Toll Brothers Inc (NYSE:TOL) has been assigned a consensus rating of “Hold” from the nineteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $37.54.
A number of research firms recently commented on TOL. SunTrust Banks began coverage on shares of Toll Brothers in a report on Monday, August 12th. They set a “hold” rating and a $37.00 price objective on the stock. Susquehanna Bancshares downgraded shares of Toll Brothers from a “positive” rating to a “neutral” rating and set a $42.00 price target on the stock. in a report on Monday, October 14th. JMP Securities reaffirmed a “hold” rating on shares of Toll Brothers in a report on Wednesday, August 21st. Zacks Investment Research raised shares of Toll Brothers from a “sell” rating to a “hold” rating and set a $37.00 price target on the stock in a report on Monday, August 26th. Finally, ValuEngine downgraded shares of Toll Brothers from a “hold” rating to a “sell” rating in a report on Tuesday, July 9th.
NYSE:TOL traded down $0.01 during midday trading on Thursday, hitting $40.59. 1,247,873 shares of the company were exchanged, compared to its average volume of 1,479,846. The company has a fifty day simple moving average of $38.80 and a 200 day simple moving average of $37.32. Toll Brothers has a fifty-two week low of $28.68 and a fifty-two week high of $41.70. The company has a current ratio of 7.43, a quick ratio of 1.21 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $5.70 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 1.19 and a beta of 0.93.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 20th. The construction company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.18. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.70 billion. Toll Brothers had a net margin of 9.57% and a return on equity of 14.26%. Toll Brothers’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the business earned $1.26 EPS. As a group, equities research analysts expect that Toll Brothers will post 3.92 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Thursday, October 10th. Toll Brothers’s dividend payout ratio is presently 9.34%.
In other news, SVP John K. Mcdonald sold 1,964 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $40.72, for a total value of $79,974.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 46,875 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $38.30, for a total transaction of $1,795,312.50. Following the completion of the transaction, the chief executive officer now directly owns 345,273 shares of the company’s stock, valued at approximately $13,223,955.90. The disclosure for this sale can be found here. In the last three months, insiders sold 154,008 shares of company stock valued at $6,113,365. Company insiders own 9.69% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Cerebellum GP LLC raised its holdings in Toll Brothers by 12.2% in the 1st quarter. Cerebellum GP LLC now owns 8,887 shares of the construction company’s stock valued at $322,000 after acquiring an additional 967 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Toll Brothers by 1.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 18,530 shares of the construction company’s stock worth $679,000 after buying an additional 345 shares during the last quarter. Copper Rock Capital Partners LLC increased its holdings in shares of Toll Brothers by 22.0% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 481,295 shares of the construction company’s stock worth $17,625,000 after buying an additional 86,632 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of Toll Brothers by 26.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 13,100 shares of the construction company’s stock worth $480,000 after buying an additional 2,700 shares during the last quarter. Finally, First Hawaiian Bank increased its holdings in shares of Toll Brothers by 14.4% during the 2nd quarter. First Hawaiian Bank now owns 6,631 shares of the construction company’s stock worth $243,000 after buying an additional 836 shares during the last quarter. 83.48% of the stock is owned by hedge funds and other institutional investors.
Toll Brothers Company Profile
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.
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