Toll Brothers (TOL) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Toll Brothers (NYSE:TOL) from a strong-buy rating to a buy rating in a research note published on Tuesday, December 5th.

A number of other research analysts also recently commented on the company. Zacks Investment Research upgraded Toll Brothers from a hold rating to a buy rating and set a $44.00 target price on the stock in a research note on Tuesday, August 8th. Wedbush restated a neutral rating and issued a $37.00 target price (down previously from $40.00) on shares of Toll Brothers in a research note on Tuesday, August 22nd. Keefe, Bruyette & Woods restated a hold rating and issued a $40.00 target price on shares of Toll Brothers in a research note on Thursday, August 24th. KeyCorp reaffirmed a hold rating on shares of Toll Brothers in a research report on Friday, August 25th. Finally, BidaskClub cut Toll Brothers from a hold rating to a sell rating in a research report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $48.63.

Shares of Toll Brothers (TOL) traded down $0.48 during trading on Tuesday, hitting $48.02. The stock had a trading volume of 1,550,648 shares, compared to its average volume of 2,992,791. The firm 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 quick ratio of 0.97, a current ratio of 6.61 and a debt-to-equity ratio of 0.71. Toll Brothers has a 12 month low of $30.44 and a 12 month high of $51.08.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the firm earned $0.67 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. equities analysts anticipate that Toll Brothers will post 3.61 earnings per share for the current fiscal 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 is Thursday, January 11th. This represents a $0.32 annualized dividend and a dividend yield of 0.67%. Toll Brothers’s dividend payout ratio is currently 10.03%.

In other Toll Brothers news, President Richard T. Hartman sold 20,000 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $47.00, for a total value of $940,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $43.45, for a total value of $217,250.00. Following the completion of the transaction, the chief financial officer now owns 37,836 shares in the company, valued at $1,643,974.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,787 shares of company stock worth $3,172,877. Corporate insiders own 8.78% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. NewSquare Capital LLC acquired a new position in shares of Toll Brothers in the 2nd quarter valued at $101,000. Advisors Asset Management Inc. lifted its stake in shares of Toll Brothers by 61.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock valued at $105,000 after purchasing an additional 1,017 shares during the period. IFP Advisors Inc lifted its stake in shares of Toll Brothers by 369.1% in the 2nd quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock valued at $108,000 after purchasing an additional 2,152 shares during the period. Aviance Capital Management LLC acquired a new position in shares of Toll Brothers in the 2nd quarter valued at $151,000. Finally, Toronto Dominion Bank lifted its stake in shares of Toll Brothers by 5.2% in the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock valued at $154,000 after purchasing an additional 192 shares during the period. 82.48% of the stock is currently owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Toll Brothers (NYSE:TOL)

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