Toll Brothers’ (TOL) Neutral Rating Reiterated at Seaport Research Partners

Toll Brothers (NYSE:TOL)‘s stock had its “neutral” rating reiterated by stock analysts at Seaport Research Partners in a note issued to investors on Tuesday,Benzinga reports.

TOL has been the topic of several other research reports. Truist Financial began coverage on Toll Brothers in a report on Wednesday, March 4th. They set a “buy” rating and a $190.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on Toll Brothers from $140.00 to $156.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. lifted their price objective on Toll Brothers from $141.00 to $143.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Weiss Ratings upgraded Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. Finally, Keefe, Bruyette & Woods increased their price objective on Toll Brothers from $143.00 to $170.00 and gave the stock a “market perform” rating in a report on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.25.

Toll Brothers Trading Up 1.3%

NYSE:TOL opened at $137.59 on Tuesday. Toll Brothers has a fifty-two week low of $86.67 and a fifty-two week high of $168.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.57 and a quick ratio of 0.62. The stock has a market capitalization of $13.03 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 1.06 and a beta of 1.49. The business’s 50-day simple moving average is $147.59 and its 200-day simple moving average is $140.95.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, February 17th. The construction company reported $2.19 earnings per share for the quarter, beating 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 business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the business posted $1.75 EPS. Toll Brothers’s revenue for the quarter was up 15.4% on a year-over-year basis. Sell-side analysts expect that Toll Brothers will post 13.83 earnings per share for the current fiscal year.

Insider Transactions at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the completion of the transaction, the chief executive officer directly owned 321,256 shares in the company, valued at approximately $51,535,887.52. This trade represents a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul E. Shapiro sold 3,965 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $146.68, for a total value of $581,586.20. Following the transaction, the director owned 118,680 shares of the company’s stock, valued at approximately $17,407,982.40. The trade was a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its position in shares of Toll Brothers by 2,067.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock worth $446,756,000 after purchasing an additional 3,151,509 shares during the last quarter. Capital World Investors increased its position in shares of Toll Brothers by 51.5% during the 3rd quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock worth $716,625,000 after purchasing an additional 1,763,211 shares during the last quarter. Norges Bank acquired a new position in shares of Toll Brothers during the 4th quarter worth approximately $168,312,000. AQR Capital Management LLC increased its position in shares of Toll Brothers by 83.1% during the 2nd quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock worth $297,650,000 after purchasing an additional 1,183,304 shares during the last quarter. Finally, Holocene Advisors LP increased its position in shares of Toll Brothers by 78.0% during the 3rd quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock worth $307,263,000 after purchasing an additional 974,567 shares during the last quarter. 91.76% of the stock is currently owned by 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.