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

Toll Brothers, Inc. (NYSE:TOL) has earned a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $141.08.

Several research analysts have weighed in on TOL shares. Wall Street Zen raised Toll Brothers from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Oppenheimer cut their price objective on Toll Brothers from $165.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, May 15th. Wells Fargo & Company dropped their price target on Toll Brothers from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 3rd. Raymond James reaffirmed a “strong-buy” rating and set a $130.00 price target (down previously from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. Finally, Royal Bank of Canada dropped their price target on Toll Brothers from $139.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, May 16th.

Toll Brothers Stock Down 1.2%

TOL stock opened at $107.39 on Wednesday. The stock’s fifty day simple moving average is $101.16 and its two-hundred day simple moving average is $118.19. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Toll Brothers has a 1-year low of $86.67 and a 1-year high of $169.52. The stock has a market cap of $10.54 billion, a P/E ratio of 7.39, a P/E/G ratio of 1.02 and a beta of 1.35.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.64. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the firm earned $3.38 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis. Analysts expect that Toll Brothers will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a dividend of $0.25 per share. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. Toll Brothers’s dividend payout ratio is 7.42%.

Institutional Trading of Toll Brothers

A number of institutional investors have recently added to or reduced their stakes in TOL. Sound Income Strategies LLC lifted its holdings in Toll Brothers by 84.2% during the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company’s stock worth $26,000 after purchasing an additional 112 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in Toll Brothers in the 4th quarter worth about $27,000. Promus Capital LLC bought a new position in Toll Brothers in the 4th quarter worth about $29,000. Brooklyn Investment Group increased its stake in Toll Brothers by 52.8% in the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock worth $29,000 after acquiring an additional 94 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in Toll Brothers by 152.6% in the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock worth $31,000 after acquiring an additional 177 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.