Toll Brothers Inc. (NYSE:TOL) Receives Consensus Recommendation of “Buy” from Analysts
Toll Brothers Inc. (NYSE:TOL) has been assigned a consensus recommendation of “Buy” from the nineteen research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $39.20.
A number of brokerages recently weighed in on TOL. BidaskClub raised shares of Toll Brothers from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $37.00 target price on shares of Toll Brothers in a research note on Monday, April 10th. Royal Bank Of Canada raised shares of Toll Brothers from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $37.00 to $43.00 in a research note on Tuesday, April 11th. Credit Suisse Group began coverage on shares of Toll Brothers in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $39.00 target price for the company. Finally, Citigroup Inc. upped their target price on shares of Toll Brothers from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th.
In other news, CFO Martin P. Connor sold 2,000 shares of the company’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $40.45, for a total value of $80,900.00. Following the sale, the chief financial officer now directly owns 34,836 shares of the company’s stock, valued at approximately $1,409,116.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robert I. Toll sold 273,033 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $38.00, for a total transaction of $10,375,254.00. Following the completion of the sale, the insider now directly 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 405,500 shares of company stock valued at $15,531,221. Company insiders own 8.78% of the company’s stock.
Large investors have recently modified their holdings of the stock. NewSquare Capital LLC purchased a new stake in shares of Toll Brothers during the second quarter worth about $101,000. Advisors Asset Management Inc. boosted its stake in shares of Toll Brothers by 61.6% in the second quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock worth $105,000 after buying an additional 1,017 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Toll Brothers by 369.1% in the second quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock worth $108,000 after buying an additional 2,152 shares during the last quarter. 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 worth $101,000 after buying an additional 49 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Toll Brothers during the first quarter worth about $114,000. 80.44% of the stock is currently owned by institutional investors.
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Shares of Toll Brothers (NYSE:TOL) opened at 39.73 on Tuesday. Toll Brothers has a 1-year low of $26.65 and a 1-year high of $41.07. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 16.38 and a beta of 1.52. The stock’s 50 day moving average price is $39.35 and its 200 day moving average price is $36.26.
Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, May 23rd. The construction company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 net margin of 7.67% and a return on equity of 9.71%. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. Analysts expect that Toll Brothers will post $3.15 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.81%. Toll Brothers’s dividend payout ratio is 13.17%.
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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