Toll Brothers’ (TOL) Outperform Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of Toll Brothers (NYSE:TOL) in a research note published on Friday, MarketBeat Ratings reports. They currently have a $165.00 target price on the construction company’s stock.

Several other equities research analysts also recently weighed in on the company. Citigroup raised their price target on Toll Brothers from $134.00 to $138.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Royal Bank Of Canada lifted their target price on shares of Toll Brothers from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Bank of America boosted their target price on shares of Toll Brothers from $132.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, August 19th. Wall Street Zen raised shares of Toll Brothers from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. Finally, Barclays reissued an “underweight” rating on shares of Toll Brothers in a report on Tuesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $149.07.

Toll Brothers Price Performance

NYSE TOL opened at $147.24 on Friday. The firm’s fifty day simple moving average is $126.77 and its two-hundred day simple moving average is $112.44. The firm has a market capitalization of $14.19 billion, a P/E ratio of 10.82, a P/E/G ratio of 0.97 and a beta of 1.33. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. Toll Brothers has a 12-month low of $86.67 and a 12-month high of $169.52.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, beating the consensus estimate of $3.59 by $0.14. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.60 EPS. Analysts forecast that Toll Brothers will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

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

Insider Activity at Toll Brothers

In other news, COO Robert Parahus sold 9,831 shares of Toll Brothers stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $130.84, for a total value of $1,286,288.04. Following the sale, the chief operating officer directly owned 19,692 shares of the company’s stock, valued at $2,576,501.28. The trade was a 33.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Michael J. Grubb sold 500 shares of the company’s stock in a transaction on Monday, July 14th. The stock was sold at an average price of $120.00, for a total transaction of $60,000.00. Following the sale, the chief accounting officer directly owned 2,439 shares of the company’s stock, valued at $292,680. The trade was a 17.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,601 shares of company stock valued at $5,183,374 in the last quarter. 1.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Toll Brothers

A number of hedge funds have recently modified their holdings of TOL. Greenhaven Associates Inc. lifted its stake in shares of Toll Brothers by 0.7% in the 2nd quarter. Greenhaven Associates Inc. now owns 5,601,916 shares of the construction company’s stock valued at $639,347,000 after purchasing an additional 39,334 shares during the last quarter. AQR Capital Management LLC lifted its position in Toll Brothers by 83.1% in the second quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock valued at $297,650,000 after buying an additional 1,183,304 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Toll Brothers by 21.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company’s stock worth $227,988,000 after buying an additional 375,372 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Toll Brothers by 4.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,011,618 shares of the construction company’s stock valued at $229,586,000 after acquiring an additional 78,035 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Toll Brothers in the 2nd quarter valued at approximately $154,782,000. 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.