Toll Brothers’ (TOL) Outperform Rating Reiterated at Oppenheimer

Oppenheimer restated their outperform rating on shares of Toll Brothers (NYSE:TOL) in a report published on Thursday morning,Benzinga reports. The firm currently has a $189.00 price objective on the construction company’s stock.

A number of other equities research analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. Wedbush restated an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research report on Wednesday. Wells Fargo & Company increased their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Royal Bank of Canada boosted their target price on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Barclays increased their price target on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $152.53.

Toll Brothers Trading Down 3.3 %

Toll Brothers stock opened at $133.85 on Thursday. Toll Brothers has a 52-week low of $95.46 and a 52-week high of $169.52. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $13.51 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 1.00 and a beta of 1.69. The firm has a 50-day moving average price of $153.08 and a two-hundred day moving average price of $139.16.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $4.11 EPS. Sell-side analysts expect that Toll Brothers will post 14.57 earnings per share for the current year.

Toll Brothers Dividend Announcement

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

Insider Transactions at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the transaction, the chief executive officer now owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. This trade represents a 10.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John A. Mclean sold 1,000 shares of the business’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 sale, the director now directly owns 9,944 shares in the company, valued at approximately $1,502,538.40. This trade represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,000 shares of company stock valued at $16,435,800 over the last ninety days. Corporate insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Institutional investors have recently bought and sold shares of the business. State Street Corp lifted its position in shares of Toll Brothers by 1.2% in the third quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock worth $565,802,000 after purchasing an additional 42,871 shares in the last quarter. Geode Capital Management LLC increased its stake in Toll Brothers by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock valued at $333,444,000 after buying an additional 84,652 shares during the period. FMR LLC lifted its position in Toll Brothers by 97.7% in the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after buying an additional 1,046,758 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Toll Brothers by 34.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $241,380,000 after buying an additional 541,140 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in shares of Toll Brothers by 81.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after acquiring an additional 431,160 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

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.