Toll Brothers, Inc. (NYSE:TOL) Receives $65.77 Average Price Target from Analysts

Toll Brothers, Inc. (NYSE:TOL) has earned an average recommendation of “Hold” from the nineteen analysts that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $65.46.

TOL has been the topic of a number of research reports. Seaport Res Ptn restated a “neutral” rating on shares of Toll Brothers in a report on Monday, July 19th. The Goldman Sachs Group lowered their price target on Toll Brothers from $59.00 to $55.00 and set a “sell” rating for the company in a research report on Wednesday, June 30th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $61.50 price target (down previously from $72.00) on shares of Toll Brothers in a research report on Thursday. Zacks Investment Research lowered Toll Brothers from a “buy” rating to a “hold” rating and set a $63.00 target price for the company. in a research report on Wednesday, August 4th. Finally, Barclays boosted their target price on Toll Brothers from $62.00 to $67.00 and gave the stock an “underweight” rating in a research report on Thursday, August 26th.

Several institutional investors have recently modified their holdings of TOL. Koshinski Asset Management Inc. purchased a new position in shares of Toll Brothers during the 3rd quarter worth $27,000. FORA Capital LLC purchased a new position in shares of Toll Brothers during the 1st quarter worth $28,000. Exchange Traded Concepts LLC purchased a new position in shares of Toll Brothers during the 2nd quarter worth $29,000. Samalin Investment Counsel LLC purchased a new position in shares of Toll Brothers during the 2nd quarter worth $29,000. Finally, IFP Advisors Inc lifted its stake in shares of Toll Brothers by 274.0% during the 2nd quarter. IFP Advisors Inc now owns 561 shares of the construction company’s stock valued at $33,000 after buying an additional 411 shares in the last quarter. Institutional investors and hedge funds own 85.99% of the company’s stock.

Shares of Toll Brothers stock traded up $1.12 on Monday, hitting $59.22. The stock had a trading volume of 4,345 shares, compared to its average volume of 1,489,810. The company has a quick ratio of 0.94, a current ratio of 5.18 and a debt-to-equity ratio of 0.71. Toll Brothers has a one year low of $40.95 and a one year high of $68.88. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 11.19 and a beta of 1.56. The stock’s 50-day simple moving average is $59.97 and its two-hundred day simple moving average is $59.78.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Monday, August 23rd. The construction company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.33. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Toll Brothers had a net margin of 7.94% and a return on equity of 13.30%. The firm’s revenue for the quarter was up 36.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 earnings per share. As a group, equities analysts predict that Toll Brothers will post 6.35 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 22nd. Stockholders of record on Friday, October 8th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Thursday, October 7th. Toll Brothers’s dividend payout ratio is presently 20.00%.

Toll Brothers Company Profile

Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and cater to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.

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Analyst Recommendations for Toll Brothers (NYSE:TOL)

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