Toll Brothers (NYSE:TOL) Price Target Increased to $150.00 by Analysts at Wells Fargo & Company

Toll Brothers (NYSE:TOL) had its price objective boosted by Wells Fargo & Company from $142.00 to $150.00 in a research note released on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

A number of other research analysts have also commented on the company. Oppenheimer upped their price target on Toll Brothers from $141.00 to $157.00 and gave the company an outperform rating in a research report on Thursday, March 21st. The Goldman Sachs Group upped their price objective on shares of Toll Brothers from $94.00 to $96.00 and gave the stock a sell rating in a report on Thursday, February 22nd. Keefe, Bruyette & Woods lifted their target price on shares of Toll Brothers from $120.00 to $135.00 and gave the company an outperform rating in a research note on Wednesday, February 28th. Citigroup lifted their price objective on Toll Brothers from $116.00 to $138.00 and gave the company a neutral rating in a research report on Friday, April 5th. Finally, Seaport Res Ptn cut Toll Brothers from a buy rating to a neutral rating in a research note on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $116.33.

Toll Brothers Trading Down 2.1 %

TOL stock traded down $2.89 during trading on Wednesday, hitting $132.03. 460,692 shares of the company traded hands, compared to its average volume of 1,333,125. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. The company has a 50-day moving average of $122.39 and a 200-day moving average of $105.68. The firm has a market capitalization of $13.75 billion, a PE ratio of 10.43, a P/E/G ratio of 1.05 and a beta of 1.67. Toll Brothers has a 1 year low of $63.34 and a 1 year high of $135.37.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.48. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.70 EPS. Analysts predict that Toll Brothers will post 13.71 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, April 4th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 0.70%. Toll Brothers’s dividend payout ratio (DPR) is presently 7.11%.

Insider Activity

In related news, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $116.05, for a total value of $580,250.00. Following the completion of the sale, the chief financial officer now directly owns 49,721 shares in the company, valued at approximately $5,770,122.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the sale, the director now directly owns 9,389 shares in the company, valued at approximately $1,120,295.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $116.05, for a total value of $580,250.00. Following the completion of the sale, the chief financial officer now owns 49,721 shares of the company’s stock, valued at $5,770,122.05. The disclosure for this sale can be found here. Insiders sold 66,500 shares of company stock worth $7,881,930 over the last three months. 1.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Toll Brothers

Several large investors have recently bought and sold shares of the business. Interval Partners LP boosted its position in Toll Brothers by 842.9% in the first quarter. Interval Partners LP now owns 147,623 shares of the construction company’s stock worth $19,098,000 after purchasing an additional 131,966 shares during the last quarter. Bayesian Capital Management LP purchased a new position in Toll Brothers in the first quarter worth about $858,000. Caxton Associates LP boosted its position in Toll Brothers by 16.9% in the first quarter. Caxton Associates LP now owns 20,060 shares of the construction company’s stock worth $2,595,000 after purchasing an additional 2,906 shares during the last quarter. Paloma Partners Management Co purchased a new position in Toll Brothers in the first quarter worth about $494,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Toll Brothers by 14.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,571 shares of the construction company’s stock worth $7,319,000 after purchasing an additional 6,998 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

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.