Other equities analysts have also issued research reports about the company. Royal Bank of Canada reaffirmed a buy rating and issued a $45.00 price target on shares of Toll Brothers in a research note on Monday, September 25th. ValuEngine lowered Toll Brothers from a strong-buy rating to a buy rating in a research note on Tuesday, December 5th. MKM Partners increased their target price on Toll Brothers to $54.00 and gave the stock a buy rating in a research note on Wednesday, November 29th. Zacks Investment Research raised Toll Brothers from a hold rating to a buy rating and set a $48.00 price target on the stock in a research report on Tuesday, October 10th. Finally, UBS Group assumed coverage on Toll Brothers in a research report on Wednesday, October 25th. They issued a buy rating and a $50.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $51.19.
Shares of Toll Brothers (NYSE:TOL) traded up $0.81 on Thursday, hitting $45.31. The company had a trading volume of 2,120,000 shares, compared to its average volume of 2,250,000. The company has a debt-to-equity ratio of 0.71, a current ratio of 6.61 and a quick ratio of 0.97. Toll Brothers has a 52-week low of $31.05 and a 52-week high of $52.73. The stock has a market capitalization of $6,970.00, a PE ratio of 14.25, a price-to-earnings-growth ratio of 0.80 and a beta of 1.38.
Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.02). The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Toll Brothers had a net margin of 9.21% and a return on equity of 12.00%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 earnings per share. sell-side analysts predict that Toll Brothers will post 4.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were issued a $0.08 dividend. The ex-dividend date was Thursday, January 11th. This represents a $0.32 annualized dividend and a dividend yield of 0.71%. Toll Brothers’s dividend payout ratio is currently 10.06%.
In other news, CAO Joseph R. Sicree sold 4,500 shares of Toll Brothers stock in a transaction on Monday, January 8th. The stock was sold at an average price of $51.48, for a total value of $231,660.00. Following the completion of the sale, the chief accounting officer now owns 24,197 shares of the company’s stock, valued at $1,245,661.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Richard T. Hartman sold 20,000 shares of Toll Brothers stock in a transaction 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 sold a total of 135,950 shares of company stock valued at $6,781,012 over the last three months. Insiders own 9.01% of the company’s stock.
A number of hedge funds have recently bought and sold shares of TOL. Bessemer Group Inc. grew its position in Toll Brothers by 202.5% during the fourth quarter. Bessemer Group Inc. now owns 2,390 shares of the construction company’s stock valued at $115,000 after acquiring an additional 1,600 shares during the period. Cerebellum GP LLC purchased a new stake in Toll Brothers during the fourth quarter valued at about $120,000. Aviance Capital Management LLC acquired a new position in shares of Toll Brothers during the second quarter worth about $151,000. Toronto Dominion Bank lifted its stake in shares of Toll Brothers by 5.2% during the second quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after purchasing an additional 192 shares in the last quarter. Finally, CENTRAL TRUST Co acquired a new position in shares of Toll Brothers during the fourth quarter worth about $157,000. 88.11% of the stock is owned by hedge funds and other institutional investors.
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Toll Brothers Company Profile
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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