Wells Fargo & Company Issues Positive Forecast for Toll Brothers (NYSE:TOL) Stock Price

Toll Brothers (NYSE:TOL) had its price objective raised by Wells Fargo & Company from $140.00 to $150.00 in a research report released on Monday morning,Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

Several other analysts have also weighed in on TOL. Oppenheimer cut their price objective on Toll Brothers from $165.00 to $155.00 and set an “outperform” rating for the company in a report on Thursday, May 15th. UBS Group reaffirmed a “buy” rating on shares of Toll Brothers in a report on Tuesday, May 20th. Wall Street Zen raised Toll Brothers from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. Wedbush reduced their target price on Toll Brothers from $175.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $130.00 target price (down from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.23.

Toll Brothers Trading Up 0.6%

Shares of Toll Brothers stock opened at $131.31 on Monday. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35. The firm has a market cap of $12.89 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 1.36 and a beta of 1.33. The business has a fifty day simple moving average of $118.78 and a 200-day simple moving average of $111.15. Toll Brothers has a fifty-two week low of $86.67 and a fifty-two week high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.64. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The company’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.38 earnings per share. On average, equities analysts forecast that Toll Brothers will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers’s dividend payout ratio is currently 7.42%.

Insider Buying and Selling

In related news, CAO Michael J. Grubb sold 500 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $120.00, for a total value of $60,000.00. Following the completion of the sale, the chief accounting officer directly owned 2,439 shares of the company’s stock, valued at approximately $292,680. This represents a 17.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christine Garvey sold 770 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $119.82, for a total value of $92,261.40. Following the completion of the sale, the director directly owned 11,590 shares of the company’s stock, valued at approximately $1,388,713.80. This represents a 6.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,770 shares of company stock valued at $440,586. Corporate insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Several hedge funds have recently bought and sold shares of TOL. Trail Ridge Investment Advisors LLC increased its position in Toll Brothers by 0.5% in the 1st quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company’s stock worth $2,706,000 after purchasing an additional 132 shares during the last quarter. Left Brain Wealth Management LLC acquired a new position in Toll Brothers in the 1st quarter worth about $317,000. MQS Management LLC acquired a new position in Toll Brothers in the 1st quarter worth about $649,000. Financial Security Advisor Inc. acquired a new position in Toll Brothers in the 1st quarter worth about $231,000. Finally, Concurrent Investment Advisors LLC acquired a new position in Toll Brothers in the 1st quarter worth about $227,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

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.