StockNews.com Downgrades Toll Brothers (NYSE:TOL) to Hold

StockNews.com cut shares of Toll Brothers (NYSE:TOL) from a buy rating to a hold rating in a research report report published on Monday morning.

Other analysts also recently issued reports about the company. Royal Bank of Canada increased their price target on Toll Brothers from $122.00 to $130.00 and gave the company an outperform rating in a report on Thursday, May 23rd. Evercore ISI raised their target price on Toll Brothers from $177.00 to $180.00 and gave the company an outperform rating in a research note on Monday, July 15th. UBS Group raised their target price on Toll Brothers from $140.00 to $154.00 and gave the company a buy rating in a research note on Thursday, May 23rd. Argus raised their target price on Toll Brothers from $135.00 to $140.00 and gave the company a buy rating in a research note on Thursday, June 6th. Finally, Citigroup lowered their target price on Toll Brothers from $133.00 to $125.00 and set a neutral rating for the company in a research note on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $131.25.

Toll Brothers Stock Up 2.1 %

Shares of NYSE TOL opened at $126.66 on Monday. Toll Brothers has a 12-month low of $68.08 and a 12-month high of $146.75. The company has a market cap of $13.00 billion, a P/E ratio of 8.65, a P/E/G ratio of 1.05 and a beta of 1.67. The company has a current ratio of 4.59, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average price of $122.74 and a 200 day moving average price of $118.62.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.13 by ($0.75). Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the prior year, the company posted $2.85 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. Research analysts anticipate that Toll Brothers will post 12.94 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.92 dividend on an annualized basis and a yield of 0.73%. Toll Brothers’s dividend payout ratio is currently 6.28%.

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $118.74, for a total value of $1,922,875.56. Following the transaction, the chief financial officer now owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $118.74, for a total value of $1,922,875.56. Following the transaction, the chief financial officer now owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin P. Connor sold 3,806 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total transaction of $463,723.04. Following the completion of the transaction, the chief financial officer now directly owns 24,721 shares in the company, valued at approximately $3,012,006.64. The disclosure for this sale can be found here. Insiders have sold 20,170 shares of company stock valued at $2,407,335 over the last quarter. Insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

A number of hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp raised its holdings in shares of Toll Brothers by 11.2% during the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock valued at $94,000 after buying an additional 82 shares during the last quarter. Clifford Swan Investment Counsel LLC raised its holdings in shares of Toll Brothers by 5.1% during the second quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock valued at $212,000 after buying an additional 89 shares during the last quarter. J.Safra Asset Management Corp raised its holdings in shares of Toll Brothers by 21.5% during the second quarter. J.Safra Asset Management Corp now owns 509 shares of the construction company’s stock valued at $59,000 after buying an additional 90 shares during the last quarter. Diversified Trust Co raised its holdings in shares of Toll Brothers by 1.7% during the second quarter. Diversified Trust Co now owns 5,926 shares of the construction company’s stock valued at $683,000 after buying an additional 100 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of Toll Brothers by 35.7% during the first quarter. Venturi Wealth Management LLC now owns 399 shares of the construction company’s stock valued at $52,000 after acquiring an additional 105 shares during the period. Institutional investors own 91.76% of the company’s stock.

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.