Toll Brothers Inc. (TOL) Upgraded at BidaskClub
BidaskClub upgraded shares of Toll Brothers Inc. (NYSE:TOL) from a buy rating to a strong-buy rating in a research report released on Wednesday.
TOL has been the subject of a number of other reports. Keefe, Bruyette & Woods reiterated a hold rating and set a $37.00 price target on shares of Toll Brothers in a report on Monday, April 10th. Royal Bank Of Canada upgraded shares of Toll Brothers from a sector perform rating to an outperform rating and upped their price target for the company from $37.00 to $43.00 in a report on Tuesday, April 11th. Credit Suisse Group started coverage on shares of Toll Brothers in a report on Thursday, June 22nd. They set a neutral rating and a $39.00 price target for the company. Citigroup Inc. upped their price target on shares of Toll Brothers from $35.00 to $40.00 and gave the company a buy rating in a report on Thursday, May 25th. Finally, Buckingham Research lowered shares of Toll Brothers from a buy rating to a neutral rating in a report on Wednesday, May 24th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $39.33.
Shares of Toll Brothers (NYSE TOL) traded down 0.52% during trading on Wednesday, reaching $39.96. 374,489 shares of the company traded hands. Toll Brothers has a 12-month low of $26.65 and a 12-month high of $41.07. The stock has a market capitalization of $6.54 billion, a PE ratio of 16.48 and a beta of 1.52. The firm’s 50-day moving average is $38.11 and its 200-day moving average is $34.93.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 23rd. The construction company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.10. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. Toll Brothers had a net margin of 7.67% and a return on equity of 9.71%. The business’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. On average, equities analysts predict that Toll Brothers will post $3.15 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 14th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.80%. The ex-dividend date is Wednesday, July 12th. Toll Brothers’s dividend payout ratio is currently 13.17%.
In other Toll Brothers news, CFO Martin P. Connor sold 2,000 shares of the company’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $40.45, for a total transaction of $80,900.00. Following the transaction, the chief financial officer now owns 34,836 shares in the company, valued at approximately $1,409,116.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Richard T. Hartman sold 7,836 shares of the company’s stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $37.00, for a total transaction of $289,932.00. Following the transaction, the president now owns 31,770 shares in the company, valued at approximately $1,175,490. The disclosure for this sale can be found here. Insiders have sold a total of 413,336 shares of company stock worth $15,821,153 in the last 90 days. Company insiders own 8.78% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. US Bancorp DE boosted its position in shares of Toll Brothers by 1.8% in the first quarter. US Bancorp DE now owns 2,791 shares of the construction company’s stock valued at $101,000 after buying an additional 49 shares during the period. Macquarie Group Ltd. boosted its position in shares of Toll Brothers by 17.9% in the fourth quarter. Macquarie Group Ltd. now owns 3,300 shares of the construction company’s stock valued at $102,000 after buying an additional 500 shares during the period. Advisory Services Network LLC acquired a new position in shares of Toll Brothers during the first quarter valued at $114,000. Toronto Dominion Bank boosted its position in shares of Toll Brothers by 10.1% in the first quarter. Toronto Dominion Bank now owns 3,704 shares of the construction company’s stock valued at $134,000 after buying an additional 339 shares during the period. Finally, Navellier & Associates Inc acquired a new position in shares of Toll Brothers during the first quarter valued at $208,000. Institutional investors and hedge funds own 80.22% of the company’s stock.
About Toll Brothers
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.
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