Toll Brothers’ (TOL) Hold (C+) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c+) rating on shares of Toll Brothers (NYSE:TOL) in a report released on Friday,Weiss Ratings reports.

A number of other analysts have also commented on the company. Wells Fargo & Company boosted their price target on Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Royal Bank Of Canada upped their target price on Toll Brothers from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Citigroup upped their price objective on Toll Brothers from $138.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, October 1st. Bank of America dropped their price objective on Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Finally, Wedbush restated an “outperform” rating and issued a $165.00 price objective on shares of Toll Brothers in a research note on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.43.

Toll Brothers Stock Performance

TOL stock opened at $138.05 on Friday. The business’s 50-day moving average price is $137.80 and its two-hundred day moving average price is $120.19. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. The firm has a market cap of $13.31 billion, a PE ratio of 10.14, a P/E/G ratio of 1.64 and a beta of 1.40. Toll Brothers has a 1-year low of $86.67 and a 1-year high of $169.52.

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

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 10th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is 7.35%.

Insider Transactions at Toll Brothers

In other news, COO Robert Parahus sold 9,831 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the transaction, the chief operating officer owned 19,692 shares in the company, valued at approximately $2,576,501.28. This trade represents a 33.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $138.26, for a total value of $3,456,500.00. Following the sale, the chief executive officer directly owned 286,117 shares in the company, valued at $39,558,536.42. This represents a 8.04% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,643 shares of company stock worth $5,305,630. Company insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

A number of large investors have recently added to or reduced their stakes in TOL. Trail Ridge Investment Advisors LLC boosted its holdings in shares of Toll Brothers by 0.5% in the 1st quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company’s stock valued at $2,706,000 after purchasing an additional 132 shares in the last quarter. Left Brain Wealth Management LLC acquired a new stake in shares of Toll Brothers in the 1st quarter valued at $317,000. MQS Management LLC acquired a new stake in shares of Toll Brothers in the 1st quarter valued at $649,000. Financial Security Advisor Inc. acquired a new stake in shares of Toll Brothers in the 1st quarter valued at $231,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Toll Brothers in the 1st quarter valued at $227,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

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.