Toll Brothers’ (TOL) “Strong-Buy” Rating Reiterated at Raymond James

Raymond James reissued their strong-buy rating on shares of Toll Brothers (NYSE:TOL) in a report published on Thursday, Benzinga reports. They currently have a $145.00 price objective on the construction company’s stock, up from their previous price objective of $135.00.

Several other equities research analysts have also recently issued reports on the stock. Citigroup lifted their price objective on shares of Toll Brothers from $138.00 to $139.00 and gave the company a neutral rating in a research report on Friday, May 17th. Oppenheimer boosted their price target on shares of Toll Brothers from $141.00 to $157.00 and gave the stock an outperform rating in a research note on Thursday, March 21st. Wells Fargo & Company raised their price objective on Toll Brothers from $142.00 to $150.00 and gave the company an overweight rating in a research report on Wednesday, May 15th. Barclays lifted their target price on Toll Brothers from $95.00 to $115.00 and gave the stock an underweight rating in a report on Monday, February 26th. Finally, JPMorgan Chase & Co. increased their price target on Toll Brothers from $127.00 to $128.00 and gave the company an overweight rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $123.07.

Toll Brothers Stock Performance

TOL opened at $122.91 on Thursday. The company has a 50 day simple moving average of $123.21 and a two-hundred day simple moving average of $108.13. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.65. The firm has a market cap of $12.80 billion, a P/E ratio of 8.40, a PEG ratio of 0.99 and a beta of 1.67. Toll Brothers has a 1-year low of $66.17 and a 1-year high of $135.37.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.13 by ($0.75). Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the prior year, the company posted $2.85 EPS. The company’s quarterly revenue was up 13.2% on a year-over-year basis. Equities analysts forecast that Toll Brothers will post 12.92 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given a dividend of $0.23 per share. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $0.92 dividend on an annualized basis and a yield of 0.75%. Toll Brothers’s payout ratio is 6.28%.

Insider Transactions at Toll Brothers

In related news, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the transaction, the director now directly owns 9,389 shares in the company, valued at approximately $1,120,295.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the transaction, the director now owns 9,389 shares in the company, valued at approximately $1,120,295.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the transaction, the director now owns 34,069 shares in the company, valued at $4,020,823.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,500 shares of company stock worth $7,881,930. 1.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Toll Brothers

Institutional investors have recently modified their holdings of the stock. J.Safra Asset Management Corp lifted its stake in Toll Brothers by 28.9% in the first quarter. J.Safra Asset Management Corp now owns 419 shares of the construction company’s stock worth $54,000 after acquiring an additional 94 shares during the period. Venturi Wealth Management LLC grew its stake in Toll Brothers by 35.7% during the 1st quarter. Venturi Wealth Management LLC now owns 399 shares of the construction company’s stock worth $52,000 after buying an additional 105 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Toll Brothers by 13.8% during the first quarter. GAMMA Investing LLC now owns 873 shares of the construction company’s stock valued at $113,000 after acquiring an additional 106 shares in the last quarter. Baker Avenue Asset Management LP raised its holdings in shares of Toll Brothers by 23.1% in the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock worth $50,000 after buying an additional 127 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Toll Brothers by 26.1% in the third quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock valued at $56,000 after purchasing an additional 156 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Company Profile

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.