Toll Brothers, Inc. (NYSE:TOL) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Toll Brothers, Inc. (NYSE:TOL - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fifteen brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $147.57.

A number of equities analysts have issued reports on TOL shares. UBS Group cut their price objective on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Bank of America cut their price target on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Barclays decreased their price objective on shares of Toll Brothers from $115.00 to $101.00 and set an "underweight" rating for the company in a research note on Tuesday. Seaport Res Ptn upgraded Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company reduced their target price on Toll Brothers from $170.00 to $150.00 and set an "overweight" rating for the company in a report on Thursday, February 20th.

Toll Brothers Stock Up 4.2 %

NYSE TOL traded up $4.65 during mid-day trading on Monday, hitting $115.20. The company's stock had a trading volume of 1,429,566 shares, compared to its average volume of 1,760,598. The firm has a market capitalization of $11.51 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 1.02 and a beta of 1.76. The company's 50 day simple moving average is $128.09 and its 200 day simple moving average is $141.38. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Toll Brothers has a twelve month low of $108.86 and a twelve month high of $169.52.

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

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, January 10th. Toll Brothers's payout ratio is currently 6.33%.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the sale, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. This represents a 3.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the sale, the chief financial officer now directly owns 20,618 shares of the company's stock, valued at $2,599,311.26. This represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,202 shares of company stock worth $1,947,436. 1.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Fiduciary Alliance LLC bought a new stake in Toll Brothers during the fourth quarter valued at approximately $1,117,000. Franklin Resources Inc. lifted its holdings in shares of Toll Brothers by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company's stock worth $27,659,000 after acquiring an additional 9,195 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Toll Brothers in the 3rd quarter worth about $12,506,000. Chartwell Investment Partners LLC increased its position in shares of Toll Brothers by 66.5% during the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company's stock valued at $5,453,000 after purchasing an additional 14,092 shares during the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Toll Brothers by 4,894.1% during the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company's stock valued at $525,000 after buying an additional 3,328 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

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.