Toll Brothers (NYSE:TOL) Given Neutral Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Toll Brothers (NYSE:TOL) in a research report report published on Friday, Marketbeat.com reports. They currently have a $150.00 price objective on the construction company’s stock, down from their previous price objective of $166.00.

Other analysts have also issued reports about the stock. Barclays boosted their target price on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, August 22nd. Keefe, Bruyette & Woods lowered Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $168.00 to $164.00 in a research note on Tuesday. Evercore ISI lifted their target price on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, Wedbush reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $152.53.

Toll Brothers Stock Performance

TOL stock opened at $133.86 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57. Toll Brothers has a 1 year low of $95.46 and a 1 year high of $169.52. The company has a market cap of $13.52 billion, a P/E ratio of 8.91, a price-to-earnings-growth ratio of 1.07 and a beta of 1.69. The stock’s fifty day moving average price is $153.40 and its 200-day moving average price is $139.08.

Toll Brothers (NYSE:TOL) last announced its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period last year, the firm posted $4.11 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities analysts forecast that Toll Brothers will post 14.55 earnings per share for the current year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.69%. Toll Brothers’s payout ratio is 6.12%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the completion of the transaction, the chief executive officer now owns 246,382 shares in the company, valued at $38,068,482.82. This trade represents a 16.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $155.44, for a total value of $777,200.00. Following the sale, the chief financial officer now directly owns 9,721 shares in the company, valued at $1,511,032.24. This trade represents a 33.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,000 shares of company stock worth $16,435,800. Insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new position in shares of Toll Brothers in the 3rd quarter valued at about $27,000. Brooklyn Investment Group purchased a new stake in Toll Brothers during the third quarter valued at approximately $27,000. Larson Financial Group LLC lifted its stake in shares of Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Toll Brothers by 202.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after purchasing an additional 223 shares during the period. Finally, UMB Bank n.a. increased its position in shares of Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after purchasing an additional 207 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.