Toll Brothers Inc. (TOL) Earns Neutral Rating from Analysts at Credit Suisse Group
Credit Suisse Group started coverage on shares of Toll Brothers Inc. (NYSE:TOL) in a research report issued on Thursday, The Fly reports. The brokerage set a “neutral” rating on the construction company’s stock.
Several other analysts have also commented on TOL. BidaskClub raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Wedbush set a $32.00 price target on shares of Toll Brothers and gave the company a “hold” rating in a research report on Wednesday, February 22nd. Bank of America Corporation reissued a “buy” rating and issued a $43.00 price target (up previously from $40.00) on shares of Toll Brothers in a research report on Wednesday, May 24th. Royal Bank Of Canada boosted their price target on shares of Toll Brothers from $35.00 to $37.00 and gave the company a “sector perform” rating in a research report on Thursday, February 23rd. Finally, Mizuho initiated coverage on shares of Toll Brothers in a research report on Tuesday, May 16th. They issued a “buy” rating and a $44.00 price target on the stock. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $38.17.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 23rd. The construction company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.63 by $0.10. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. Toll Brothers had a net margin of 7.67% and a return on equity of 9.71%. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, July 14th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.82%. Toll Brothers’s dividend payout ratio (DPR) is 13.17%.
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In other news, Director Stephen A. Novick sold 85,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $39.08, for a total value of $3,321,800.00. Following the completion of the sale, the director now owns 24,417 shares of the company’s stock, valued at approximately $954,216.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert I. Toll sold 1,967 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $38.00, for a total transaction of $74,746.00. Following the completion of the sale, the insider now directly owns 7,420,317 shares of the company’s stock, valued at approximately $281,972,046. The disclosure for this sale can be found here. Insiders sold a total of 409,172 shares of company stock valued at $15,625,545 in the last ninety days. 8.78% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. US Bancorp DE boosted its stake in shares of Toll Brothers by 1.8% in the first quarter. US Bancorp DE now owns 2,791 shares of the construction company’s stock valued at $101,000 after buying an additional 49 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Toll Brothers during the first quarter valued at $114,000. Macquarie Group Ltd. boosted its stake in shares of Toll Brothers by 17.9% in the fourth quarter. Macquarie Group Ltd. now owns 3,300 shares of the construction company’s stock valued at $102,000 after buying an additional 500 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Toll Brothers by 10.1% in the first quarter. Toronto Dominion Bank now owns 3,704 shares of the construction company’s stock valued at $134,000 after buying an additional 339 shares during the last quarter. Finally, Navellier & Associates Inc purchased a new stake in shares of Toll Brothers during the first quarter valued at $208,000. 80.15% of the stock is owned by institutional investors and hedge funds.
Toll Brothers Company Profile
Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
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