Toll Brothers' (TOL) "Strong-Buy" Rating Reiterated at Raymond James

Raymond James restated their strong-buy rating on shares of Toll Brothers (NYSE:TOL - Free Report) in a research note released on Thursday morning, Benzinga reports. They currently have a $145.00 price objective on the construction company's stock, up from their prior price objective of $135.00.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company increased their price objective on Toll Brothers from $142.00 to $150.00 and gave the stock an overweight rating in a report on Wednesday, May 15th. The Goldman Sachs Group boosted their price objective on Toll Brothers from $94.00 to $96.00 and gave the stock a sell rating in a report on Thursday, February 22nd. Wedbush reissued a neutral rating and set a $105.00 target price on shares of Toll Brothers in a research note on Wednesday. Oppenheimer increased their price objective on Toll Brothers from $141.00 to $157.00 and gave the company an outperform rating in a report on Thursday, March 21st. Finally, Barclays increased their price objective on Toll Brothers from $95.00 to $115.00 and gave the stock an underweight rating in a research report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Toll Brothers currently has a consensus rating of Moderate Buy and an average price target of $123.07.

Toll Brothers Stock Up 0.3 %

Shares of NYSE TOL traded up $0.39 during trading on Thursday, reaching $119.59. 2,108,545 shares of the stock were exchanged, compared to its average volume of 1,393,514. The business's 50-day moving average price is $123.13 and its 200 day moving average price is $107.56. Toll Brothers has a twelve month low of $64.40 and a twelve month high of $135.37. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $12.46 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 1.08 and a beta of 1.67.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 EPS for the quarter, missing the consensus estimate of $4.13 by ($0.75). The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.58 billion. Toll Brothers had a return on equity of 21.27% and a net margin of 15.07%. The firm's revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.85 EPS. As a group, equities analysts forecast that Toll Brothers will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.77%. 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 dividend payout ratio is 6.28%.

Insider Buying and Selling

In other news, Director Stephen F. East sold 1,500 shares of the 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 transaction, the director now directly owns 9,389 shares of the company's stock, valued at $1,120,295.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer now owns 346,382 shares of the company's stock, valued at $41,167,500.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction on Monday, April 15th. The shares were 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 of the company's stock, valued at $1,120,295.48. The disclosure for this sale can be found here. Insiders sold 66,500 shares of company stock worth $7,881,930 in the last three months. 1.54% of the stock is owned by insiders.

Institutional Trading of Toll Brothers

Several institutional investors and hedge funds have recently made changes to their positions in the company. Burney Co. lifted its stake in Toll Brothers by 8.8% in the 1st quarter. Burney Co. now owns 346,454 shares of the construction company's stock valued at $44,821,000 after buying an additional 27,993 shares in the last quarter. Beck Bode LLC acquired a new stake in shares of Toll Brothers during the 1st quarter worth $860,000. EMC Capital Management increased its holdings in shares of Toll Brothers by 11.8% during the 1st quarter. EMC Capital Management now owns 7,505 shares of the construction company's stock worth $971,000 after buying an additional 791 shares during the last quarter. Zimmer Partners LP acquired a new stake in Toll Brothers in the 1st quarter valued at $11,643,000. Finally, Tidal Investments LLC acquired a new stake in Toll Brothers in the 1st quarter valued at $1,647,000. 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.