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

StockNews.com downgraded shares of Toll Brothers (NYSE:TOL) from a buy rating to a hold rating in a report published on Monday morning.

Several other equities research analysts have also issued reports on the stock. Barclays lowered their price target on shares of Toll Brothers from $118.00 to $116.00 and set an underweight rating on the stock in a research note on Friday, July 12th. Wedbush reissued a neutral rating and issued a $105.00 price objective on shares of Toll Brothers in a research report on Wednesday, May 22nd. UBS Group lifted their price objective on shares of Toll Brothers from $140.00 to $154.00 and gave the company a buy rating in a research report on Thursday, May 23rd. Citigroup decreased their price objective on shares of Toll Brothers from $133.00 to $125.00 and set a neutral rating for the company in a research report on Tuesday, July 2nd. Finally, Argus lifted their price objective on shares of Toll Brothers from $135.00 to $140.00 and gave the company a buy rating in a research report on Thursday, June 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Toll Brothers has an average rating of Moderate Buy and an average price target of $131.25.

Toll Brothers Stock Up 2.1 %

Shares of TOL stock opened at $126.66 on Monday. The company has a current ratio of 4.59, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. Toll Brothers has a 1 year low of $68.08 and a 1 year high of $146.75. The firm’s fifty day moving average price is $122.74 and its two-hundred day moving average price is $118.62. The firm has a market capitalization of $13.00 billion, a P/E ratio of 8.65, a PEG ratio of 1.05 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.13 by ($0.75). Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the previous year, the firm posted $2.85 earnings per share. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. On average, equities analysts predict that Toll Brothers will post 12.94 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Friday, July 5th. Toll Brothers’s dividend payout ratio (DPR) is 6.28%.

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of Toll Brothers stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total value of $463,723.04. Following the completion of the sale, the chief financial officer now owns 24,721 shares in the company, valued at approximately $3,012,006.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $118.74, for a total value of $1,922,875.56. Following the completion of the sale, the chief financial officer now owns 28,527 shares in the company, valued at approximately $3,387,295.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin P. Connor sold 3,806 shares of Toll Brothers stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total transaction of $463,723.04. Following the completion of the sale, the chief financial officer now owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The disclosure for this sale can be found here. Insiders sold 20,170 shares of company stock worth $2,407,335 in the last quarter. 1.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Toll Brothers

Several hedge funds and other institutional investors have recently bought and sold shares of TOL. Voss Capital LLC acquired a new position in shares of Toll Brothers in the 4th quarter valued at approximately $8,223,000. Ossiam raised its position in shares of Toll Brothers by 122.8% in the 4th quarter. Ossiam now owns 7,547 shares of the construction company’s stock valued at $776,000 after buying an additional 4,159 shares in the last quarter. Jennison Associates LLC raised its position in shares of Toll Brothers by 41.2% in the 4th quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock valued at $85,819,000 after buying an additional 243,553 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Toll Brothers by 36.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 31,727 shares of the construction company’s stock valued at $4,105,000 after buying an additional 8,474 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in Toll Brothers by 46.7% during the 1st quarter. Private Advisor Group LLC now owns 25,870 shares of the construction company’s stock worth $3,347,000 after purchasing an additional 8,234 shares in the last quarter. Institutional investors and hedge funds 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.