Toll Brothers’ (TOL) “Overweight” Rating Reiterated at Wells Fargo & Company

Wells Fargo & Company reaffirmed their overweight rating on shares of Toll Brothers (NYSE:TOL) in a research note issued to investors on Thursday morning, MarketBeat reports. Wells Fargo & Company currently has a $130.00 price target on the construction company’s stock, up from their prior price target of $120.00.

Several other research firms have also weighed in on TOL. The Goldman Sachs Group cut their target price on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Bank of America dropped their price objective on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Keefe, Bruyette & Woods dropped their price objective on shares of Toll Brothers from $132.00 to $120.00 and set a “market perform” rating on the stock in a report on Tuesday. Oppenheimer dropped their price objective on shares of Toll Brothers from $165.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, May 15th. Finally, Royal Bank of Canada dropped their price objective on shares of Toll Brothers from $139.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $141.36.

Toll Brothers Trading Up 0.1%

TOL opened at $104.25 on Thursday. The firm’s fifty day moving average is $101.50 and its two-hundred day moving average is $121.74. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The firm has a market cap of $10.41 billion, a PE ratio of 7.17, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. Toll Brothers has a twelve month low of $86.67 and a twelve month high of $169.52.

Toll Brothers (NYSE:TOL) last posted its 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 analyst estimates of $2.50 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the business posted $3.38 earnings per share. Equities research analysts anticipate that Toll Brothers will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a $0.25 dividend. The ex-dividend date was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio (DPR) is 7.42%.

Insider Activity at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the transaction, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. The trade was a 3.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of Toll Brothers by 34.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock worth $37,000 after purchasing an additional 75 shares during the last quarter. Nilsine Partners LLC increased its stake in shares of Toll Brothers by 0.5% during the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock worth $2,433,000 after purchasing an additional 88 shares during the last quarter. Insigneo Advisory Services LLC increased its stake in shares of Toll Brothers by 4.7% during the 4th quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company’s stock worth $251,000 after purchasing an additional 89 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Toll Brothers by 52.8% during the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock worth $29,000 after purchasing an additional 94 shares during the last quarter. Finally, Peapack Gladstone Financial Corp increased its stake in shares of Toll Brothers by 5.9% during the 4th quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company’s stock worth $227,000 after purchasing an additional 100 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

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.