Toll Brothers Inc. (NYSE:TOL) Given Average Rating of “Moderate Buy” by Brokerages

Toll Brothers Inc. (NYSE:TOL) has received an average recommendation of “Moderate Buy” from the eighteen research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $150.3571.

Several equities research analysts have recently weighed in on the stock. Barclays upped their price target on shares of Toll Brothers from $92.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 10th. BTIG Research assumed coverage on shares of Toll Brothers in a research note on Monday, December 1st. They issued a “neutral” rating for the company. Citigroup dropped their target price on Toll Brothers from $147.00 to $141.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. Zacks Research downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. Finally, JPMorgan Chase & Co. reduced their price target on Toll Brothers from $161.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, December 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wiser Advisor Group LLC purchased a new stake in Toll Brothers during the third quarter valued at approximately $27,000. Ramirez Asset Management Inc. acquired a new position in shares of Toll Brothers during the third quarter worth $28,000. Abich Financial Wealth Management LLC acquired a new position in shares of Toll Brothers during the third quarter worth $28,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Toll Brothers during the 3rd quarter valued at $29,000. Finally, Smithfield Trust Co boosted its position in shares of Toll Brothers by 136.4% in the 3rd quarter. Smithfield Trust Co now owns 260 shares of the construction company’s stock worth $36,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $139.80 on Friday. The company has a current ratio of 4.38, a quick ratio of 0.64 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average price is $135.53 and its 200-day moving average price is $129.78. The firm has a market cap of $13.47 billion, a P/E ratio of 10.31, a P/E/G ratio of 1.13 and a beta of 1.39. Toll Brothers has a 12 month low of $86.67 and a 12 month high of $149.79.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Monday, December 8th. The construction company reported $4.58 earnings per share for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.30). Toll Brothers had a return on equity of 16.74% and a net margin of 12.28%.The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period last year, the company earned $4.63 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that Toll Brothers will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be issued a $0.25 dividend. The ex-dividend date is Friday, January 9th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s payout ratio is currently 7.37%.

About Toll Brothers

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.