Toll Brothers (TOL) Trading Up 0.8%

Toll Brothers Inc (NYSE:TOL) was up 0.8% on Wednesday . The company traded as high as $33.32 and last traded at $33.46. Approximately 550,111 shares traded hands during trading, a decline of 85% from the average daily volume of 3,636,204 shares. The stock had previously closed at $33.20.

A number of equities research analysts recently weighed in on TOL shares. Barclays reaffirmed a “sell” rating and set a $37.00 price objective (down previously from $39.00) on shares of Toll Brothers in a research report on Friday, September 14th. Bank of America boosted their price objective on shares of Toll Brothers from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, August 22nd. ValuEngine downgraded shares of Toll Brothers from a “sell” rating to a “strong sell” rating in a research report on Monday, September 24th. Deutsche Bank downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating and lowered their price objective for the company from $51.00 to $29.00 in a research report on Monday, October 22nd. Finally, Mizuho set a $46.00 price objective on shares of Toll Brothers and gave the company a “buy” rating in a research report on Friday, August 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company’s stock. Toll Brothers has a consensus rating of “Hold” and an average target price of $47.79.

The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 6.98. The company has a market cap of $4.61 billion, a PE ratio of 10.73, a PEG ratio of 0.44 and a beta of 1.34.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 21st. The construction company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.23. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.81 billion. Toll Brothers had a net margin of 9.37% and a return on equity of 13.49%. Toll Brothers’s revenue was up 27.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.87 EPS. As a group, research analysts anticipate that Toll Brothers Inc will post 4.46 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Friday, October 12th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, October 11th. Toll Brothers’s payout ratio is 13.88%.

In other Toll Brothers news, Director Edward G. Boehne sold 17,000 shares of the business’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $37.64, for a total transaction of $639,880.00. Following the completion of the transaction, the director now directly owns 99,598 shares of the company’s stock, valued at approximately $3,748,868.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.01% of the company’s stock.

Several large investors have recently modified their holdings of the company. Swiss National Bank lifted its stake in shares of Toll Brothers by 0.4% in the 2nd quarter. Swiss National Bank now owns 484,033 shares of the construction company’s stock worth $17,904,000 after acquiring an additional 1,700 shares during the period. IFM Investors Pty Ltd lifted its stake in shares of Toll Brothers by 36.5% in the 2nd quarter. IFM Investors Pty Ltd now owns 7,570 shares of the construction company’s stock worth $280,000 after acquiring an additional 2,024 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Toll Brothers by 17.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 15,745 shares of the construction company’s stock worth $582,000 after acquiring an additional 2,287 shares during the period. Barnett & Company Inc. lifted its stake in shares of Toll Brothers by 4.6% in the 2nd quarter. Barnett & Company Inc. now owns 55,011 shares of the construction company’s stock worth $2,035,000 after acquiring an additional 2,411 shares during the period. Finally, Norman Fields Gottscho Capital Management LLC lifted its stake in shares of Toll Brothers by 3.3% in the 2nd quarter. Norman Fields Gottscho Capital Management LLC now owns 75,550 shares of the construction company’s stock worth $2,795,000 after acquiring an additional 2,425 shares during the period. 81.96% of the stock is owned by institutional investors.

About Toll Brothers (NYSE:TOL)

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.

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