A number of other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Toll Brothers to $57.00 and gave the company an outperform rating in a report on Monday, December 18th. Mizuho set a $52.00 target price on shares of Toll Brothers and gave the company a buy rating in a report on Thursday, December 7th. Raymond James Financial reaffirmed an outperform rating and issued a $52.00 target price (up from $43.00) on shares of Toll Brothers in a report on Thursday, December 7th. Wedbush reaffirmed a neutral rating and issued a $40.00 target price (down from $45.00) on shares of Toll Brothers in a report on Wednesday, December 6th. Finally, Barclays set a $40.00 target price on shares of Toll Brothers and gave the company a sell rating in a report on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $48.19.
Shares of Toll Brothers (TOL) traded down $0.18 during mid-day trading on Wednesday, hitting $47.29. 1,755,526 shares of the stock were exchanged, compared to its average volume of 3,269,542. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 6.61. The company has a market cap of $7,271.12, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.24 and a beta of 1.57. Toll Brothers has a 12 month low of $30.44 and a 12 month high of $51.08.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.32 dividend on an annualized basis and a yield of 0.68%. Toll Brothers’s dividend payout ratio (DPR) is currently 10.03%.
In related news, President Richard T. Hartman sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $47.00, for a total value of $940,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 2,000 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $41.45, for a total transaction of $82,900.00. Following the completion of the transaction, the chief financial officer now owns 34,836 shares in the company, valued at approximately $1,443,952.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,787 shares of company stock worth $3,255,777. 8.78% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in TOL. Advisors Asset Management Inc. grew its position in shares of Toll Brothers by 61.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock worth $105,000 after purchasing an additional 1,017 shares in the last quarter. IFP Advisors Inc grew its position in shares of Toll Brothers by 369.1% during the 2nd quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock worth $108,000 after purchasing an additional 2,152 shares in the last quarter. Aviance Capital Management LLC acquired a new position in shares of Toll Brothers during the 2nd quarter worth approximately $151,000. Toronto Dominion Bank grew its position in shares of Toll Brothers by 5.2% during the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after purchasing an additional 192 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Toll Brothers by 381.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,241 shares of the construction company’s stock worth $168,000 after purchasing an additional 3,361 shares in the last quarter. Institutional investors and hedge funds own 82.48% 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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