Toll Brothers Inc. (NYSE:TOL) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Toll Brothers Inc. has received a consensus recommendation of "Moderate Buy" from fifteen brokerages, with an average target price of $149.07.
• The company's stock price opened at $147.09, and it reported quarterly earnings of $3.73 per share, exceeding analysts' expectations.
• Toll Brothers recently declared a quarterly dividend of $0.25 per share, resulting in an annualized yield of 0.7%.

Toll Brothers Inc. (NYSE:TOL - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the fifteen research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $149.0714.

Several equities analysts recently weighed in on TOL shares. Seaport Res Ptn upgraded shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Wedbush reissued an "outperform" rating and set a $165.00 target price on shares of Toll Brothers in a report on Friday, September 5th. Royal Bank Of Canada boosted their target price on shares of Toll Brothers from $133.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Wells Fargo & Company increased their price target on Toll Brothers from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $160.00 price objective (up previously from $130.00) on shares of Toll Brothers in a research note on Monday, August 25th.

Toll Brothers Stock Performance

Shares of TOL stock opened at $147.09 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. The business has a fifty day moving average of $129.03 and a 200 day moving average of $113.38. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 0.94 and a beta of 1.33. Toll Brothers has a 1 year low of $86.67 and a 1 year high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates of $3.59 by $0.14. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period in the prior year, the company earned $3.60 earnings per share. The company's revenue was up 8.0% on a year-over-year basis. As a group, research analysts expect that Toll Brothers will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, July 11th. Toll Brothers's dividend payout ratio (DPR) is currently 7.35%.

Insider Buying and Selling

In related news, Director Christine Garvey sold 770 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $119.82, for a total value of $92,261.40. Following the completion of the transaction, the director directly owned 11,590 shares in the company, valued at $1,388,713.80. The trade was a 6.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the sale, the chief executive officer directly owned 286,117 shares in the company, valued at $39,558,536.42. This trade represents a 8.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,413 shares of company stock valued at $5,746,216 in the last three months. 1.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Trail Ridge Investment Advisors LLC grew its position in shares of Toll Brothers by 0.5% during the 1st quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company's stock valued at $2,706,000 after acquiring an additional 132 shares during the period. Left Brain Wealth Management LLC purchased a new position in Toll Brothers during the first quarter worth approximately $317,000. MQS Management LLC acquired a new stake in Toll Brothers in the first quarter valued at approximately $649,000. Financial Security Advisor Inc. acquired a new stake in Toll Brothers in the first quarter valued at approximately $231,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of Toll Brothers in the first quarter valued at approximately $227,000. Institutional investors and hedge funds own 91.76% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.