Toll Brothers (NYSE:TOL) Upgraded at Zelman & Associates

Zelman & Associates upgraded shares of Toll Brothers (NYSE:TOLGet Rating) from a hold rating to a buy rating in a report issued on Thursday morning, The Fly reports.

A number of other research analysts also recently issued reports on TOL. Oppenheimer boosted their target price on shares of Toll Brothers from $71.00 to $73.00 and gave the company an outperform rating in a research report on Friday, February 24th. Credit Suisse Group boosted their target price on shares of Toll Brothers from $63.00 to $73.00 in a research report on Wednesday. Royal Bank of Canada upgraded shares of Toll Brothers from a sector perform rating to an outperform rating and boosted their target price for the company from $55.00 to $77.00 in a research report on Thursday. UBS Group boosted their target price on shares of Toll Brothers from $65.00 to $73.00 and gave the company a buy rating in a research report on Thursday, February 23rd. Finally, Raymond James boosted their target price 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Toll Brothers presently has a consensus rating of Hold and a consensus price target of $63.50.

Toll Brothers Stock Performance

Shares of NYSE:TOL opened at $68.13 on Thursday. The firm has a 50 day moving average of $61.52 and a 200 day moving average of $56.14. The company has a quick ratio of 0.78, a current ratio of 5.14 and a debt-to-equity ratio of 0.44. Toll Brothers has a 52 week low of $39.53 and a 52 week high of $69.22. The company has a market capitalization of $7.54 billion, a price-to-earnings ratio of 5.44, a price-to-earnings-growth ratio of 0.68 and a beta of 1.38.

Toll Brothers (NYSE:TOLGet Rating) last announced its quarterly earnings data on Wednesday, May 24th. The construction company reported $2.85 earnings per share for the quarter, beating 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 business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.85 earnings per share. On average, sell-side analysts predict that Toll Brothers will post 8.66 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On Toll Brothers

A number of hedge funds and other institutional investors have recently modified their holdings of TOL. Millennium Management LLC raised its holdings in shares of Toll Brothers by 271.6% in the 4th quarter. Millennium Management LLC now owns 3,096,331 shares of the construction company’s stock valued at $154,569,000 after purchasing an additional 2,263,039 shares in the last quarter. Arete Wealth Advisors LLC purchased a new position in shares of Toll Brothers in the 1st quarter valued at $2,627,296,000,000. Norges Bank purchased a new position in shares of Toll Brothers in the 4th quarter valued at $53,702,000. Balyasny Asset Management LLC grew its position in shares of Toll Brothers by 11,994.2% in the 3rd quarter. Balyasny Asset Management LLC now owns 1,057,878 shares of the construction company’s stock valued at $44,430,000 after buying an additional 1,049,131 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Toll Brothers by 9.1% in the 1st quarter. Vanguard Group Inc. now owns 11,623,797 shares of the construction company’s stock valued at $546,551,000 after buying an additional 968,528 shares during the last quarter. 82.74% of the stock is currently owned by institutional investors and hedge funds.

About Toll Brothers

(Get Rating)

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.

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Analyst Recommendations for Toll Brothers (NYSE:TOL)

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