Toll Brothers (NYSE:TOL) Given New $145.00 Price Target at Bank of America

Toll Brothers (NYSE:TOL) had its target price upped by Bank of America from $132.00 to $145.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods cut their price objective on Toll Brothers from $132.00 to $120.00 and set a “market perform” rating for the company in a research report on Tuesday, May 20th. Oppenheimer dropped their price target on shares of Toll Brothers from $165.00 to $155.00 and set an “outperform” rating on the stock in a research note on Thursday, May 15th. Wall Street Zen raised shares of Toll Brothers from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. Wedbush decreased their price objective on shares of Toll Brothers from $175.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Finally, Seaport Res Ptn upgraded shares of Toll Brothers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $143.54.

Toll Brothers Trading Down 0.1%

Shares of Toll Brothers stock opened at $131.3360 on Tuesday. The firm has a 50-day simple moving average of $120.04 and a two-hundred day simple moving average of $111.43. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.44 and a current ratio of 4.38. Toll Brothers has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The company has a market cap of $12.89 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 0.85 and a beta of 1.33.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.59 by $0.14. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $3.60 EPS. As a group, equities analysts predict that Toll Brothers will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, July 11th. Toll Brothers’s dividend payout ratio is 7.42%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 770 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $119.82, for a total value of $92,261.40. Following the completion of the sale, the director owned 11,590 shares in the company, valued at approximately $1,388,713.80. This represents a 6.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Michael J. Grubb sold 500 shares of the firm’s stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $120.00, for a total transaction of $60,000.00. Following the completion of the transaction, the chief accounting officer directly owned 2,439 shares in the company, valued at $292,680. This trade represents a 17.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,770 shares of company stock valued at $440,586. Corporate insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Institutional investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC grew its holdings in Toll Brothers by 84.2% in the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company’s stock valued at $26,000 after buying an additional 112 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Toll Brothers by 52.8% during the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock worth $29,000 after acquiring an additional 94 shares during the period. Larson Financial Group LLC boosted its position in shares of Toll Brothers by 152.6% during the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock valued at $31,000 after acquiring an additional 177 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Toll Brothers by 128.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock valued at $37,000 after purchasing an additional 182 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Toll Brothers by 218.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company’s stock valued at $38,000 after purchasing an additional 249 shares during the period. 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.