Toll Brothers’ (TOL) “Neutral” Rating Reiterated at Wedbush

Wedbush restated their neutral rating on shares of Toll Brothers (NYSE:TOL) in a report released on Wednesday, RTT News reports. Wedbush currently has a $120.00 target price on the construction company’s stock.

Several other equities research analysts also recently weighed in on the stock. Evercore ISI upped their target price on shares of Toll Brothers from $177.00 to $180.00 and gave the stock an outperform rating in a research note on Monday, July 15th. StockNews.com upgraded Toll Brothers from a hold rating to a buy rating in a research note on Tuesday, August 13th. Citigroup decreased their target price on Toll Brothers from $133.00 to $125.00 and set a neutral rating for the company in a report on Tuesday, July 2nd. Wells Fargo & Company upped their price target on Toll Brothers from $142.00 to $150.00 and gave the stock an overweight rating in a report on Wednesday, May 15th. Finally, Seaport Res Ptn cut Toll Brothers from a hold rating to a strong sell rating in a research note on Sunday, August 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $132.19.

Toll Brothers Stock Up 0.3 %

NYSE:TOL opened at $129.32 on Wednesday. Toll Brothers has a 52 week low of $68.08 and a 52 week high of $146.75. The company has a quick ratio of 0.69, a current ratio of 4.59 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average is $123.94 and its two-hundred day moving average is $120.04. The stock has a market capitalization of $13.27 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 1.03 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last posted its 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). The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.58 billion. Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. Toll Brothers’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.85 EPS. Research analysts anticipate that Toll Brothers will post 12.94 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, July 5th. Toll Brothers’s dividend payout ratio (DPR) is 6.28%.

Insider Activity at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of the firm’s 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 transaction, the chief financial officer now owns 24,721 shares of the company’s stock, valued at $3,012,006.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction on 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 transaction, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at approximately $3,387,295.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin P. Connor sold 3,806 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total transaction of $463,723.04. Following 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 a total of 20,170 shares of company stock valued at $2,407,335 over the last ninety days. Insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TOL. Fifth Third Bancorp grew its stake in shares of Toll Brothers by 11.2% in the 2nd quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock valued at $94,000 after purchasing an additional 82 shares during the last quarter. Clifford Swan Investment Counsel LLC grew its position in Toll Brothers by 5.1% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock valued at $212,000 after buying an additional 89 shares during the last quarter. J.Safra Asset Management Corp increased its stake in Toll Brothers by 21.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 509 shares of the construction company’s stock valued at $59,000 after buying an additional 90 shares during the period. Diversified Trust Co raised its position in Toll Brothers by 1.7% during the 2nd quarter. Diversified Trust Co now owns 5,926 shares of the construction company’s stock worth $683,000 after buying an additional 100 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of Toll Brothers by 35.7% in the 1st quarter. Venturi Wealth Management LLC now owns 399 shares of the construction company’s stock worth $52,000 after acquiring an additional 105 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

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.