Toll Brothers Inc. (NYSE:TOL) Receives $165.25 Consensus Price Target from Brokerages

Shares of Toll Brothers Inc. (NYSE:TOLGet Free Report) have been given an average rating of “Moderate Buy” by the nineteen brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, ten have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $165.25.

TOL has been the topic of a number of recent research reports. Oppenheimer restated an “outperform” rating and issued a $180.00 target price (up from $177.00) on shares of Toll Brothers in a report on Thursday, February 19th. Keefe, Bruyette & Woods upped their target price on Toll Brothers from $143.00 to $170.00 and gave the company a “market perform” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. increased their price target on Toll Brothers from $141.00 to $143.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. BTIG Research initiated coverage on Toll Brothers in a research note on Monday, December 1st. They issued a “neutral” rating on the stock. Finally, Weiss Ratings upgraded Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th.

Get Our Latest Research Report on TOL

Toll Brothers News Roundup

Here are the key news stories impacting Toll Brothers this week:

Toll Brothers Stock Down 1.4%

TOL stock opened at $147.55 on Friday. The firm has a market cap of $13.97 billion, a PE ratio of 10.54, a P/E/G ratio of 1.15 and a beta of 1.45. Toll Brothers has a 12 month low of $86.67 and a 12 month 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 firm has a 50 day simple moving average of $149.44 and a 200 day simple moving average of $141.48.

Toll Brothers (NYSE:TOLGet Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.14. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the business posted $1.75 earnings per share. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. Equities research analysts forecast that Toll Brothers will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, January 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s payout ratio is currently 7.14%.

Insider Activity at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 45,116 shares of Toll Brothers stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the transaction, the chief executive officer directly owned 321,256 shares in the company, valued at approximately $51,535,887.52. The trade was a 12.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul E. Shapiro sold 3,965 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the sale, the director directly owned 118,680 shares in the company, valued at approximately $17,407,982.40. This trade represents 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 corporate insiders.

Institutional Trading of Toll Brothers

A number of hedge funds have recently modified their holdings of TOL. Wiser Advisor Group LLC acquired a new position in Toll Brothers during the third quarter valued at $27,000. Pinnacle Holdings LLC purchased a new stake in Toll Brothers in the 4th quarter worth about $27,000. Abich Financial Wealth Management LLC acquired a new stake in Toll Brothers during the 3rd quarter worth about $28,000. Ramirez Asset Management Inc. acquired a new stake in Toll Brothers during the 3rd quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in Toll Brothers during the 3rd quarter valued at about $29,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Toll Brothers (NYSE:TOL)

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