Toll Brothers Inc. (TOL) Downgraded by BidaskClub

BidaskClub lowered shares of Toll Brothers Inc. (NYSE:TOL) from a buy rating to a hold rating in a report published on Sunday, July 30th.

TOL has been the subject of a number of other reports. Zelman & Associates upgraded shares of Toll Brothers from a hold rating to a buy rating in a research note on Wednesday, May 17th. Mizuho assumed coverage on shares of Toll Brothers in a research note on Tuesday, May 16th. They issued a buy rating and a $44.00 price target for the company. Zacks Investment Research upgraded shares of Toll Brothers from a hold rating to a buy rating and set a $40.00 price target for the company in a research note on Tuesday, April 25th. Citigroup Inc. lifted their price target on shares of Toll Brothers from $35.00 to $40.00 and gave the stock a buy rating in a research note on Thursday, May 25th. Finally, Bank of America Corporation reiterated a buy rating and issued a $43.00 price target (up from $40.00) on shares of Toll Brothers in a research note on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $39.67.

Toll Brothers (NYSE:TOL) traded up 0.81% on Friday, reaching $38.73. 1,004,887 shares of the company traded hands. The company has a market capitalization of $6.34 billion, a PE ratio of 15.97 and a beta of 1.52. Toll Brothers has a one year low of $26.65 and a one year high of $41.07. The stock’s 50 day moving average price is $39.47 and its 200 day moving average price is $36.63.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, May 23rd. The construction company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.10. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. Toll Brothers had a net margin of 7.67% and a return on equity of 9.71%. Toll Brothers’s revenue was up 22.2% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. On average, equities research analysts predict that Toll Brothers will post $3.15 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Wednesday, July 12th. Toll Brothers’s payout ratio is 13.17%.

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 10,000 shares of Toll Brothers stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $38.50, for a total transaction of $385,000.00. Following the transaction, the chief executive officer now owns 186,372 shares of the company’s stock, valued at $7,175,322. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert I. Toll sold 1,967 shares of Toll Brothers stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $38.00, for a total transaction of $74,746.00. Following the transaction, the insider now directly owns 7,420,317 shares in the company, valued at approximately $281,972,046. The disclosure for this sale can be found here. Insiders have sold 405,500 shares of company stock worth $15,531,221 in the last ninety days. Insiders own 8.78% of the company’s stock.

A number of institutional investors have recently modified their holdings of TOL. Navellier & Associates Inc purchased a new position in shares of Toll Brothers during the first quarter valued at $208,000. DnB Asset Management AS bought a new position in Toll Brothers during the first quarter valued at approximately $418,000. Louisiana State Employees Retirement System increased its position in Toll Brothers by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 37,300 shares of the construction company’s stock valued at $1,347,000 after buying an additional 400 shares during the period. Capstone Asset Management Co. increased its position in Toll Brothers by 4.4% in the first quarter. Capstone Asset Management Co. now owns 16,545 shares of the construction company’s stock valued at $597,000 after buying an additional 690 shares during the period. Finally, Bank of Montreal Can increased its position in Toll Brothers by 6.8% in the first quarter. Bank of Montreal Can now owns 273,393 shares of the construction company’s stock valued at $9,872,000 after buying an additional 17,330 shares during the period. 80.44% of the stock is currently owned by institutional investors and hedge funds.

About Toll Brothers

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

Analyst Recommendations for Toll Brothers (NYSE:TOL)

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