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

Toll Brothers (NYSE:TOL - Free Report) had its price objective raised by Wells Fargo & Company from $142.00 to $150.00 in a report issued on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the construction company's stock.

TOL has been the subject of a number of other reports. Citigroup raised their target price on Toll Brothers from $116.00 to $138.00 and gave the stock a neutral rating in a research report on Friday, April 5th. Oppenheimer lifted their price objective on Toll Brothers from $141.00 to $157.00 and gave the company an outperform rating in a research note on Thursday, March 21st. StockNews.com raised Toll Brothers from a hold rating to a buy rating in a research note on Tuesday, April 16th. The Goldman Sachs Group lifted their price objective on Toll Brothers from $94.00 to $96.00 and gave the company a sell rating in a research note on Thursday, February 22nd. Finally, Barclays raised their price target on Toll Brothers from $95.00 to $115.00 and gave the company an underweight rating in a research report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $116.33.

Toll Brothers Stock Up 5.9 %

NYSE:TOL traded up $7.52 on Wednesday, hitting $134.90. The stock had a trading volume of 2,067,040 shares, compared to its average volume of 1,342,680. The business's fifty day moving average is $122.39 and its 200 day moving average is $105.68. The company has a market cap of $14.05 billion, a PE ratio of 10.43, a P/E/G ratio of 1.05 and a beta of 1.67. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. Toll Brothers has a 52 week low of $63.34 and a 52 week high of $135.37.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.77 by $0.48. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The company's quarterly 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 earnings per share. On average, equities research analysts expect that Toll Brothers will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Thursday, April 4th. This is an increase from Toll Brothers's previous quarterly dividend of $0.21. Toll Brothers's payout ratio is currently 7.11%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the sale, the chief executive officer now directly owns 346,382 shares of the company's stock, valued at approximately $41,167,500.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Martin P. Connor sold 5,000 shares of the business's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $116.05, for a total value of $580,250.00. Following the sale, the chief financial officer now directly owns 49,721 shares of the company's stock, valued at approximately $5,770,122.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $118.85, for a total value of $5,942,500.00. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at $41,167,500.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,500 shares of company stock valued at $7,881,930. 1.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Toll Brothers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Toll Brothers during the 4th quarter valued at $128,982,000. Invesco Ltd. boosted its stake in Toll Brothers by 105.7% during the 3rd quarter. Invesco Ltd. now owns 1,503,729 shares of the construction company's stock valued at $111,216,000 after purchasing an additional 772,849 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in Toll Brothers during the 3rd quarter valued at $48,457,000. Acadian Asset Management LLC boosted its stake in Toll Brothers by 26.9% during the 3rd quarter. Acadian Asset Management LLC now owns 1,491,488 shares of the construction company's stock valued at $110,294,000 after purchasing an additional 316,100 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in Toll Brothers by 157.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 509,177 shares of the construction company's stock valued at $37,659,000 after purchasing an additional 311,092 shares during the last quarter. 91.76% of the stock is 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.