Toll Brothers, Inc. (NYSE:TOL) Given Average Recommendation of “Hold” by Brokerages

Shares of Toll Brothers, Inc. (NYSE:TOLGet Rating) have been assigned a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $62.62.

Several brokerages have commented on TOL. JPMorgan Chase & Co. dropped their price target on shares of Toll Brothers from $58.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 13th. Zacks Investment Research lowered shares of Toll Brothers from a “buy” rating to a “hold” rating and set a $56.00 price target on the stock. in a research note on Monday, February 28th. Citigroup dropped their price target on shares of Toll Brothers from $62.00 to $52.00 in a research note on Friday, March 25th. Royal Bank of Canada dropped their price target on shares of Toll Brothers from $75.00 to $70.00 and set a “sector perform” rating on the stock in a research note on Monday, January 10th. Finally, StockNews.com began coverage on shares of Toll Brothers in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

Shares of NYSE TOL opened at $47.65 on Friday. The company has a quick ratio of 0.73, a current ratio of 5.00 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average price is $49.42 and its two-hundred day moving average price is $58.60. Toll Brothers has a 52-week low of $44.84 and a 52-week high of $75.61. The stock has a market capitalization of $5.59 billion, a P/E ratio of 6.67, a P/E/G ratio of 0.30 and a beta of 1.60.

Toll Brothers (NYSE:TOLGet Rating) last issued its earnings results on Tuesday, February 22nd. The construction company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.12. Toll Brothers had a net margin of 9.86% and a return on equity of 17.19%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter last year, the company posted $0.76 earnings per share. Toll Brothers’s revenue was up 14.6% on a year-over-year basis. As a group, equities research analysts expect that Toll Brothers will post 10.02 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 22nd. Investors of record on Friday, April 8th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.68%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, April 7th. Toll Brothers’s dividend payout ratio (DPR) is presently 11.20%.

A number of large investors have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV acquired a new position in Toll Brothers in the 1st quarter worth approximately $28,000. Farmers & Merchants Investments Inc. acquired a new position in Toll Brothers in the 1st quarter worth approximately $32,000. UMB Bank N A MO boosted its stake in Toll Brothers by 2,913.0% in the 1st quarter. UMB Bank N A MO now owns 693 shares of the construction company’s stock worth $32,000 after purchasing an additional 670 shares during the period. Herold Advisors Inc. acquired a new position in Toll Brothers in the 3rd quarter worth approximately $33,000. Finally, Lindbrook Capital LLC boosted its stake in Toll Brothers by 111.1% in the 4th quarter. Lindbrook Capital LLC now owns 475 shares of the construction company’s stock worth $34,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 92.90% of the company’s stock.

About Toll Brothers (Get Rating)

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. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living.

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Analyst Recommendations for Toll Brothers (NYSE:TOL)

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