Toll Brothers (NYSE:TOL) Upgraded at Evercore

Evercore upgraded shares of Toll Brothers (NYSE:TOL) from an in-line rating to an outperform rating in a report published on Monday, Marketbeat Ratings reports. The brokerage currently has $176.00 price objective on the construction company’s stock.

Several other research analysts have also issued reports on the company. Weiss Ratings raised Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Citigroup increased their target price on Toll Brothers from $141.00 to $162.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Seaport Research Partners reissued a “neutral” rating on shares of Toll Brothers in a research report on Tuesday, April 7th. Barclays decreased their target price on Toll Brothers from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, April 8th. Finally, The Goldman Sachs Group upped their price target on Toll Brothers from $140.00 to $156.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $165.69.

Toll Brothers Stock Down 1.0%

Shares of NYSE:TOL opened at $140.45 on Monday. Toll Brothers has a 52-week low of $90.78 and a 52-week high of $168.36. The firm has a market capitalization of $13.30 billion, a P/E ratio of 10.03, a P/E/G ratio of 1.11 and a beta of 1.49. The stock has a 50 day moving average price of $146.69 and a 200-day moving average price of $141.04. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 4.57.

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

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, April 10th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.25. Toll Brothers’s dividend payout ratio (DPR) is currently 7.43%.

Insider Buying and Selling at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was 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 $51,535,887.52. This represents a 12.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.37% of the stock is owned by insiders.

Institutional Trading of Toll Brothers

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wiser Advisor Group LLC purchased a new stake in Toll Brothers during the 3rd quarter valued at $27,000. Pinnacle Holdings LLC purchased a new stake in Toll Brothers during the 4th quarter valued at $27,000. Abich Financial Wealth Management LLC purchased a new stake in Toll Brothers during the 3rd quarter valued at $28,000. Ramirez Asset Management Inc. purchased a new stake in Toll Brothers during the 3rd quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Toll Brothers during the 3rd quarter valued at $29,000. Hedge funds and other 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.