Toll Brothers (NYSE:TOL) Price Target Raised to $154.00 at UBS Group

Toll Brothers (NYSE:TOL) had its price objective upped by UBS Group from $140.00 to $154.00 in a report published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Company upped their target price on shares of Toll Brothers from $142.00 to $150.00 and gave the stock an overweight rating in a report on Wednesday, May 15th. StockNews.com raised Toll Brothers from a hold rating to a buy rating in a research note on Tuesday, April 16th. Royal Bank of Canada lifted their target price on Toll Brothers from $122.00 to $130.00 and gave the company an outperform rating in a research report on Thursday. Keefe, Bruyette & Woods upped their price target on Toll Brothers from $120.00 to $135.00 and gave the stock an outperform rating in a report on Wednesday, February 28th. Finally, Citigroup lifted their price objective on shares of Toll Brothers from $138.00 to $139.00 and gave the stock a neutral rating in a report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $123.07.

Toll Brothers Trading Up 2.8 %

NYSE TOL opened at $122.91 on Thursday. The company has a quick ratio of 0.65, a current ratio of 4.59 and a debt-to-equity ratio of 0.39. Toll Brothers has a 52 week low of $66.17 and a 52 week high of $135.37. The business has a 50 day moving average price of $123.21 and a 200-day moving average price of $108.13. The company has a market cap of $12.80 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 0.99 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.13 by ($0.75). Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the previous year, the business posted $2.85 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, equities analysts expect that Toll Brothers will post 12.92 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Thursday, April 4th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s dividend payout ratio (DPR) is 6.28%.

Insider Buying and Selling at Toll Brothers

In other news, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the sale, the director now owns 9,389 shares in the company, valued at approximately $1,120,295.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the sale, the director now directly owns 34,069 shares of the company’s stock, valued at $4,020,823.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the transaction, the director now owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The disclosure for this sale can be found here. Insiders have sold a total of 66,500 shares of company stock worth $7,881,930 over the last three months. 1.54% of the stock is currently owned by insiders.

Institutional Trading of Toll Brothers

Institutional investors have recently modified their holdings of the business. Cetera Advisors LLC bought a new stake in Toll Brothers during the 1st quarter valued at $733,000. Cetera Investment Advisers grew its position in shares of Toll Brothers by 957.1% in the first quarter. Cetera Investment Advisers now owns 22,664 shares of the construction company’s stock valued at $2,932,000 after purchasing an additional 20,520 shares in the last quarter. Burney Co. raised its stake in shares of Toll Brothers by 8.8% during the 1st quarter. Burney Co. now owns 346,454 shares of the construction company’s stock valued at $44,821,000 after purchasing an additional 27,993 shares during the period. Beck Bode LLC purchased a new stake in Toll Brothers during the 1st quarter worth about $860,000. Finally, EMC Capital Management boosted its stake in Toll Brothers by 11.8% in the 1st quarter. EMC Capital Management now owns 7,505 shares of the construction company’s stock worth $971,000 after purchasing an additional 791 shares during the period. 91.76% of the stock is currently owned by hedge funds and other 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.