Toll Brothers (TOL) Price Target Raised to $57.00 at Royal Bank of Canada

Toll Brothers (NYSE:TOL) had its target price lifted by Royal Bank of Canada to $57.00 in a report released on Monday. They currently have an outperform rating on the construction company’s stock.

TOL has been the topic of a number of other reports. MKM Partners boosted their price objective on shares of Toll Brothers to $54.00 and gave the company a buy rating in a research report on Wednesday, November 29th. UBS began coverage on shares of Toll Brothers in a research report on Wednesday, October 25th. They set a buy rating and a $50.00 price objective on the stock. KeyCorp reaffirmed a hold rating on shares of Toll Brothers in a research report on Friday, August 25th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $47.00 price objective on shares of Toll Brothers in a research report on Friday, October 20th. Finally, Zacks Investment Research raised shares of Toll Brothers from a hold rating to a buy rating and set a $48.00 price objective on the stock in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. Toll Brothers presently has a consensus rating of Hold and an average target price of $48.19.

Shares of Toll Brothers (NYSE TOL) traded up $0.08 on Monday, reaching $47.47. 1,432,700 shares of the company were exchanged, compared to its average volume of 2,036,750. Toll Brothers has a 52-week low of $30.44 and a 52-week high of $51.08. The stock has a market capitalization of $7,751.82, a P/E ratio of 14.86, a PEG ratio of 1.24 and a beta of 1.57. The company has a debt-to-equity ratio of 0.71, a current ratio of 6.61 and a quick ratio of 0.97.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 EPS for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.02). Toll Brothers had a net margin of 9.21% and a return on equity of 12.00%. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the previous year, the firm posted $0.67 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. equities analysts predict that Toll Brothers will post 3.61 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, January 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 10.03%.

In other news, Director Richard J. Braemer sold 20,000 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $46.55, for a total value of $931,000.00. Following the completion of the sale, the director now directly owns 82,873 shares in the company, valued at $3,857,738.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Richard T. Hartman sold 8,537 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $46.00, for a total transaction of $392,702.00. Following the completion of the sale, the president now owns 27,233 shares of the company’s stock, valued at $1,252,718. The disclosure for this sale can be found here. Insiders sold 71,787 shares of company stock valued at $3,255,777 over the last quarter. Corporate insiders own 8.78% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Toll Brothers by 1.8% in the second quarter. BlackRock Inc. now owns 16,811,380 shares of the construction company’s stock worth $664,216,000 after buying an additional 291,112 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Toll Brothers by 2.6% in the second quarter. Vanguard Group Inc. now owns 12,540,189 shares of the construction company’s stock worth $495,464,000 after buying an additional 323,334 shares during the last quarter. FMR LLC lifted its stake in shares of Toll Brothers by 13.4% in the second quarter. FMR LLC now owns 9,042,726 shares of the construction company’s stock worth $357,278,000 after buying an additional 1,067,193 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Toll Brothers by 134.8% in the third quarter. JPMorgan Chase & Co. now owns 7,198,069 shares of the construction company’s stock worth $294,978,000 after buying an additional 4,132,120 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Toll Brothers by 0.9% in the second quarter. State Street Corp now owns 6,257,962 shares of the construction company’s stock worth $247,263,000 after buying an additional 53,781 shares during the last quarter. Institutional investors and hedge funds own 82.48% of the company’s stock.

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About Toll Brothers

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.

Analyst Recommendations for Toll Brothers (NYSE:TOL)

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