Toll Brothers (NYSE:TOL) Lowered to "Sell" Rating by StockNews.com

StockNews.com cut shares of Toll Brothers (NYSE:TOL - Free Report) from a hold rating to a sell rating in a research report sent to investors on Monday.

TOL has been the topic of a number of other research reports. Royal Bank of Canada dropped their target price on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Bank of America dropped their price objective on Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Seaport Res Ptn upgraded shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. Wells Fargo & Company dropped their price target on shares of Toll Brothers from $170.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. Finally, Wedbush restated an "outperform" rating and set a $175.00 price target on shares of Toll Brothers in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $147.57.

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Toll Brothers Stock Down 1.6 %

TOL traded down $1.75 during trading on Monday, hitting $109.40. 2,369,880 shares of the company's stock were exchanged, compared to its average volume of 1,420,413. Toll Brothers has a fifty-two week low of $105.73 and a fifty-two week high of $169.52. The stock has a market cap of $10.93 billion, a P/E ratio of 7.53, a PEG ratio of 1.02 and a beta of 1.77. The business's 50 day moving average is $125.48 and its two-hundred day moving average is $140.24. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

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

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.84%. Toll Brothers's payout ratio is presently 6.33%.

Insider Activity

In other news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the transaction, the director now owns 13,186 shares in the company, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul E. Shapiro sold 3,837 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the transaction, the director now directly owns 119,937 shares of the company's stock, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,622 shares of company stock valued at $1,993,880 in the last 90 days. Insiders own 1.54% of the company's stock.

Institutional Investors Weigh In On Toll Brothers

A number of hedge funds and other institutional investors have recently bought and sold shares of TOL. State Street Corp grew its position in shares of Toll Brothers by 1.2% in the third quarter. State Street Corp now owns 3,662,387 shares of the construction company's stock valued at $565,802,000 after purchasing an additional 42,871 shares in the last quarter. FMR LLC boosted its stake in Toll Brothers by 19.4% in the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock worth $318,509,000 after purchasing an additional 410,394 shares during the period. Geode Capital Management LLC grew its holdings in Toll Brothers by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company's stock valued at $276,263,000 after buying an additional 35,001 shares in the last quarter. Invesco Ltd. increased its position in shares of Toll Brothers by 14.2% during the fourth quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company's stock valued at $239,751,000 after buying an additional 236,402 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of Toll Brothers by 38.7% in the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company's stock worth $154,449,000 after buying an additional 341,980 shares in the last quarter. 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.