group reiterated a “buy” rating on shares of Toll Brothers in a report on Tuesday, May 20th.

Institutional Investors Weigh In On Toll Brothers

Several hedge funds and other institutional investors have recently modified their holdings of the company. Greenhaven Associates Inc. increased its holdings in shares of Toll Brothers by 0.5% during the first quarter. Greenhaven Associates Inc. now owns 5,562,582 shares of the construction company’s stock valued at $587,353,000 after acquiring an additional 26,079 shares in the last quarter. FMR LLC grew its holdings in Toll Brothers by 19.4% during the fourth quarter. FMR LLC now owns 2,528,853 shares of the construction company’s stock worth $318,509,000 after buying an additional 410,394 shares in the last quarter. Geode Capital Management LLC grew its holdings in Toll Brothers by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company’s stock worth $276,263,000 after buying an additional 35,001 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Toll Brothers by 21.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company’s stock worth $227,988,000 after buying an additional 375,372 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Toll Brothers by 14.2% during the fourth quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company’s stock worth $239,751,000 after buying an additional 236,402 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

NYSE:TOL opened at $107.39 on Wednesday. The stock has a market cap of $10.54 billion, a P/E ratio of 7.39, a price-to-earnings-growth ratio of 1.02 and a beta of 1.35. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The stock’s 50-day moving average is $101.16 and its 200-day moving average is $118.19. 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, May 20th. The construction company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.64. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $3.38 earnings per share. Equities research analysts anticipate that Toll Brothers will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The company also recently disclosed 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. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. Toll Brothers’s payout ratio is currently 7.42%.

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.