Toll Brothers (NYSE:TOL) Upgraded to “Overweight” by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Toll Brothers (NYSE:TOLGet Rating) from a neutral rating to an overweight rating in a research note published on Tuesday, The Fly reports. The brokerage currently has $58.00 price objective on the construction company’s stock, up from their prior price objective of $47.00.

Other equities research analysts have also recently issued research reports about the stock. KeyCorp upgraded shares of Toll Brothers from an underweight rating to a sector weight rating in a research report on Monday, September 19th. StockNews.com assumed coverage on shares of Toll Brothers in a research report on Wednesday, October 12th. They set a hold rating for the company. Bank of America lowered shares of Toll Brothers from a buy rating to a neutral rating and set a $49.00 price objective on the stock. in a research note on Thursday, August 25th. Citigroup lifted their price objective on shares of Toll Brothers to $47.00 in a research note on Thursday, October 13th. Finally, Raymond James lowered shares of Toll Brothers from an outperform rating to a market perform rating in a research note on Friday, October 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers currently has a consensus rating of Hold and an average target price of $52.75.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $46.00 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.99 and a quick ratio of 0.48. Toll Brothers has a fifty-two week low of $39.53 and a fifty-two week high of $75.61. The firm has a fifty day moving average price of $43.46 and a two-hundred day moving average price of $45.74. The company has a market cap of $5.21 billion, a PE ratio of 5.44 and a beta of 1.38.

Toll Brothers (NYSE:TOLGet Rating) last released its quarterly earnings data on Tuesday, August 23rd. The construction company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Toll Brothers had a net margin of 10.62% and a return on equity of 18.93%. During the same period last year, the firm earned $1.87 EPS. Analysts expect that Toll Brothers will post 9.31 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 21st. Shareholders of record on Friday, October 7th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Thursday, October 6th. Toll Brothers’s dividend payout ratio is presently 9.46%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Carl B. Marbach sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 11th. The shares were sold at an average price of $44.60, for a total transaction of $44,600.00. Following the completion of the sale, the director now owns 71,155 shares of the company’s stock, valued at approximately $3,173,513. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.28% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

A number of institutional investors and hedge funds have recently modified their holdings of TOL. Veritable L.P. lifted its stake in Toll Brothers by 2.7% during the 1st quarter. Veritable L.P. now owns 25,474 shares of the construction company’s stock valued at $1,198,000 after acquiring an additional 673 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of Toll Brothers during the 2nd quarter valued at $273,000. Paragon Capital Management Ltd purchased a new stake in shares of Toll Brothers during the 2nd quarter valued at $202,000. KBC Group NV increased its position in shares of Toll Brothers by 80.3% during the 1st quarter. KBC Group NV now owns 5,502 shares of the construction company’s stock valued at $259,000 after purchasing an additional 2,451 shares during the last quarter. Finally, Pictet Asset Management SA increased its position in shares of Toll Brothers by 14.9% during the 2nd quarter. Pictet Asset Management SA now owns 780,574 shares of the construction company’s stock valued at $34,814,000 after purchasing an additional 101,142 shares during the last quarter. 85.37% of the stock is currently owned by institutional investors.

Toll Brothers Company Profile

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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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