Toll Brothers (NYSE:TOL) Receives Strong-Buy Rating from Raymond James

Raymond James restated their strong-buy rating on shares of Toll Brothers (NYSE:TOL) in a research note published on Thursday morning, Benzinga reports. The firm currently has a $145.00 target price on the construction company’s stock, up from their previous target price of $135.00.

TOL has been the subject of several other reports. JPMorgan Chase & Co. increased their target price on shares of Toll Brothers from $127.00 to $128.00 and gave the stock an overweight rating in a report on Friday, February 23rd. The Goldman Sachs Group increased their target price on shares of Toll Brothers from $94.00 to $96.00 and gave the stock a sell rating in a report on Thursday, February 22nd. Wedbush reaffirmed a neutral rating and set a $105.00 price objective on shares of Toll Brothers in a report on Wednesday. StockNews.com raised shares of Toll Brothers from a hold rating to a buy rating in a report on Tuesday, April 16th. Finally, Barclays increased their price objective on shares of Toll Brothers from $95.00 to $115.00 and gave the company an underweight rating in a report on Monday, February 26th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $123.07.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $119.59 on Thursday. The firm’s 50 day moving average price is $123.16 and its 200-day moving average price is $107.64. The stock has a market capitalization of $12.46 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 0.97 and a beta of 1.67. Toll Brothers has a twelve month low of $64.40 and a twelve month high of $135.37. The company has a quick ratio of 0.65, a current ratio of 4.59 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.13 by ($0.75). The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.85 earnings per share. Equities research analysts expect that Toll Brothers will post 14 EPS for the current year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a $0.23 dividend. The ex-dividend date was Thursday, April 4th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.77%. Toll Brothers’s dividend payout ratio (DPR) is 6.28%.

Insider Activity at Toll Brothers

In related news, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of 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 SEC, which is available at the SEC website. In related news, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the sale, the director now directly owns 9,389 shares in the company, valued at $1,120,295.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.85, for a total value of $5,942,500.00. Following the completion of the sale, the chief executive officer now owns 346,382 shares of the company’s stock, valued at $41,167,500.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,500 shares of company stock valued at $7,881,930. 1.54% of the stock is owned by corporate insiders.

Institutional Trading of Toll Brothers

Institutional investors have recently bought and sold shares of the stock. Register Financial Advisors LLC bought a new stake in shares of Toll Brothers during the first quarter worth $26,000. Contravisory Investment Management Inc. bought a new stake in shares of Toll Brothers during the first quarter worth $34,000. Rise Advisors LLC bought a new stake in shares of Toll Brothers during the first quarter worth $35,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Toll Brothers during the fourth quarter worth $36,000. Finally, Baker Avenue Asset Management LP lifted its position in shares of Toll Brothers by 23.1% during the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock worth $50,000 after purchasing an additional 127 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Company Profile

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.