Toll Brothers (NYSE:TOL) had its price objective reduced by JPMorgan Chase & Co. from $54.00 to $50.00 in a research note issued to investors on Wednesday. They currently have a neutral rating on the construction company’s stock.
Several other equities research analysts have also issued reports on the stock. Barclays set a $39.00 target price on shares of Toll Brothers and gave the company an underweight rating in a research report on Wednesday. ValuEngine lowered shares of Toll Brothers from a buy rating to a hold rating in a research report on Tuesday. Wedbush lifted their target price on shares of Toll Brothers from $44.00 to $47.00 and gave the company a neutral rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Toll Brothers from a hold rating to a buy rating and set a $47.00 target price for the company in a research report on Tuesday, May 1st. Finally, Mizuho set a $54.00 target price on shares of Toll Brothers and gave the company a buy rating in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. Toll Brothers currently has a consensus rating of Buy and a consensus target price of $51.11.
Shares of Toll Brothers opened at $40.77 on Wednesday, Marketbeat Ratings reports. Toll Brothers has a 1 year low of $36.55 and a 1 year high of $52.73. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 0.58 and a beta of 1.39. The company has a debt-to-equity ratio of 0.81, a current ratio of 6.97 and a quick ratio of 0.89.
Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, May 22nd. The construction company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.04). Toll Brothers had a net margin of 9.27% and a return on equity of 12.50%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. equities research analysts predict that Toll Brothers will post 4.31 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 27th. Shareholders of record on Friday, April 13th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, April 12th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a dividend yield of 1.08%. Toll Brothers’s dividend payout ratio (DPR) is 13.88%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Toll Brothers by 1.1% in the fourth quarter. BlackRock Inc. now owns 17,225,132 shares of the construction company’s stock worth $827,150,000 after buying an additional 187,123 shares during the period. Greenhaven Associates Inc. increased its stake in shares of Toll Brothers by 2.7% in the first quarter. Greenhaven Associates Inc. now owns 4,047,305 shares of the construction company’s stock worth $175,046,000 after buying an additional 105,704 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Toll Brothers by 1.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,183,617 shares of the construction company’s stock worth $152,877,000 after buying an additional 55,276 shares during the period. Millennium Management LLC increased its stake in shares of Toll Brothers by 803.5% in the fourth quarter. Millennium Management LLC now owns 2,045,499 shares of the construction company’s stock worth $98,225,000 after buying an additional 1,819,100 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Toll Brothers by 13.2% in the fourth quarter. Geode Capital Management LLC now owns 2,015,100 shares of the construction company’s stock worth $96,725,000 after buying an additional 235,023 shares during the period. 83.80% of the stock is currently owned by institutional investors.
About Toll Brothers
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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