Buckingham Research Begins Coverage on Toll Brothers (TOL)

Buckingham Research started coverage on shares of Toll Brothers (NYSE:TOL) in a report published on Friday, MarketBeat reports. The firm issued a neutral rating on the construction company’s stock.

TOL has been the topic of a number of other research reports. Bank of America set a $47.00 target price on Toll Brothers and gave the company a buy rating in a research note on Thursday, October 11th. Zacks Investment Research cut Toll Brothers from a buy rating to a hold rating in a research note on Tuesday, October 23rd. Deutsche Bank cut shares of Toll Brothers from a buy rating to a hold rating and reduced their price objective for the stock from $51.00 to $29.00 in a research note on Monday, October 22nd. Wedbush reissued a neutral rating and set a $36.00 price objective (down previously from $44.00) on shares of Toll Brothers in a research report on Tuesday, December 4th. Finally, Evercore ISI upgraded shares of Toll Brothers to an outperform rating in a research note on Thursday, October 25th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The company has an average rating of Hold and an average price target of $43.88.

TOL opened at $35.90 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 6.83 and a quick ratio of 1.27. Toll Brothers has a twelve month low of $28.68 and a twelve month high of $52.73. The company has a market cap of $5.28 billion, a PE ratio of 7.62, a P/E/G ratio of 0.49 and a beta of 0.95.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, December 4th. The construction company reported $2.08 EPS for the quarter, topping the consensus estimate of $1.83 by $0.25. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.35 billion. Toll Brothers had a net margin of 10.47% and a return on equity of 15.93%. The firm’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.17 EPS. As a group, research analysts predict that Toll Brothers will post 4.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 25th. Stockholders of record on Friday, January 11th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Thursday, January 10th. Toll Brothers’s payout ratio is currently 9.34%.

In other Toll Brothers news, Director Carl B. Marbach sold 3,000 shares of the stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $34.96, for a total value of $104,880.00. Following the completion of the transaction, the director now owns 86,249 shares in the company, valued at $3,015,265.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul E. Shapiro sold 5,539 shares of the stock in a transaction on Friday, December 14th. The stock was sold at an average price of $32.18, for a total value of $178,245.02. Following the completion of the transaction, the director now owns 108,916 shares of the company’s stock, valued at approximately $3,504,916.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,039 shares of company stock valued at $535,050. Corporate insiders own 9.01% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. IMS Capital Management purchased a new position in shares of Toll Brothers in the third quarter valued at $36,000. Truvestments Capital LLC purchased a new position in shares of Toll Brothers in the third quarter valued at $119,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Toll Brothers by 186.7% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,300 shares of the construction company’s stock valued at $159,000 after buying an additional 2,800 shares in the last quarter. Toth Financial Advisory Corp purchased a new position in shares of Toll Brothers in the third quarter valued at $231,000. Finally, Congress Park Capital LLC purchased a new position in shares of Toll Brothers in the third quarter valued at $260,000. Institutional investors and hedge funds own 84.95% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.

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Analyst Recommendations for Toll Brothers (NYSE:TOL)

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