Toll Brothers Inc. (NYSE:TOL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Toll Brothers Inc. (NYSE:TOL) have earned an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $149.4286.

TOL has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their target price on Toll Brothers from $143.00 to $145.00 and gave the company a “market perform” rating in a report on Thursday, August 28th. Wedbush reaffirmed an “outperform” rating and set a $165.00 price target on shares of Toll Brothers in a research report on Thursday, September 18th. Royal Bank Of Canada boosted their price objective on Toll Brothers from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Finally, Argus upped their price objective on Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, September 5th.

Toll Brothers Stock Performance

NYSE TOL opened at $138.56 on Wednesday. The company has a fifty day moving average price of $134.64 and a 200-day moving average price of $125.67. The firm has a market cap of $13.35 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 1.60 and a beta of 1.37. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. Toll Brothers has a 1 year low of $86.67 and a 1 year high of $168.17.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, October 10th. Toll Brothers’s dividend payout ratio (DPR) is 7.35%.

Insider Activity

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $138.26, for a total value of $3,456,500.00. Following the transaction, the chief executive officer directly owned 286,117 shares in the company, valued at $39,558,536.42. The trade was a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul E. Shapiro sold 3,812 shares of the firm’s 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 sale, the director owned 118,753 shares of the company’s stock, valued at approximately $17,533,880.45. The trade was a 3.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

Hedge funds have recently made changes to their positions in the company. Wiser Advisor Group LLC bought a new position in shares of Toll Brothers during the 3rd quarter worth $27,000. Abich Financial Wealth Management LLC bought a new position in Toll Brothers during the third quarter worth about $28,000. Ramirez Asset Management Inc. purchased a new position in shares of Toll Brothers in the third quarter worth about $28,000. Brooklyn Investment Group raised its position in shares of Toll Brothers by 52.8% in the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock valued at $29,000 after purchasing an additional 94 shares during the period. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Toll Brothers during the 3rd quarter valued at approximately $29,000. 91.76% of the stock is currently owned by 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.