Toll Brothers (NYSE:TOL) Raised to Outperform at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Toll Brothers (NYSE:TOL – Get Rating) from a sector perform rating to an outperform rating in a report issued on Thursday morning, The Fly reports. Royal Bank of Canada currently has $77.00 price target on the construction company’s stock, up from their prior price target of $55.00.

Other equities research analysts also recently issued research reports about the stock. Raymond James upped their price target on shares of Toll Brothers from $61.00 to $67.00 and gave the company an outperform rating in a research report on Thursday, February 23rd. Oppenheimer increased their target price on shares of Toll Brothers from $71.00 to $73.00 and gave the stock an outperform rating in a research report on Friday, February 24th. StockNews.com lowered shares of Toll Brothers from a buy rating to a hold rating in a research note on Saturday, May 20th. UBS Group increased their price target on shares of Toll Brothers from $65.00 to $73.00 and gave the stock a buy rating in a research note on Thursday, February 23rd. Finally, Credit Suisse Group raised their target price on shares of Toll Brothers from $63.00 to $73.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and an average target price of $63.50.

Toll Brothers Stock Up 4.7 %

TOL stock opened at $68.13 on Thursday. Toll Brothers has a one year low of $39.53 and a one year high of $69.22. The company has a 50 day moving average price of $61.52 and a two-hundred day moving average price of $56.14. The stock has a market capitalization of $7.54 billion, a P/E ratio of 5.44, a PEG ratio of 0.68 and a beta of 1.38. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 5.14.

Toll Brothers (NYSE:TOL – Get Rating) last issued its quarterly earnings data on Wednesday, May 24th. The construction company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.96. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.07 billion. Toll Brothers had a net margin of 13.59% and a return on equity of 21.75%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.85 EPS. As a group, sell-side analysts expect that Toll Brothers will post 8.66 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 21st. Shareholders of record on Thursday, April 6th were issued a $0.21 dividend. This is an increase from Toll Brothers’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, April 5th. Toll Brothers’s payout ratio is currently 6.70%.

Insider Buying and Selling

In related news, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $58.69, for a total transaction of $586,900.00. Following the completion of the sale, the director now owns 65,066 shares of the company’s stock, valued at $3,818,723.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Carl B. Marbach sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $58.69, for a total transaction of $586,900.00. Following the completion of the sale, the director now owns 65,066 shares of the company’s stock, valued at approximately $3,818,723.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christine Garvey sold 2,980 shares of Toll Brothers stock in a transaction on Wednesday, April 12th. The shares were sold at an average price of $60.13, for a total transaction of $179,187.40. Following the completion of the sale, the director now directly owns 8,284 shares of the company’s stock, valued at approximately $498,116.92. The disclosure for this sale can be found here. Insiders sold 13,105 shares of company stock valued at $773,444 over the last quarter. 1.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On Toll Brothers

A number of hedge funds have recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in shares of Toll Brothers by 43.9% in the 1st quarter. American Century Companies Inc. now owns 28,381 shares of the construction company’s stock worth $1,334,000 after buying an additional 8,663 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Toll Brothers by 34.5% in the first quarter. MetLife Investment Management LLC now owns 74,581 shares of the construction company’s stock worth $3,507,000 after buying an additional 19,135 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Toll Brothers by 7.9% during the first quarter. Panagora Asset Management Inc. now owns 6,592 shares of the construction company’s stock valued at $310,000 after purchasing an additional 480 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Toll Brothers by 8.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,183 shares of the construction company’s stock valued at $1,936,000 after purchasing an additional 3,249 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in Toll Brothers by 9.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 64,890 shares of the construction company’s stock worth $3,138,000 after purchasing an additional 5,333 shares in the last quarter. 82.74% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Company Profile

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Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and caters to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.