Toll Brothers Inc. (NYSE:TOL)‘s stock had its “buy” rating restated by investment analysts at Mizuho in a research report issued on Tuesday.
Several other research firms also recently issued reports on TOL. Barclays PLC downgraded Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 price target on the stock. in a research note on Tuesday. Bank of America Corporation lifted their price target on Toll Brothers from $43.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, June 28th. Credit Suisse Group assumed coverage on Toll Brothers in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $39.00 price target on the stock. BidaskClub raised Toll Brothers from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $43.00 price objective on shares of Toll Brothers in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $39.17.
Toll Brothers (NYSE:TOL) opened at 39.71 on Tuesday. The firm has a 50-day moving average price of $38.11 and a 200-day moving average price of $34.93. The stock has a market cap of $6.50 billion, a P/E ratio of 16.38 and a beta of 1.52. Toll Brothers has a 52 week low of $26.65 and a 52 week high of $40.69.
Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 23rd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.10. Toll Brothers had a return on equity of 9.71% and a net margin of 7.67%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the business posted $0.51 EPS. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, equities research analysts predict that Toll Brothers will post $3.15 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Wednesday, July 12th. Toll Brothers’s payout ratio is currently 13.17%.
ILLEGAL ACTIVITY WARNING: This news story was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://sportsperspectives.com/2017/07/13/toll-brothers-inc-nysetol-stock-rating-reaffirmed-by-mizuho.html.
In related news, CEO Douglas C. Jr. Yearley sold 4,155 shares of Toll Brothers stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $39.92, for a total transaction of $165,867.60. Following the completion of the transaction, the chief executive officer now owns 176,372 shares in the company, valued at $7,040,770.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin P. Connor sold 2,000 shares of Toll Brothers stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $40.45, for a total value of $80,900.00. Following the transaction, the chief financial officer now owns 34,836 shares of the company’s stock, valued at approximately $1,409,116.20. The disclosure for this sale can be found here. Insiders have sold 413,336 shares of company stock valued at $15,821,153 in the last quarter. 8.78% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Toll Brothers during the fourth quarter worth approximately $47,099,000. M Holdings Securities Inc. boosted its position in Toll Brothers by 5.2% in the fourth quarter. M Holdings Securities Inc. now owns 8,843 shares of the construction company’s stock worth $274,000 after buying an additional 438 shares during the last quarter. Emerald Advisers Inc. PA boosted its position in Toll Brothers by 0.8% in the first quarter. Emerald Advisers Inc. PA now owns 266,598 shares of the construction company’s stock worth $9,627,000 after buying an additional 2,044 shares during the last quarter. ZWJ Investment Counsel Inc. acquired a new position in Toll Brothers during the first quarter worth approximately $300,000. Finally, Korea Investment CORP acquired a new position in Toll Brothers during the first quarter worth approximately $5,839,000. Institutional investors and hedge funds own 80.16% of the company’s stock.
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.
Receive News & Ratings for Toll Brothers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers Inc. and related companies with MarketBeat.com's FREE daily email newsletter.