BidaskClub Lowers Toll Brothers Inc. (NYSE:TOL) to Hold

BidaskClub downgraded shares of Toll Brothers Inc. (NYSE:TOL) from a buy rating to a hold rating in a research note released on Sunday, July 30th.

A number of other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Toll Brothers from a hold rating to a buy rating and set a $40.00 price target for the company in a research report on Tuesday, April 25th. Zelman & Associates upgraded shares of Toll Brothers from a hold rating to a buy rating in a research report on Wednesday, May 17th. Buckingham Research lowered shares of Toll Brothers from a buy rating to a neutral rating in a research report on Wednesday, May 24th. They noted that the move was a valuation call. Mizuho restated a buy rating on shares of Toll Brothers in a research report on Tuesday, July 11th. Finally, Credit Suisse Group began coverage on shares of Toll Brothers in a report on Thursday, June 22nd. They set a neutral rating and a $39.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Toll Brothers presently has an average rating of Buy and an average price target of $39.67.

Toll Brothers (NYSE TOL) opened at 38.15 on Friday. The firm’s 50-day moving average price is $39.44 and its 200-day moving average price is $36.86. Toll Brothers has a 12 month low of $26.65 and a 12 month high of $41.07. The firm has a market cap of $6.24 billion, a P/E ratio of 15.73 and a beta of 1.52.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, May 23rd. The construction company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.10. Toll Brothers had a net margin of 7.67% and a return on equity of 9.71%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the business earned $0.51 EPS. Toll Brothers’s revenue was up 22.2% compared to the same quarter last year. On average, equities research analysts expect that Toll Brothers will post $3.15 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Wednesday, July 12th. Toll Brothers’s dividend payout ratio (DPR) is 13.17%.

In related news, CEO Douglas C. Jr. Yearley sold 10,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $38.50, for a total transaction of $385,000.00. Following the transaction, the chief executive officer now owns 186,372 shares in the company, valued at $7,175,322. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert I. Toll sold 273,033 shares of the company’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $38.00, for a total transaction of $10,375,254.00. Following the completion of the sale, the insider now owns 7,420,317 shares in the company, valued at approximately $281,972,046. The disclosure for this sale can be found here. Insiders have sold 403,533 shares of company stock worth $15,456,475 in the last quarter. 8.78% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the company. NewSquare Capital LLC acquired a new stake in shares of Toll Brothers during the second quarter worth $101,000. Advisors Asset Management Inc. boosted its stake in shares of Toll Brothers by 61.6% in the second quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock worth $105,000 after buying an additional 1,017 shares during the period. IFP Advisors Inc boosted its stake in shares of Toll Brothers by 369.1% in the second quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock worth $108,000 after buying an additional 2,152 shares during the period. US Bancorp DE boosted its stake in shares of Toll Brothers by 1.8% in the first quarter. US Bancorp DE now owns 2,791 shares of the construction company’s stock worth $101,000 after buying an additional 49 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Toll Brothers during the first quarter worth $114,000. Institutional investors and hedge funds own 80.32% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

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