Toll Brothers Inc (NYSE:TOL) has been given an average recommendation of “Hold” by the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $35.34.
Several equities analysts have recently weighed in on the company. Royal Bank of Canada set a $37.00 target price on Toll Brothers and gave the company a “hold” rating in a research report on Thursday, May 23rd. Zacks Investment Research downgraded Toll Brothers from a “hold” rating to a “sell” rating and set a $37.00 target price on the stock. in a research report on Wednesday, July 24th. Raymond James downgraded Toll Brothers from an “outperform” rating to a “market perform” rating and set a $35.39 target price on the stock. in a research report on Thursday, May 30th. Finally, ValuEngine downgraded Toll Brothers from a “hold” rating to a “sell” rating in a research report on Tuesday, July 9th.
Toll Brothers stock traded up $0.04 during mid-day trading on Friday, hitting $35.08. The company’s stock had a trading volume of 26,489 shares, compared to its average volume of 1,553,565. The company has a 50 day simple moving average of $36.40. The company has a market capitalization of $5.04 billion, a PE ratio of 7.45, a PEG ratio of 1.07 and a beta of 0.98. The company has a current ratio of 7.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.73. Toll Brothers has a one year low of $28.68 and a one year high of $39.80.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, July 12th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, July 11th. This represents a $0.44 dividend on an annualized basis and a yield of 1.25%. Toll Brothers’s payout ratio is 9.34%.
In related news, Director Edward G. Boehne sold 17,000 shares of Toll Brothers stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $37.01, for a total transaction of $629,170.00. Following the transaction, the director now owns 64,304 shares in the company, valued at $2,379,891.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Carl B. Marbach sold 3,000 shares of Toll Brothers stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $35.14, for a total value of $105,420.00. Following the transaction, the director now owns 85,463 shares in the company, valued at approximately $3,003,169.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,200 shares of company stock worth $742,192. 9.69% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Globeflex Capital L P acquired a new stake in Toll Brothers during the first quarter worth $640,000. JPMorgan Chase & Co. increased its stake in Toll Brothers by 19.3% during the first quarter. JPMorgan Chase & Co. now owns 1,049,894 shares of the construction company’s stock worth $38,007,000 after acquiring an additional 169,862 shares during the last quarter. Hollencrest Capital Management acquired a new stake in Toll Brothers during the first quarter worth $209,000. Landsberg Bennett & Dubbaneh LLC increased its stake in Toll Brothers by 27.3% during the first quarter. Landsberg Bennett & Dubbaneh LLC now owns 8,935 shares of the construction company’s stock worth $326,000 after acquiring an additional 1,915 shares during the last quarter. Finally, Camelot Portfolios LLC increased its stake in Toll Brothers by 6.4% during the first quarter. Camelot Portfolios LLC now owns 28,624 shares of the construction company’s stock worth $1,036,000 after acquiring an additional 1,733 shares during the last quarter. 80.95% of the stock is owned by institutional investors.
About Toll Brothers
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for 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 homes in urban infill markets through Toll Brothers City Living.
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