Toll Brothers (NYSE:TOL) had its target price lifted by Royal Bank of Canada to $57.00 in a research report report published on Monday, December 18th. The firm currently has an outperform rating on the construction company’s stock.
A number of other research firms have also issued reports on TOL. Zacks Investment Research raised shares of Toll Brothers from a hold rating to a buy rating and set a $48.00 price target for the company in a research report on Tuesday, October 10th. MKM Partners lifted their target price on shares of Toll Brothers to $54.00 and gave the company a buy rating in a report on Wednesday, November 29th. UBS Group assumed coverage on shares of Toll Brothers in a report on Wednesday, October 25th. They set a buy rating and a $50.00 target price for the company. ValuEngine lowered shares of Toll Brothers from a strong-buy rating to a buy rating in a report on Tuesday, December 5th. Finally, Mizuho set a $52.00 price target on shares of Toll Brothers and gave the stock a buy rating in a report on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $48.63.
Toll Brothers (NYSE TOL) traded down $0.23 during mid-day trading on Monday, reaching $51.58. 1,188,632 shares of the company traded hands, compared to its average volume of 2,900,000. The company has a quick ratio of 0.97, a current ratio of 6.61 and a debt-to-equity ratio of 0.71. The stock has a market cap of $8,160.00, a P/E ratio of 16.22, a PEG ratio of 0.99 and a beta of 1.57. Toll Brothers has a 52 week low of $30.44 and a 52 week high of $52.40.
Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, December 5th. The construction company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). Toll Brothers had a net margin of 9.21% and a return on equity of 12.00%. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the business posted $0.67 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. analysts predict that Toll Brothers will post 3.83 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, January 11th. This represents a $0.32 dividend on an annualized basis and a yield of 0.62%. Toll Brothers’s dividend payout ratio (DPR) is presently 10.06%.
In related news, CEO Douglas C. Jr. Yearley sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $52.08, for a total value of $520,800.00. Following the completion of the transaction, the chief executive officer now directly owns 211,785 shares of the company’s stock, valued at $11,029,762.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Richard T. Hartman sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $47.00, for a total value of $940,000.00. The disclosure for this sale can be found here. Insiders have sold 104,037 shares of company stock worth $5,043,132 over the last 90 days. Insiders own 8.78% of the company’s stock.
Several hedge funds have recently bought and sold shares of TOL. Advisors Asset Management Inc. lifted its holdings in shares of Toll Brothers by 61.6% during the second quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock worth $105,000 after purchasing an additional 1,017 shares during the period. IFP Advisors Inc lifted its holdings in shares of Toll Brothers by 369.1% during the second quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock worth $108,000 after purchasing an additional 2,152 shares during the period. Aviance Capital Management LLC acquired a new stake in shares of Toll Brothers during the second quarter worth $151,000. Toronto Dominion Bank raised its position in Toll Brothers by 5.2% in the second quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after acquiring an additional 192 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Toll Brothers by 381.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,241 shares of the construction company’s stock worth $168,000 after acquiring an additional 3,361 shares in the last quarter. 88.08% of the stock is owned by institutional investors and hedge funds.
About Toll Brothers
Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
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