Toll Brothers (NYSE:TOL) PT Raised to $139.00 at Citigroup

Toll Brothers (NYSE:TOLFree Report) had its target price increased by Citigroup from $138.00 to $139.00 in a report released on Friday, Benzinga reports. Citigroup currently has a neutral rating on the construction company’s stock.

A number of other research firms also recently commented on TOL. Keefe, Bruyette & Woods increased their target price on Toll Brothers from $120.00 to $135.00 and gave the stock an outperform rating in a report on Wednesday, February 28th. Wedbush reaffirmed a neutral rating and set a $105.00 target price on shares of Toll Brothers in a report on Wednesday, May 15th. Barclays increased their target price on Toll Brothers from $95.00 to $115.00 and gave the stock an underweight rating in a report on Monday, February 26th. JPMorgan Chase & Co. raised their price target on Toll Brothers from $127.00 to $128.00 and gave the stock an overweight rating in a report on Friday, February 23rd. Finally, Oppenheimer boosted their price objective on Toll Brothers from $141.00 to $157.00 and gave the company an outperform rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $116.40.

Read Our Latest Stock Report on TOL

Toll Brothers Price Performance

Shares of NYSE TOL opened at $131.06 on Friday. Toll Brothers has a fifty-two week low of $63.34 and a fifty-two week high of $135.37. The business has a 50 day moving average price of $122.81 and a two-hundred day moving average price of $106.76. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. The firm has a market cap of $13.65 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 1.09 and a beta of 1.67.

Toll Brothers (NYSE:TOLGet Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.48. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm earned $1.70 EPS. Toll Brothers’s quarterly revenue was up 9.4% on a year-over-year basis. Sell-side analysts expect that Toll Brothers will post 13.71 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were issued a $0.23 dividend. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.70%. Toll Brothers’s dividend payout ratio is 7.11%.

Insider Transactions at Toll Brothers

In other news, CFO Martin P. Connor sold 5,000 shares of the business’s stock in a transaction 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 directly owns 49,721 shares of the company’s stock, valued at $5,770,122.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the transaction, the director now directly owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $116.05, for a total value of $580,250.00. Following the transaction, the chief financial officer now directly owns 49,721 shares in the company, valued at $5,770,122.05. The disclosure for this sale can be found here. Insiders have sold 66,500 shares of company stock valued at $7,881,930 over the last three months. Company insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. J.Safra Asset Management Corp raised its position in Toll Brothers by 28.9% during the first quarter. J.Safra Asset Management Corp now owns 419 shares of the construction company’s stock valued at $54,000 after buying an additional 94 shares during the period. Venturi Wealth Management LLC raised its position in Toll Brothers by 35.7% during the first quarter. Venturi Wealth Management LLC now owns 399 shares of the construction company’s stock valued at $52,000 after buying an additional 105 shares during the period. GAMMA Investing LLC grew its stake in Toll Brothers by 13.8% in the first quarter. GAMMA Investing LLC now owns 873 shares of the construction company’s stock valued at $113,000 after purchasing an additional 106 shares in the last quarter. Baker Avenue Asset Management LP grew its stake in Toll Brothers by 23.1% in the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after purchasing an additional 127 shares in the last quarter. Finally, Nilsine Partners LLC grew its stake in Toll Brothers by 0.8% in the third quarter. Nilsine Partners LLC now owns 17,540 shares of the construction company’s stock valued at $1,297,000 after purchasing an additional 146 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Toll Brothers (NYSE:TOL)

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