Toll Brothers (NYSE:TOL) Upgraded to Buy at Zelman & Associates

Zelman & Associates upgraded shares of Toll Brothers (NYSE:TOL – Get Rating) from a hold rating to a buy rating in a report issued on Thursday, The Fly reports.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada raised shares of Toll Brothers from a sector perform rating to an outperform rating and lifted their price target for the company from $55.00 to $77.00 in a research report on Thursday. StockNews.com lowered shares of Toll Brothers from a buy rating to a hold rating in a research note on Saturday, May 20th. Bank of America lifted their price objective on shares of Toll Brothers from $68.00 to $70.00 and gave the company a buy rating in a research note on Thursday, February 23rd. Raymond James lifted their price objective on shares of Toll Brothers from $61.00 to $67.00 and gave the company an outperform rating in a research note on Thursday, February 23rd. Finally, UBS Group lifted their price target on shares of Toll Brothers from $65.00 to $73.00 and gave the stock a buy rating in a research note on Thursday, February 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of $63.50.

Toll Brothers Price Performance

TOL opened at $68.13 on Thursday. The company’s 50 day simple moving average is $61.52 and its 200 day simple moving average is $56.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 5.14. Toll Brothers has a 1 year low of $39.53 and a 1 year high of $69.22. The stock has a market capitalization of $7.54 billion, a PE ratio of 5.44, a P/E/G ratio of 0.68 and a beta of 1.38.

Toll Brothers (NYSE:TOL – Get Rating) last announced its quarterly earnings results on Wednesday, May 24th. The construction company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.96. The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Toll Brothers had a net margin of 13.59% and a return on equity of 21.75%. Toll Brothers’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.85 earnings per share. As a group, sell-side analysts expect that Toll Brothers will post 8.66 EPS for the current year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Thursday, April 6th were issued a $0.21 dividend. This is an increase from Toll Brothers’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, April 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.23%. Toll Brothers’s dividend payout ratio is currently 6.70%.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $58.69, for a total transaction of $586,900.00. Following the completion of the sale, the director now owns 65,066 shares of the company’s stock, valued at $3,818,723.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $58.69, for a total value of $586,900.00. Following the completion of the transaction, the director now directly owns 65,066 shares in the company, valued at $3,818,723.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christine Garvey sold 2,980 shares of the stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of $60.13, for a total value of $179,187.40. Following the transaction, the director now owns 8,284 shares of the company’s stock, valued at $498,116.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,105 shares of company stock valued at $773,444. 1.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Toll Brothers

Hedge funds have recently modified their holdings of the business. Outfitter Financial LLC grew its stake in Toll Brothers by 1.2% in the first quarter. Outfitter Financial LLC now owns 16,610 shares of the construction company’s stock valued at $997,000 after purchasing an additional 190 shares in the last quarter. Xponance Inc. boosted its stake in Toll Brothers by 1.0% in the 1st quarter. Xponance Inc. now owns 19,676 shares of the construction company’s stock valued at $1,181,000 after purchasing an additional 198 shares during the period. Aviance Capital Partners LLC raised its holdings in Toll Brothers by 0.9% in the 1st quarter. Aviance Capital Partners LLC now owns 21,991 shares of the construction company’s stock valued at $1,320,000 after acquiring an additional 205 shares in the last quarter. Ellevest Inc. raised its holdings in Toll Brothers by 102.5% in the 1st quarter. Ellevest Inc. now owns 478 shares of the construction company’s stock valued at $29,000 after acquiring an additional 242 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in Toll Brothers by 5.4% in the 2nd quarter. Captrust Financial Advisors now owns 4,918 shares of the construction company’s stock valued at $219,000 after acquiring an additional 252 shares in the last quarter. Institutional investors and hedge funds own 82.74% of the company’s stock.

About Toll Brothers

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Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and caters to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.