Toll Brothers (NYSE:TOL) Price Target Raised to $170.00

Toll Brothers (NYSE:TOL) had its target price hoisted by equities researchers at Morgan Stanley from $159.00 to $170.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Morgan Stanley‘s price target would suggest a potential upside of 13.71% from the company’s previous close.

TOL has been the subject of a number of other reports. Evercore set a $184.00 price target on Toll Brothers in a research note on Friday, September 25th. Keefe, Bruyette & Woods raised their price objective on Toll Brothers from $161.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Citigroup reduced their price objective on Toll Brothers from $179.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, October 15th. Royal Bank Of Canada decreased their price objective on shares of Toll Brothers from $158.00 to $148.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Finally, UBS Group boosted their target price on shares of Toll Brothers from $187.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $167.40.

Toll Brothers Stock Down 2.5%

NYSE TOL traded down $3.85 on Tuesday, reaching $149.50. The company had a trading volume of 255,423 shares, compared to its average volume of 1,123,034. The firm has a 50-day moving average of $138.02 and a 200-day moving average of $144.20. The firm has a market capitalization of $13.78 billion, a PE ratio of 11.98, a P/E/G ratio of 1.13 and a beta of 1.31. Toll Brothers has a 1 year low of $123.14 and a 1 year high of $168.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.55.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.04. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the firm posted $3.73 EPS. The firm’s quarterly revenue was down 9.7% on a year-over-year basis. On average, equities research analysts anticipate that Toll Brothers will post 12.80 EPS for the current fiscal year.

Insider Buying and Selling at Toll Brothers

In related news, Director Stephen East sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $135.99, for a total value of $108,792.00. Following the sale, the director owned 12,642 shares of the company’s stock, valued at approximately $1,719,185.58. This trade represents a 5.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Several large investors have recently added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Toll Brothers in the 2nd quarter valued at about $4,515,000. Mariner Investment Group LLC acquired a new position in Toll Brothers during the 2nd quarter valued at about $1,648,000. Meeder Advisory Services Inc. bought a new position in Toll Brothers in the 2nd quarter worth about $862,000. Ceredex Value Advisors LLC bought a new position in Toll Brothers in the 2nd quarter worth about $37,012,000. Finally, Amundi increased its stake in shares of Toll Brothers by 138.4% in the second quarter. Amundi now owns 174,655 shares of the construction company’s stock valued at $28,774,000 after purchasing an additional 101,405 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Company Profile

Toll Brothers, Inc is a luxury homebuilding company that designs, builds, markets and sells residential properties in the United States. Its portfolio includes single-family detached homes, townhomes, condominiums and luxury residences, along with active-adult communities and urban high-rise developments in select markets.

The company also provides related services through businesses involved in mortgage lending, title insurance and settlement services. Toll Brothers serves a range of buyers, including first-time, move-up, luxury and active-adult home purchasers, and offers customization options through its design studios and other customer-service operations.

Founded in 1967 by Robert I.