Royal Bank Of Canada Boosts Toll Brothers Inc. (NYSE:TOL) Price Target to $45.00
Toll Brothers Inc. (NYSE:TOL) had its price objective lifted by Royal Bank Of Canada from $43.00 to $45.00 in a report issued on Thursday, Marketbeat.com reports. The firm presently has an “outperform” rating on the construction company’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 12.02% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. Bank of America Corporation reaffirmed a “buy” rating and issued a $43.00 price objective (up previously from $40.00) on shares of Toll Brothers in a research note on Wednesday, May 24th. Mizuho assumed coverage on Toll Brothers in a research note on Tuesday, May 16th. They issued a “buy” rating and a $44.00 price objective for the company. Buckingham Research lowered Toll Brothers from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 24th. They noted that the move was a valuation call. Citigroup Inc. upped their price objective on Toll Brothers from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $32.00 price objective on shares of Toll Brothers in a research note on Wednesday, March 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Toll Brothers presently has an average rating of “Buy” and a consensus target price of $39.33.
Toll Brothers (NYSE TOL) traded up 0.15% during mid-day trading on Thursday, hitting $40.17. The company’s stock had a trading volume of 1,401,856 shares. The company’s 50 day moving average is $38.11 and its 200-day moving average is $34.93. The stock has a market cap of $6.57 billion, a P/E ratio of 16.56 and a beta of 1.52. Toll Brothers has a 52-week low of $26.65 and a 52-week high of $41.07.
Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, May 23rd. The construction company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.10. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. Toll Brothers had a return on equity of 9.71% and a net margin of 7.67%. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. On average, equities analysts predict that Toll Brothers will post $3.15 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 14th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.80%. Toll Brothers’s dividend payout ratio (DPR) is presently 13.17%.
In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 4,155 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $39.92, for a total transaction of $165,867.60. Following the sale, the chief executive officer now directly owns 176,372 shares in the company, valued at $7,040,770.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert I. Toll sold 1,967 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $38.00, for a total value of $74,746.00. Following the sale, the insider now owns 7,420,317 shares in the company, valued at $281,972,046. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 413,336 shares of company stock worth $15,821,153. Company insiders own 8.78% of the company’s stock.
Large investors have recently modified their holdings of the stock. US Bancorp DE increased 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 worth $101,000 after buying an additional 49 shares during the period. Charter Trust Co. increased its stake in shares of Toll Brothers by 1.4% in the first quarter. Charter Trust Co. now owns 7,324 shares of the construction company’s stock worth $264,000 after buying an additional 100 shares during the period. Cutter & CO Brokerage Inc. increased its stake in shares of Toll Brothers by 1.7% in the first quarter. Cutter & CO Brokerage Inc. now owns 7,384 shares of the construction company’s stock worth $267,000 after buying an additional 120 shares during the period. Mason Street Advisors LLC increased its stake in shares of Toll Brothers by 0.3% in the first quarter. Mason Street Advisors LLC now owns 69,843 shares of the construction company’s stock worth $2,522,000 after buying an additional 192 shares during the period. Finally, Toronto Dominion Bank increased 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 worth $134,000 after buying an additional 339 shares during the period. Institutional investors and hedge funds own 80.16% of the company’s stock.
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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