Toll Brothers Inc. (NYSE:TOL) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Toll Brothers Inc. (NYSE:TOL) have earned a consensus rating of “Moderate Buy” from the twenty-one research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $164.8750.

TOL has been the subject of several recent analyst reports. Benchmark initiated coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They issued a “buy” rating for the company. Barclays boosted their target price on Toll Brothers from $115.00 to $122.00 and gave the stock an “underweight” rating in a report on Tuesday, July 14th. UBS Group raised Toll Brothers from a “buy” rating to a “buy” rating in a research note on Tuesday, June 9th. Seaport Research Partners reaffirmed a “neutral” rating on shares of Toll Brothers in a research note on Tuesday, April 7th. Finally, Evercore reiterated an “outperform” rating and set a $185.00 price target on shares of Toll Brothers in a research report on Thursday, May 21st.

Insider Transactions at Toll Brothers

In related news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the transaction, the chairman directly owned 321,256 shares of the company’s stock, valued at $50,302,264.48. The trade was a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert Parahus sold 7,500 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $149.66, for a total transaction of $1,122,450.00. Following the completion of the sale, the chief operating officer owned 23,457 shares in the company, valued at approximately $3,510,574.62. This trade represents a 24.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.37% of the stock is owned by insiders.

Institutional Trading of Toll Brothers

A number of hedge funds and other institutional investors have recently made changes to their positions in TOL. Western Wealth Management LLC lifted its stake in Toll Brothers by 2.6% during the fourth quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company’s stock valued at $359,000 after purchasing an additional 68 shares during the last quarter. Root Financial Partners LLC boosted its holdings in Toll Brothers by 21.9% during the fourth quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock worth $53,000 after buying an additional 70 shares in the last quarter. Merit Financial Group LLC grew its position in Toll Brothers by 0.4% in the fourth quarter. Merit Financial Group LLC now owns 20,568 shares of the construction company’s stock worth $2,781,000 after buying an additional 72 shares during the last quarter. IFP Advisors Inc grew its position in Toll Brothers by 2.4% in the fourth quarter. IFP Advisors Inc now owns 3,200 shares of the construction company’s stock worth $433,000 after buying an additional 74 shares during the last quarter. Finally, Hilton Head Capital Partners LLC increased its holdings in shares of Toll Brothers by 65.5% in the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after buying an additional 74 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Stock Performance

Shares of TOL opened at $145.75 on Monday. The firm has a market capitalization of $13.62 billion, a PE ratio of 11.03, a P/E/G ratio of 1.21 and a beta of 1.35. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $149.07 and a 200 day moving average price of $146.07. Toll Brothers has a 52-week low of $117.50 and a 52-week high of $168.36.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the firm earned $3.50 EPS. Toll Brothers’s revenue was down 7.6% on a year-over-year basis. On average, sell-side analysts anticipate that Toll Brothers will post 12.69 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.04 annualized dividend and a yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is currently 7.87%.

About Toll Brothers

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.