Toll Brothers (NYSE:TOL) Lifted to “Overweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Toll Brothers (NYSE:TOLGet Rating) from a neutral rating to an overweight rating in a research report report published on Tuesday, The Fly reports. They currently have $58.00 price target on the construction company’s stock, up from their previous price target of $47.00.

TOL has been the topic of several other reports. KeyCorp raised Toll Brothers from an underweight rating to a sector weight rating in a research note on Monday, September 19th. Citigroup boosted their target price on Toll Brothers to $47.00 in a report on Thursday, October 13th. initiated coverage on Toll Brothers in a report on Wednesday, October 12th. They issued a hold rating on the stock. Bank of America downgraded Toll Brothers from a buy rating to a neutral rating and set a $49.00 target price on the stock. in a report on Thursday, August 25th. Finally, Wedbush dropped their target price on Toll Brothers from $62.00 to $50.00 and set a neutral rating on the stock in a report on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to, the stock currently has an average rating of Hold and an average price target of $52.75.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $46.00 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.99 and a quick ratio of 0.48. The business’s 50 day simple moving average is $43.46 and its two-hundred day simple moving average is $45.74. The stock has a market capitalization of $5.21 billion, a P/E ratio of 5.44 and a beta of 1.38. Toll Brothers has a one year low of $39.53 and a one year high of $75.61.

Toll Brothers (NYSE:TOLGet Rating) last posted its earnings results on Tuesday, August 23rd. The construction company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.05. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Toll Brothers had a return on equity of 18.93% and a net margin of 10.62%. During the same period in the previous year, the firm earned $1.87 earnings per share. Analysts forecast that Toll Brothers will post 9.31 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 21st. Investors of record on Friday, October 7th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Thursday, October 6th. Toll Brothers’s dividend payout ratio is currently 9.46%.

Insider Buying and Selling

In other Toll Brothers news, Director Carl B. Marbach sold 1,000 shares of the firm’s stock in a transaction on Tuesday, October 11th. The stock was sold at an average price of $44.60, for a total transaction of $44,600.00. Following the transaction, the director now directly owns 71,155 shares in the company, valued at approximately $3,173,513. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.28% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Veritable L.P. grew its stake in Toll Brothers by 2.7% during the 1st quarter. Veritable L.P. now owns 25,474 shares of the construction company’s stock worth $1,198,000 after buying an additional 673 shares during the last quarter. Cerity Partners LLC purchased a new position in Toll Brothers during the 2nd quarter worth $273,000. Paragon Capital Management Ltd acquired a new stake in Toll Brothers during the 2nd quarter worth about $202,000. KBC Group NV lifted its position in Toll Brothers by 80.3% during the 1st quarter. KBC Group NV now owns 5,502 shares of the construction company’s stock worth $259,000 after acquiring an additional 2,451 shares during the period. Finally, Pictet Asset Management SA lifted its position in Toll Brothers by 14.9% during the 2nd quarter. Pictet Asset Management SA now owns 780,574 shares of the construction company’s stock worth $34,814,000 after acquiring an additional 101,142 shares during the period. 85.37% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Company Profile

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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. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living.

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