Toll Brothers Inc. (NYSE:TOL) Given Average Recommendation of “Moderate Buy” by Brokerages

Toll Brothers Inc. (NYSE:TOL) has been assigned a consensus rating of “Moderate Buy” from the seventeen brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $149.4286.

Several research firms have weighed in on TOL. Keefe, Bruyette & Woods increased their target price on Toll Brothers from $143.00 to $145.00 and gave the company a “market perform” rating in a research note on Thursday, August 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, October 8th. Argus lifted their price objective on shares of Toll Brothers from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Bank of America lowered their target price on shares of Toll Brothers from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $160.00 target price (up from $130.00) on shares of Toll Brothers in a report on Monday, August 25th.

Toll Brothers Stock Performance

TOL stock opened at $139.15 on Wednesday. Toll Brothers has a twelve month low of $86.67 and a twelve month high of $165.05. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. The company has a market cap of $13.41 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. The business’s fifty day moving average is $134.79 and its 200-day moving average is $126.82.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 10th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, October 10th. This represents a $1.00 annualized dividend and a yield of 0.7%. Toll Brothers’s payout ratio is currently 7.35%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $147.65, for a total value of $562,841.80. Following the completion of the sale, the director directly owned 118,753 shares in the company, valued at $17,533,880.45. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Several institutional investors and hedge funds have recently modified their holdings of the business. Capital World Investors raised its holdings in Toll Brothers by 51.5% during the 3rd quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock worth $716,625,000 after buying an additional 1,763,211 shares during the period. Norges Bank bought a new stake in shares of Toll Brothers during the second quarter worth $154,782,000. AQR Capital Management LLC increased its position in shares of Toll Brothers by 83.1% during the second quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock worth $297,650,000 after acquiring an additional 1,183,304 shares in the last quarter. Long Pond Capital LP acquired a new stake in shares of Toll Brothers during the first quarter worth $117,870,000. Finally, Holocene Advisors LP lifted its position in Toll Brothers by 78.0% in the 3rd quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock valued at $307,263,000 after acquiring an additional 974,567 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

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.