Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Toll Brothers (NYSE:TOL) Stock

Toll Brothers (NYSE:TOL) had its price objective hoisted by research analysts at Keefe, Bruyette & Woods from $143.00 to $170.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the construction company’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 6.60% from the stock’s current price.

Several other analysts have also recently weighed in on TOL. Citigroup started coverage on shares of Toll Brothers in a report on Wednesday, January 7th. They issued an “outperform” rating on the stock. Zacks Research raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. UBS Group boosted their target price on shares of Toll Brothers from $181.00 to $198.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. The Goldman Sachs Group raised their price target on Toll Brothers from $140.00 to $156.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Finally, BTIG Research began coverage on Toll Brothers in a research report on Monday, December 1st. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and an average target price of $162.20.

Toll Brothers Stock Up 0.7%

Toll Brothers stock opened at $159.48 on Wednesday. The firm has a market capitalization of $15.11 billion, a P/E ratio of 11.39, a P/E/G ratio of 1.24 and a beta of 1.47. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. Toll Brothers has a twelve month low of $86.67 and a twelve month high of $168.36. The stock’s fifty day simple moving average is $147.10 and its 200-day simple moving average is $140.15.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.05 by $0.14. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm posted $1.75 EPS. Toll Brothers’s revenue for the quarter was up 15.4% on a year-over-year basis. As a group, equities analysts expect that Toll Brothers will post 13.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Paul E. Shapiro sold 3,965 shares of Toll Brothers stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $146.68, for a total value of $581,586.20. Following the sale, the director owned 118,680 shares of the company’s stock, valued at $17,407,982.40. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

A number of large investors have recently modified their holdings of TOL. Candriam S.C.A. purchased a new stake in Toll Brothers during the third quarter worth $5,407,000. Moody Aldrich Partners LLC raised its stake in shares of Toll Brothers by 93.7% during the 3rd quarter. Moody Aldrich Partners LLC now owns 27,234 shares of the construction company’s stock worth $3,762,000 after buying an additional 13,175 shares during the last quarter. Alps Advisors Inc. acquired a new position in shares of Toll Brothers during the 3rd quarter worth $6,929,000. Allianz Asset Management GmbH boosted its position in shares of Toll Brothers by 11.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 226,911 shares of the construction company’s stock worth $31,345,000 after buying an additional 22,687 shares in the last quarter. Finally, Advisors Capital Management LLC purchased a new stake in shares of Toll Brothers in the 3rd quarter worth about $2,514,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Company Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.