Toll Brothers (NYSE:TOL) Earns "Outperform" Rating from Wedbush

Wedbush reissued their outperform rating on shares of Toll Brothers (NYSE:TOL - Free Report) in a research report released on Friday,RTT News reports. The brokerage currently has a $175.00 price objective on the construction company's stock.

TOL has been the topic of a number of other reports. Royal Bank of Canada lifted their price objective on Toll Brothers from $143.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Oppenheimer restated an "outperform" rating and set a $189.00 price objective on shares of Toll Brothers in a report on Thursday, December 12th. Barclays decreased their price objective on Toll Brothers from $135.00 to $115.00 and set an "underweight" rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $150.00 target price (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Finally, Seaport Res Ptn raised Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers currently has an average rating of "Moderate Buy" and an average target price of $156.00.

Toll Brothers Stock Performance

TOL traded down $1.66 on Friday, hitting $121.97. The company had a trading volume of 3,484,786 shares, compared to its average volume of 1,610,650. The stock has a market cap of $12.18 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 1.15 and a beta of 1.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. The company's fifty day moving average price is $130.51 and its 200 day moving average price is $141.86. Toll Brothers has a 1-year low of $100.47 and a 1-year 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 for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. Equities analysts predict that Toll Brothers will post 14.15 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors 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 0.75%. The ex-dividend date was Friday, January 10th. Toll Brothers's dividend payout ratio is currently 6.12%.

Insider Buying and Selling

In other news, CFO Martin P. Connor sold 11,140 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now owns 20,618 shares of the company's stock, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the business'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 sale, 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 sold 15,202 shares of company stock worth $1,947,436 in the last quarter. Insiders own 1.54% of the company's stock.

Hedge Funds Weigh In On Toll Brothers

Hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC lifted its stake in shares of Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock valued at $28,000 after purchasing an additional 66 shares during the period. First Trust Direct Indexing L.P. lifted its stake in Toll Brothers by 1.4% in the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company's stock valued at $786,000 after buying an additional 72 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Toll Brothers by 34.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock worth $37,000 after buying an additional 75 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in shares of Toll Brothers by 3.7% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company's stock worth $363,000 after buying an additional 83 shares during the period. Finally, Nilsine Partners LLC grew its position in shares of Toll Brothers by 0.5% during the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company's stock worth $2,433,000 after buying an additional 88 shares during the period. 91.76% of the stock is owned by institutional investors.

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.