Toll Brothers (NYSE:TOL) Price Target Raised to $165.00

Toll Brothers (NYSE:TOL) had its price target upped by Argus from $150.00 to $165.00 in a report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

TOL has been the subject of several other reports. Citigroup upped their target price on Toll Brothers from $134.00 to $138.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Oppenheimer cut their target price on Toll Brothers from $165.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, May 15th. UBS Group reissued a “buy” rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Royal Bank Of Canada boosted their price objective on Toll Brothers from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Finally, Bank of America upped their price target on Toll Brothers from $132.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.07.

Toll Brothers Stock Performance

Shares of TOL opened at $147.24 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 4.38. The firm has a market cap of $14.19 billion, a P/E ratio of 10.82, a PEG ratio of 0.97 and a beta of 1.33. The firm’s 50 day moving average price is $126.77 and its two-hundred day moving average price is $112.44. Toll Brothers has a twelve month low of $86.67 and a twelve month high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.59 by $0.14. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter in the prior year, the business posted $3.60 EPS. The business’s revenue was up 8.0% compared to the same quarter last year. On average, analysts forecast that Toll Brothers will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.00 annualized dividend and a yield of 0.7%. Toll Brothers’s dividend payout ratio is presently 7.35%.

Insider Activity

In other Toll Brothers news, Director Stephen F. East sold 2,500 shares of the business’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total value of $288,325.00. Following the completion of the transaction, the director owned 12,787 shares of the company’s stock, valued at approximately $1,474,724.71. The trade was a 16.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $138.26, for a total value of $3,456,500.00. Following the transaction, the chief executive officer directly owned 286,117 shares in the company, valued at $39,558,536.42. The trade was a 8.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,601 shares of company stock worth $5,183,374. Company insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TOL. Sound Income Strategies LLC increased its holdings in Toll Brothers by 84.2% in the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company’s stock valued at $26,000 after acquiring an additional 112 shares during the last quarter. Brooklyn Investment Group boosted its stake in Toll Brothers by 52.8% during the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock worth $29,000 after buying an additional 94 shares during the period. Larson Financial Group LLC grew its holdings in Toll Brothers by 152.6% during the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock valued at $31,000 after purchasing an additional 177 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Toll Brothers by 128.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock worth $37,000 after acquiring an additional 182 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Toll Brothers by 218.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company’s stock valued at $38,000 after purchasing an additional 249 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.