Toll Brothers (NYSE:TOL) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of Toll Brothers (NYSE:TOL) from a hold rating to a strong sell rating in a research report sent to investors on Thursday,Zacks.com reports.

TOL has been the topic of a number of other reports. Evercore ISI reaffirmed an “in-line” rating and set a $160.00 price target (down from $169.00) on shares of Toll Brothers in a research note on Tuesday, October 7th. Raymond James Financial restated a “strong-buy” rating and set a $160.00 price objective (up previously from $130.00) on shares of Toll Brothers in a report on Monday, August 25th. Barclays upped their target price on Toll Brothers from $92.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company upped their price objective on shares of Toll Brothers from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $150.36.

Toll Brothers Stock Down 0.5%

Shares of NYSE TOL opened at $139.13 on Thursday. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.34. The firm has a market cap of $13.41 billion, a PE ratio of 10.26, a P/E/G ratio of 1.09 and a beta of 1.39. The company’s fifty day simple moving average is $134.80 and its 200 day simple moving average is $128.41. Toll Brothers has a 12-month low of $86.67 and a 12-month high of $149.79.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Monday, December 8th. The construction company reported $4.58 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.30). The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.32 billion. Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. Toll Brothers’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.63 EPS. As a group, sell-side analysts forecast that Toll Brothers will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, October 10th. Toll Brothers’s payout ratio is currently 7.37%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Wiser Advisor Group LLC bought a new stake in Toll Brothers in the 3rd quarter worth about $27,000. Abich Financial Wealth Management LLC purchased a new position in shares of Toll Brothers in the 3rd quarter worth approximately $28,000. Ramirez Asset Management Inc. bought a new position in shares of Toll Brothers in the third quarter valued at approximately $28,000. Brooklyn Investment Group increased its position in shares of Toll Brothers by 52.8% during the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock valued at $29,000 after acquiring an additional 94 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in Toll Brothers during the third quarter worth $29,000. 91.76% of the stock is owned by institutional investors.

About Toll Brothers

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.