Toll Brothers (NYSE:TOL) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Toll Brothers (NYSE:TOL) from a sell rating to a hold rating in a research note published on Saturday morning.

Several other brokerages also recently commented on TOL. Keefe, Bruyette & Woods lowered their price objective on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 25th. Wells Fargo & Company lowered their price target on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Citigroup dropped their price target on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. UBS Group reduced their price objective on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Finally, Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and an average price target of $147.57.

Toll Brothers Trading Down 5.7 %

Toll Brothers stock opened at $95.09 on Friday. Toll Brothers has a 12-month low of $94.52 and a 12-month high of $169.52. The firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 6.54, a P/E/G ratio of 1.02 and a beta of 1.48. The firm has a 50 day moving average of $114.77 and a 200 day moving average of $134.41. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. As a group, research analysts predict that Toll Brothers will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers’s dividend payout ratio is currently 6.88%.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.54% of the stock is owned by insiders.

Hedge Funds Weigh In On Toll Brothers

A number of institutional investors and hedge funds have recently modified their holdings of TOL. ORG Partners LLC bought a new stake in Toll Brothers in the fourth quarter worth $25,000. Lee Danner & Bass Inc. purchased a new stake in shares of Toll Brothers in the fourth quarter valued at $27,000. Promus Capital LLC bought a new stake in shares of Toll Brothers in the 4th quarter worth about $29,000. IAG Wealth Partners LLC boosted its stake in shares of Toll Brothers by 1,034.8% during the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock worth $33,000 after purchasing an additional 238 shares during the period. Finally, DiNuzzo Private Wealth Inc. grew its holdings in Toll Brothers by 806.5% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock valued at $35,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.