Seaport Research Partners reiterated their neutral rating on shares of Toll Brothers (NYSE:TOL – Free Report) in a research note published on Tuesday morning, Marketbeat.com reports.
Other equities analysts have also issued reports about the stock. Citigroup increased their price objective on shares of Toll Brothers from $141.00 to $162.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Barclays reissued an “underweight” rating on shares of Toll Brothers in a research report on Monday, February 23rd. Zacks Research upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Finally, JPMorgan Chase & Co. increased their target price on Toll Brothers from $141.00 to $143.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $165.25.
Check Out Our Latest Stock Analysis on Toll Brothers
Toll Brothers Price Performance
Toll Brothers (NYSE:TOL – Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The construction company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.14. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $1.86 billion. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.75 earnings per share. On average, analysts anticipate that Toll Brothers will post 13.83 earnings per share for the current year.
Toll Brothers Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be given a dividend of $0.26 per share. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, April 10th. Toll Brothers’s payout ratio is 7.43%.
Insider Transactions at Toll Brothers
In related news, Director Paul E. Shapiro sold 3,965 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the transaction, the director directly owned 118,680 shares of the company’s stock, valued at approximately $17,407,982.40. This trade represents a 3.23% 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, CEO Douglas C. Jr. Yearley sold 45,116 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the transaction, the chief executive officer directly owned 321,256 shares in the company, valued at approximately $51,535,887.52. This represents a 12.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Toll Brothers
Hedge funds have recently added to or reduced their stakes in the stock. Wiser Advisor Group LLC bought a new position in Toll Brothers during the 3rd quarter worth $27,000. Ramirez Asset Management Inc. bought a new position in Toll Brothers during the 3rd quarter worth $28,000. Pinnacle Holdings LLC bought a new position in Toll Brothers during the 4th quarter worth $27,000. Abich Financial Wealth Management LLC bought a new position in Toll Brothers during the 3rd quarter worth $28,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Toll Brothers during the 3rd quarter worth $29,000. Institutional investors own 91.76% of the company’s stock.
Key Toll Brothers News
Here are the key news stories impacting Toll Brothers this week:
- Positive Sentiment: Barron’s notes Toll Brothers could lead a homebuilder rebound as housing stabilizes, highlighting the company’s relative outperformance versus peers — this favorable media coverage can support investor confidence. Article Title
- Positive Sentiment: Toll Brothers and Tri Pointe acquired 445 acres for a large master-planned single-family community in Tomball, TX — a significant land/inventory addition that boosts future revenue and backlog potential. Article Title
- Positive Sentiment: Company press releases announced a grand opening of Clara Vista at Waterridge (Kyle, TX) with new model homes, and a “final opportunity” promotion at StoneCreek (Richmond, TX) — incremental sales activity and lot turn initiatives that support near-term revenue. Article Title
- Neutral Sentiment: Coverage from Zacks summarizes analyst optimism and recent outperformance versus the market; useful for sentiment tracking but not a direct fundamental change. Article Title
- Negative Sentiment: Seaport Global downgraded Toll Brothers to a “Hold” (Apr 7). A downgrade from a broker can prompt short-term selling and put pressure on the stock by lowering near-term expectations, which appears to be the primary driver of today’s decline. Article Title
About Toll Brothers
Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.
In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.
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