Toll Brothers (NYSE:TOL) Receives Outperform Rating from Wedbush

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

A number of other brokerages also recently issued reports on TOL. Seaport Res Ptn raised Toll Brothers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Bank of America increased their price objective on Toll Brothers from $132.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, August 19th. Argus raised their target price on Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, September 5th. Citigroup upped their price target on shares of Toll Brothers from $134.00 to $138.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Toll Brothers from $143.00 to $145.00 and gave the company a “market perform” rating in a report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and an average target price of $149.79.

Toll Brothers Stock Down 0.2%

Toll Brothers stock opened at $139.92 on Thursday. The company has a market capitalization of $13.49 billion, a P/E ratio of 10.28, a PEG ratio of 0.92 and a beta of 1.33. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 4.38. Toll Brothers has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The stock has a 50-day simple moving average of $131.26 and a 200-day simple moving average of $114.40.

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

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio is presently 7.35%.

Insider Transactions at Toll Brothers

In related news, COO Robert Parahus sold 9,831 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the completion of the transaction, the chief operating officer owned 19,692 shares of the company’s stock, valued at $2,576,501.28. This trade represents a 33.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul E. Shapiro sold 3,812 shares of Toll Brothers stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $147.65, for a total transaction of $562,841.80. Following the completion of the transaction, the director directly owned 118,753 shares in the company, valued at $17,533,880.45. This represents a 3.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,413 shares of company stock worth $5,746,216 over the last ninety days. Insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

A number of hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in Toll Brothers by 6.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,485 shares of the construction company’s stock worth $169,000 after purchasing an additional 90 shares during the last quarter. Brooklyn Investment Group lifted its holdings 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 valued at $29,000 after buying an additional 94 shares during the last quarter. Old Port Advisors grew its stake in shares of Toll Brothers by 4.5% in the 2nd quarter. Old Port Advisors now owns 2,165 shares of the construction company’s stock valued at $247,000 after buying an additional 94 shares in the last quarter. KLP Kapitalforvaltning AS increased its holdings in Toll Brothers by 0.4% in the first quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the construction company’s stock worth $2,619,000 after buying an additional 100 shares during the last quarter. Finally, Applied Finance Capital Management LLC raised its position in Toll Brothers by 4.0% during the second quarter. Applied Finance Capital Management LLC now owns 2,579 shares of the construction company’s stock valued at $294,000 after acquiring an additional 100 shares in the last quarter. 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.