Toll Brothers (NYSE:TOL) Rating Increased to Outperform at Evercore

Evercore upgraded shares of Toll Brothers (NYSE:TOL) from an in-line rating to an outperform rating in a report released on Monday, MarketBeat reports. Evercore currently has $176.00 price objective on the construction company’s stock.

A number of other brokerages have also commented on TOL. The Goldman Sachs Group lifted their price target on Toll Brothers from $140.00 to $156.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Citigroup lifted their price target on Toll Brothers from $141.00 to $162.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Barclays cut their price target on Toll Brothers from $116.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 8th. Weiss Ratings raised Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. Finally, Zacks Research raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $165.69.

Toll Brothers Stock Performance

NYSE:TOL opened at $141.13 on Monday. The stock’s 50-day simple moving average is $146.97 and its 200 day simple moving average is $141.01. The firm has a market capitalization of $13.37 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 1.09 and a beta of 1.49. The company has a quick ratio of 0.62, a current ratio of 4.57 and a debt-to-equity ratio of 0.32. Toll Brothers has a twelve month low of $90.78 and a twelve month high of $168.36.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, February 17th. The construction company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.14. The business 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%.Toll Brothers’s revenue was up 15.4% compared to the same quarter last year. During the same period last year, the firm posted $1.75 earnings per share. On average, analysts anticipate that Toll Brothers will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be issued a $0.26 dividend. The ex-dividend date is Friday, April 10th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s dividend payout ratio is presently 7.43%.

Insider Buying and Selling

In other Toll Brothers news, Director Paul E. Shapiro sold 3,965 shares of Toll Brothers stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $146.68, for a total value of $581,586.20. Following the completion of the sale, the director directly owned 118,680 shares in the company, valued at approximately $17,407,982.40. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of Toll Brothers stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total value of $7,237,508.72. Following the completion of the sale, the chief executive officer owned 321,256 shares of the company’s stock, valued at approximately $51,535,887.52. The trade was a 12.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

A number of hedge funds have recently added to or reduced their stakes in TOL. Candriam S.C.A. bought a new stake in shares of Toll Brothers during the third quarter valued at approximately $5,407,000. Moody Aldrich Partners LLC increased its holdings in shares of Toll Brothers by 93.7% during the third quarter. Moody Aldrich Partners LLC now owns 27,234 shares of the construction company’s stock valued at $3,762,000 after acquiring an additional 13,175 shares in the last quarter. Alps Advisors Inc. bought a new stake in shares of Toll Brothers during the third quarter valued at approximately $6,929,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Toll Brothers by 25.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 108,379 shares of the construction company’s stock valued at $14,694,000 after acquiring an additional 21,907 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of Toll Brothers by 11.1% during the third quarter. Allianz Asset Management GmbH now owns 226,911 shares of the construction company’s stock valued at $31,345,000 after acquiring an additional 22,687 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

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.