Toll Brothers (NYSE:TOL) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Toll Brothers (NYSE:TOL) from a hold rating to a buy rating in a research report report published on Tuesday morning.

A number of other equities research analysts have also recently weighed in on TOL. JPMorgan Chase & Co. boosted their price objective on Toll Brothers from $127.00 to $128.00 and gave the company an overweight rating in a research note on Friday, February 23rd. The Goldman Sachs Group upped their target price on Toll Brothers from $94.00 to $96.00 and gave the company a sell rating in a report on Thursday, February 22nd. Wells Fargo & Company increased their price objective on Toll Brothers from $120.00 to $130.00 and gave the company an overweight rating in a research note on Thursday, February 22nd. Wedbush reissued a neutral rating and issued a $87.00 price target on shares of Toll Brothers in a research note on Wednesday, February 21st. Finally, Citigroup raised their price objective on Toll Brothers from $116.00 to $138.00 and gave the stock a neutral rating in a report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $113.80.

Toll Brothers Stock Down 3.0 %

Shares of TOL opened at $114.34 on Tuesday. The firm has a market cap of $11.91 billion, a P/E ratio of 8.84, a price-to-earnings-growth ratio of 1.00 and a beta of 1.66. Toll Brothers has a 12-month low of $59.46 and a 12-month high of $130.63. The company’s 50-day moving average price is $116.69 and its 200 day moving average price is $98.44. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOL) last released its earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.48. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the company posted $1.70 EPS. Toll Brothers’s revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts forecast that Toll Brothers will post 13.71 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, April 4th. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 0.80%. Toll Brothers’s dividend payout ratio is presently 7.11%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $116.05, for a total transaction of $580,250.00. Following the completion of the sale, the chief financial officer now directly owns 49,721 shares in the company, valued at approximately $5,770,122.05. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.02, for a total value of $1,180,200.00. Following the completion of the sale, the director now owns 34,069 shares in the company, valued at approximately $4,020,823.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $116.05, for a total transaction of $580,250.00. Following the sale, the chief financial officer now owns 49,721 shares of the company’s stock, valued at approximately $5,770,122.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,500 shares of company stock worth $7,881,930. Corporate insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Capital Insight Partners LLC lifted its holdings in shares of Toll Brothers by 37.1% during the 1st quarter. Capital Insight Partners LLC now owns 13,996 shares of the construction company’s stock worth $1,811,000 after acquiring an additional 3,790 shares during the last quarter. Register Financial Advisors LLC purchased a new position in shares of Toll Brothers in the first quarter valued at about $26,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Toll Brothers by 0.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 308,236 shares of the construction company’s stock valued at $39,876,000 after buying an additional 2,729 shares during the period. Brookstone Capital Management purchased a new position in shares of Toll Brothers during the first quarter valued at about $224,000. Finally, Atlas Capital Advisors LLC boosted its stake in Toll Brothers by 7.1% during the first quarter. Atlas Capital Advisors LLC now owns 7,919 shares of the construction company’s stock worth $1,024,000 after acquiring an additional 524 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

About Toll Brothers

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.