Toll Brothers (NYSE:TOL) has earned an average recommendation of “Buy” from the twenty brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $50.75.
Several research analysts recently commented on the stock. ValuEngine raised shares of Toll Brothers from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Tuesday, February 6th. Wedbush raised their price objective on shares of Toll Brothers from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, December 29th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $55.00 price target on shares of Toll Brothers in a report on Wednesday, January 24th. Finally, Mizuho set a $58.00 price target on shares of Toll Brothers and gave the company a “buy” rating in a report on Thursday, January 18th.
TOL traded up $0.12 on Friday, hitting $43.53. The company’s stock had a trading volume of 313,674 shares, compared to its average volume of 2,153,844. The company has a market cap of $6,562.80, a PE ratio of 13.72, a price-to-earnings-growth ratio of 0.73 and a beta of 1.38. Toll Brothers has a 12 month low of $35.07 and a 12 month high of $52.73. The company has a current ratio of 7.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.79.
Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.09. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. Toll Brothers had a net margin of 9.84% and a return on equity of 12.58%. Toll Brothers’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS. research analysts forecast that Toll Brothers will post 4.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, April 12th. This represents a $0.44 annualized dividend and a dividend yield of 1.01%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.08. Toll Brothers’s dividend payout ratio (DPR) is 13.88%.
In other news, CFO Martin P. Connor sold 12,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $51.83, for a total transaction of $621,960.00. Following the sale, the chief financial officer now owns 55,357 shares in the company, valued at approximately $2,869,153.31. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Martin P. Connor sold 8,450 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $51.76, for a total transaction of $437,372.00. Following the sale, the chief financial officer now owns 55,357 shares in the company, valued at approximately $2,865,278.32. The disclosure for this sale can be found here. Company insiders own 9.01% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. New York State Common Retirement Fund raised its position in Toll Brothers by 1.5% in the 3rd quarter. New York State Common Retirement Fund now owns 364,515 shares of the construction company’s stock worth $15,116,000 after purchasing an additional 5,500 shares during the period. OxFORD Asset Management LLP purchased a new position in Toll Brothers in the 3rd quarter worth $642,000. Cornerstone Capital Management Holdings LLC. purchased a new position in Toll Brothers in the 3rd quarter worth $4,719,000. Janus Henderson Group PLC raised its position in Toll Brothers by 407.7% in the 3rd quarter. Janus Henderson Group PLC now owns 194,125 shares of the construction company’s stock worth $8,050,000 after purchasing an additional 155,890 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in Toll Brothers in the 3rd quarter worth $216,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.
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Toll Brothers Company Profile
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.
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