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

Shares of Toll Brothers Inc. (NYSE:TOL) have been given a consensus rating of “Moderate Buy” by the nineteen brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, ten have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $165.25.

A number of analysts have issued reports on the stock. Barclays reiterated an “underweight” rating on shares of Toll Brothers in a report on Monday, February 23rd. Evercore set a $174.00 price objective on Toll Brothers in a research report on Thursday, February 19th. JPMorgan Chase & Co. lifted their target price on Toll Brothers from $141.00 to $143.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Keefe, Bruyette & Woods increased their price target on Toll Brothers from $143.00 to $170.00 and gave the company a “market perform” rating in a research note on Wednesday, February 25th. Finally, Zacks Research upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th.

Toll Brothers Trading Down 0.4%

Shares of TOL opened at $130.54 on Tuesday. The firm has a market cap of $12.36 billion, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.57 and a quick ratio of 0.62. Toll Brothers has a 1 year low of $86.67 and a 1 year high of $168.36. The company has a 50 day simple moving average of $148.51 and a two-hundred day simple moving average of $141.11.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.05 by $0.14. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $1.86 billion. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.75 earnings per share. On average, equities analysts expect that Toll Brothers will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, April 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.25. Toll Brothers’s dividend payout ratio is currently 7.14%.

Insiders Place Their Bets

In related news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total value of $7,237,508.72. Following the sale, the chief executive officer owned 321,256 shares in the company, valued at approximately $51,535,887.52. The trade was a 12.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul E. Shapiro sold 3,965 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the sale, the director directly owned 118,680 shares in the company, valued at approximately $17,407,982.40. The trade was a 3.23% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TOL. Candriam S.C.A. purchased a new position in shares of Toll Brothers in the 3rd quarter worth approximately $5,407,000. Moody Aldrich Partners LLC boosted its stake in Toll Brothers by 93.7% during the third quarter. Moody Aldrich Partners LLC now owns 27,234 shares of the construction company’s stock worth $3,762,000 after buying an additional 13,175 shares during the period. Alps Advisors Inc. purchased a new position in Toll Brothers during the third quarter worth $6,929,000. Allianz Asset Management GmbH increased its position in Toll Brothers by 11.1% during the third quarter. Allianz Asset Management GmbH now owns 226,911 shares of the construction company’s stock valued at $31,345,000 after acquiring an additional 22,687 shares during the last quarter. Finally, Advisors Capital Management LLC bought a new position in Toll Brothers during the third quarter valued at $2,514,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

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.