Toll Brothers (NYSE:TOL) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Toll Brothers (NYSE:TOL) from a hold rating to a sell rating in a research note released on Monday.

TOL has been the topic of a number of other reports. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Oppenheimer cut their price objective on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Bank of America cut their price objective on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Finally, Evercore ISI increased their price objective on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.57.

Toll Brothers Trading Up 2.4 %

Toll Brothers stock opened at $110.66 on Monday. The stock has a 50-day moving average of $125.82 and a two-hundred day moving average of $140.44. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers has a one year low of $105.73 and a one year high of $169.52. The stock has a market cap of $11.05 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. On average, research analysts anticipate that Toll Brothers will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is 6.33%.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the transaction, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the transaction, the chief financial officer now owns 20,618 shares in the company, valued at $2,599,311.26. This represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,622 shares of company stock valued at $1,993,880 over the last ninety days. Company insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

A number of hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Toll Brothers in the fourth quarter valued at approximately $149,924,000. Balyasny Asset Management L.P. lifted its position in shares of Toll Brothers by 24,475.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company’s stock valued at $140,400,000 after acquiring an additional 1,110,192 shares in the last quarter. FMR LLC lifted its position in shares of Toll Brothers by 97.7% in the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after acquiring an additional 1,046,758 shares in the last quarter. D1 Capital Partners L.P. purchased a new position in shares of Toll Brothers in the fourth quarter valued at approximately $106,428,000. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Toll Brothers in the third quarter valued at approximately $111,562,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.