Toll Brothers (NYSE:TOL) Downgraded by Keefe, Bruyette & Woods to “Market Perform”

Keefe, Bruyette & Woods lowered shares of Toll Brothers (NYSE:TOL) from an outperform rating to a market perform rating in a report issued on Tuesday morning, MarketBeat.com reports. Keefe, Bruyette & Woods currently has $164.00 target price on the construction company’s stock, down from their prior target price of $168.00.

TOL has been the topic of several other reports. Oppenheimer lifted their target price on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Bank of America lifted their price target on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Wedbush restated an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research report on Monday, December 2nd. Wells Fargo & Company boosted their target price on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Finally, StockNews.com lowered Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.07.

Toll Brothers Stock Performance

TOL stock opened at $138.38 on Tuesday. Toll Brothers has a 1 year low of $91.92 and a 1 year high of $169.52. The stock’s fifty day moving average price is $153.40 and its 200-day moving average price is $139.08. The company has a market cap of $13.97 billion, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 1.16 and a beta of 1.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57.

Toll Brothers (NYSE:TOL) last announced its earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. Toll Brothers’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $4.11 EPS. On average, equities analysts forecast that Toll Brothers will post 13.52 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Friday, January 10th. Toll Brothers’s payout ratio is presently 6.12%.

Insider Activity

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $154.51, for a total value of $7,725,500.00. Following the sale, the chief executive officer now directly owns 246,382 shares of the company’s stock, valued at approximately $38,068,482.82. This represents a 16.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the sale, the director now directly owns 9,944 shares in the company, valued at approximately $1,502,538.40. The trade was a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,000 shares of company stock valued at $16,435,800 over the last ninety days. 1.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Toll Brothers

Several hedge funds have recently added to or reduced their stakes in the business. TCW Group Inc. boosted its stake in shares of Toll Brothers by 27.9% during the 2nd quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock worth $8,713,000 after acquiring an additional 16,503 shares in the last quarter. Chartwell Investment Partners LLC raised its position in shares of Toll Brothers by 66.5% during the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock worth $5,453,000 after purchasing an additional 14,092 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of Toll Brothers by 4,894.1% during the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after purchasing an additional 3,328 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Toll Brothers during the 3rd quarter worth about $12,506,000. Finally, International Assets Investment Management LLC raised its position in shares of Toll Brothers by 62,605.9% during the 3rd quarter. International Assets Investment Management LLC now owns 10,660 shares of the construction company’s stock worth $1,647,000 after purchasing an additional 10,643 shares during the last quarter. 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.