KeyCorp upgraded shares of Toll Brothers (NYSE:TOL – Get Rating) from an underweight rating to a sector weight rating in a research report report published on Monday morning, MarketBeat Ratings reports.
A number of other analysts have also recently commented on the stock. UBS Group lowered their price objective on shares of Toll Brothers from $74.00 to $59.00 and set a buy rating for the company in a research report on Thursday, June 16th. Raymond James lowered their price objective on shares of Toll Brothers from $75.00 to $56.00 and set an outperform rating for the company in a research report on Monday, August 29th. Bank of America cut shares of Toll Brothers from a buy rating to a neutral rating and set a $49.00 price objective for the company. in a research report on Thursday, August 25th. Wells Fargo & Company cut shares of Toll Brothers from an overweight rating to an equal weight rating and lowered their price objective for the company from $56.00 to $48.00 in a research report on Friday, June 17th. Finally, Wedbush lowered their target price on Toll Brothers from $62.00 to $50.00 and set a neutral rating for the company in a report on Thursday, August 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $51.67.
Get Toll Brothers alerts:Toll Brothers Stock Down 2.0 %
Shares of NYSE TOL opened at $42.09 on Monday. The firm has a market capitalization of $4.77 billion, a PE ratio of 4.98 and a beta of 1.49. The company has a current ratio of 4.99, a quick ratio of 0.48 and a debt-to-equity ratio of 0.60. Toll Brothers has a 1 year low of $40.19 and a 1 year high of $75.61. The firm's 50-day moving average is $46.60 and its 200-day moving average is $47.25.
Toll Brothers (NYSE:TOL – Get Rating) last announced its quarterly earnings results on Tuesday, August 23rd. The construction company reported $2.35 earnings per share for the quarter, topping analysts' consensus estimates of $2.30 by $0.05. Toll Brothers had a net margin of 10.62% and a return on equity of 18.93%. During the same quarter in the previous year, the business earned $1.87 EPS. Equities analysts expect that Toll Brothers will post 9.32 EPS for the current year.Toll Brothers Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, October 7th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.90%. Toll Brothers's dividend payout ratio is 9.46%.
Hedge Funds Weigh In On Toll Brothers
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Toll Brothers by 9.1% during the 1st quarter. Vanguard Group Inc. now owns 11,623,797 shares of the construction company's stock worth $546,551,000 after buying an additional 968,528 shares during the last quarter. Greenhaven Associates Inc. lifted its stake in Toll Brothers by 2.8% in the 2nd quarter. Greenhaven Associates Inc. now owns 5,357,903 shares of the construction company's stock valued at $238,962,000 after purchasing an additional 145,700 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Toll Brothers by 4.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,724,844 shares of the construction company's stock valued at $210,728,000 after purchasing an additional 212,375 shares during the last quarter. State Street Corp lifted its stake in Toll Brothers by 1.1% in the 1st quarter. State Street Corp now owns 4,070,929 shares of the construction company's stock valued at $191,415,000 after purchasing an additional 45,004 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Toll Brothers by 10.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,773,505 shares of the construction company's stock valued at $177,444,000 after purchasing an additional 353,364 shares during the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds.
Toll Brothers Company Profile
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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. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living.
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