Toll Brothers (NYSE:TOL) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Toll Brothers (NYSE:TOL - Free Report) from a hold rating to a sell rating in a report published on Friday.

Several other equities research analysts have also recently commented on the stock. Citigroup dropped their price target on shares of Toll Brothers from $155.00 to $137.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. The Goldman Sachs Group cut their target price on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Keefe, Bruyette & Woods decreased their price target on shares of Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 25th. Barclays cut their price objective on Toll Brothers from $115.00 to $101.00 and set an "underweight" rating for the company in a research report on Tuesday, February 25th. Finally, UBS Group dropped their target price on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Toll Brothers has an average rating of "Moderate Buy" and an average target price of $147.57.

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Toll Brothers Price Performance

Shares of NYSE TOL traded up $0.60 during mid-day trading on Friday, reaching $105.68. 1,477,192 shares of the company traded hands, compared to its average volume of 1,468,319. Toll Brothers has a fifty-two week low of $101.73 and a fifty-two week high of $169.52. The firm has a market cap of $10.56 billion, a PE ratio of 7.27, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. The stock has a fifty day simple moving average of $118.31 and a 200-day simple moving average of $136.16. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Equities research analysts anticipate that Toll Brothers will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio (DPR) is currently 6.88%.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now owns 13,186 shares of the company's stock, valued at $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Toll Brothers

A number of institutional investors and hedge funds have recently modified their holdings of TOL. ORG Partners LLC bought a new position in Toll Brothers in the 4th quarter worth $25,000. Brooklyn Investment Group acquired a new stake in shares of Toll Brothers in the third quarter valued at about $27,000. Lee Danner & Bass Inc. acquired a new stake in shares of Toll Brothers in the fourth quarter valued at about $27,000. Larson Financial Group LLC increased its stake in shares of Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock worth $28,000 after purchasing an additional 66 shares during the period. Finally, Promus Capital LLC acquired a new position in shares of Toll Brothers during the 4th quarter worth about $29,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Company Profile

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.