Shares of Toll Brothers, Inc. (NYSE:TOL – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $158.07.
Several analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. UBS Group decreased their price objective on Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday. Oppenheimer reissued an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a research note on Thursday, December 12th. Evercore ISI boosted their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Bank of America raised their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th.
Check Out Our Latest Research Report on TOL
Toll Brothers Price Performance
Toll Brothers (NYSE:TOL – Get Free Report) last announced its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter last year, the business posted $4.11 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities analysts forecast that Toll Brothers will post 14.57 earnings per share for the current fiscal year.
Toll Brothers Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.12%.
Insider Buying and Selling at Toll Brothers
In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the transaction, the director now owns 119,937 shares in the company, valued at $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the sale, the chief executive officer now owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. This trade represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,202 shares of company stock valued at $5,903,186 over the last ninety days. Corporate insiders own 1.54% of the company’s stock.
Institutional Trading of Toll Brothers
Several large investors have recently bought and sold shares of TOL. Franklin Resources Inc. lifted its holdings in Toll Brothers by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock worth $27,659,000 after buying an additional 9,195 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Toll Brothers in the third quarter worth about $12,506,000. Chartwell Investment Partners LLC boosted its holdings in Toll Brothers by 66.5% in the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after purchasing an additional 14,092 shares during the last quarter. Avior Wealth Management LLC increased its holdings in Toll Brothers by 4,894.1% during the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after purchasing an additional 3,328 shares during the last quarter. Finally, MML Investors Services LLC raised its position in shares of Toll Brothers by 22.4% in the 3rd quarter. MML Investors Services LLC now owns 23,005 shares of the construction company’s stock valued at $3,554,000 after purchasing an additional 4,209 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.
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