Wells Fargo & Co Reaffirms “Outperform” Rating for Toll Brothers (NYSE:TOL)

Wells Fargo & Co reiterated their outperform rating on shares of Toll Brothers (NYSE:TOL) in a research note published on Wednesday, December 6th, The Fly reports. Wells Fargo & Co currently has a $54.00 target price on the construction company’s stock, up from their previous target price of $42.00.

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods reissued a hold rating and issued a $40.00 price target on shares of Toll Brothers in a research report on Sunday, October 8th. Wedbush reissued a neutral rating and issued a $37.00 price target (down previously from $40.00) on shares of Toll Brothers in a research report on Tuesday, August 22nd. KeyCorp reissued a hold rating on shares of Toll Brothers in a research report on Friday, August 25th. JPMorgan Chase & Co. lowered shares of Toll Brothers from an overweight rating to a neutral rating and lifted their price target for the company from $41.00 to $45.00 in a research report on Thursday, September 14th. Finally, Royal Bank of Canada reissued a buy rating and issued a $45.00 price target on shares of Toll Brothers in a research report on Monday, September 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $48.63.

Shares of Toll Brothers (NYSE TOL) traded down $0.48 on Wednesday, reaching $48.02. 1,550,648 shares of the company traded hands, compared to its average volume of 2,992,791. The company has a market capitalization of $7,428.89, a price-to-earnings ratio of 15.05, a PEG ratio of 1.26 and a beta of 1.57. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 6.61. Toll Brothers has a 52-week low of $30.44 and a 52-week high of $51.08.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.02). The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.09 billion. Toll Brothers had a net margin of 9.21% and a return on equity of 12.00%. Toll Brothers’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 EPS. research analysts expect that Toll Brothers will post 3.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.32 annualized dividend and a dividend yield of 0.67%. Toll Brothers’s payout ratio is 10.03%.

In other Toll Brothers news, Director Paul E. Shapiro sold 16,250 shares of Toll Brothers stock in a transaction on Friday, October 13th. The shares were sold at an average price of $42.58, for a total transaction of $691,925.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $43.45, for a total transaction of $217,250.00. Following the sale, the chief financial officer now owns 37,836 shares in the company, valued at approximately $1,643,974.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,787 shares of company stock worth $3,172,877. 8.78% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Toll Brothers by 1.8% during the second quarter. BlackRock Inc. now owns 16,811,380 shares of the construction company’s stock worth $664,216,000 after buying an additional 291,112 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Toll Brothers by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 12,540,189 shares of the construction company’s stock valued at $495,464,000 after purchasing an additional 323,334 shares in the last quarter. FMR LLC boosted its stake in shares of Toll Brothers by 13.4% in the 2nd quarter. FMR LLC now owns 9,042,726 shares of the construction company’s stock valued at $357,278,000 after purchasing an additional 1,067,193 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Toll Brothers by 134.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,198,069 shares of the construction company’s stock valued at $294,978,000 after purchasing an additional 4,132,120 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Toll Brothers by 0.9% in the 2nd quarter. State Street Corp now owns 6,257,962 shares of the construction company’s stock valued at $247,263,000 after purchasing an additional 53,781 shares in the last quarter. Hedge funds and other institutional investors own 82.48% of the company’s stock.

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Toll Brothers Company Profile

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

The Fly

Analyst Recommendations for Toll Brothers (NYSE:TOL)

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