Toll Brothers (NYSE:TOL) Receives “Strong-Buy” Rating from Raymond James Financial

Raymond James Financial reaffirmed their strong-buy rating on shares of Toll Brothers (NYSE:TOL) in a research note released on Monday morning,Benzinga reports. The firm currently has a $160.00 target price on the construction company’s stock, up from their prior target price of $130.00.

Several other analysts also recently commented on TOL. Wells Fargo & Company raised their target price on Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Keefe, Bruyette & Woods decreased their price objective on Toll Brothers from $132.00 to $120.00 and set a “market perform” rating for the company in a report on Tuesday, May 20th. Wedbush lowered their target price on Toll Brothers from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. Wall Street Zen raised shares of Toll Brothers from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Finally, UBS Group restated a “buy” rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $145.92.

Toll Brothers Stock Performance

NYSE:TOL opened at $138.66 on Monday. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. Toll Brothers has a twelve month low of $86.67 and a twelve month high of $169.52. The company has a fifty day moving average of $121.27 and a 200-day moving average of $111.25. The firm has a market capitalization of $13.61 billion, a P/E ratio of 10.19, a P/E/G ratio of 0.91 and a beta of 1.33.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.59 by $0.14. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period in the prior year, the firm earned $3.60 earnings per share. Toll Brothers’s revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Toll Brothers will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers’s payout ratio is 7.35%.

Insider Activity at Toll Brothers

In related news, Director Christine Garvey sold 770 shares of the firm’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $119.82, for a total transaction of $92,261.40. Following the completion of the sale, the director owned 11,590 shares in the company, valued at approximately $1,388,713.80. This trade represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Michael J. Grubb sold 500 shares of Toll Brothers stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $120.00, for a total transaction of $60,000.00. Following the completion of the sale, the chief accounting officer directly owned 2,439 shares in the company, valued at approximately $292,680. This represents a 17.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,601 shares of company stock worth $1,726,874 in the last ninety days. Corporate insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Several institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC increased its position in Toll Brothers by 84.2% in the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company’s stock worth $26,000 after buying an additional 112 shares during the last quarter. Brooklyn Investment Group grew 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 acquiring an additional 94 shares during the period. Larson Financial Group LLC increased its holdings in Toll Brothers by 152.6% in the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock worth $31,000 after acquiring an additional 177 shares during the last quarter. Quarry LP lifted its holdings in Toll Brothers by 1,035.7% during the fourth quarter. Quarry LP now owns 318 shares of the construction company’s stock valued at $40,000 after purchasing an additional 290 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Toll Brothers by 128.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock valued at $37,000 after purchasing an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

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.