Toll Brothers (NYSE:TOL) Given New $139.00 Price Target at Royal Bank of Canada

Toll Brothers (NYSE:TOL) had its price objective trimmed by Royal Bank of Canada from $142.00 to $139.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has an outperform rating on the construction company’s stock.

A number of other equities analysts have also recently commented on TOL. Wells Fargo & Company reduced their price target on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday. Bank of America decreased their target price on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday. Evercore ISI raised their price target on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. UBS Group decreased their price objective on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Oppenheimer restated an “outperform” rating and set a $189.00 target price on shares of Toll Brothers in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $150.86.

Toll Brothers Stock Up 0.2 %

NYSE:TOL opened at $115.16 on Thursday. Toll Brothers has a twelve month low of $106.95 and a twelve month high of $169.52. The firm has a market capitalization of $11.50 billion, a price-to-earnings ratio of 7.93, a price-to-earnings-growth ratio of 0.99 and a beta of 1.76. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average price is $129.02 and its two-hundred day moving average price is $141.40.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. Equities research analysts expect that Toll Brothers will post 14.15 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.80%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.33%.

Insider Activity

In other news, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christine Garvey sold 204 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the sale, the director now owns 7,728 shares in the company, valued at $972,027.84. This represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 15,202 shares of company stock worth $1,947,436. 1.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Toll Brothers

Large investors have recently modified their holdings of the business. State Street Corp lifted its position in shares of Toll Brothers by 1.2% during the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock worth $565,802,000 after buying an additional 42,871 shares during the last quarter. FMR LLC lifted its holdings in shares of Toll Brothers by 19.4% in the fourth quarter. FMR LLC now owns 2,528,853 shares of the construction company’s stock worth $318,509,000 after acquiring an additional 410,394 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Toll Brothers by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company’s stock valued at $276,263,000 after purchasing an additional 35,001 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Toll Brothers by 14.2% during the 4th quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company’s stock valued at $239,751,000 after purchasing an additional 236,402 shares during the last quarter. Finally, Jennison Associates LLC increased its position in Toll Brothers by 38.7% during the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after purchasing an additional 341,980 shares in the last quarter. 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.