Toll Brothers Inc. (NYSE:TOL) Receives $149.43 Consensus PT from Analysts

Toll Brothers Inc. (NYSE:TOL) has earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $149.4286.

Several research analysts recently issued reports on the stock. Seaport Res Ptn upgraded shares of Toll Brothers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their price target on shares of Toll Brothers from $143.00 to $145.00 and gave the stock a “market perform” rating in a research report on Thursday, August 28th. Bank of America decreased their price target on shares of Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Raymond James Financial reissued a “strong-buy” rating and set a $160.00 price target (up from $130.00) on shares of Toll Brothers in a research note on Monday, August 25th. Finally, Argus increased their price objective on Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, September 5th.

Insider Buying and Selling

In related news, COO Robert Parahus sold 9,831 shares of Toll Brothers stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $130.84, for a total value of $1,286,288.04. Following the completion of the sale, the chief operating officer directly owned 19,692 shares in the company, valued at $2,576,501.28. This trade represents a 33.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $138.26, for a total value of $3,456,500.00. Following the completion of the sale, the chief executive officer owned 286,117 shares of the company’s stock, valued at approximately $39,558,536.42. The trade was a 8.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 38,643 shares of company stock worth $5,305,630 over the last three months. 1.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Toll Brothers

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group boosted its stake in Toll Brothers by 52.8% in the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock valued at $29,000 after acquiring an additional 94 shares during the last quarter. Larson Financial Group LLC boosted its stake in Toll Brothers by 152.6% in the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock valued at $31,000 after acquiring an additional 177 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Toll Brothers by 128.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock valued at $37,000 after acquiring an additional 182 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Toll Brothers by 218.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company’s stock valued at $38,000 after acquiring an additional 249 shares during the last quarter. Finally, Operose Advisors LLC bought a new position in Toll Brothers in the first quarter valued at approximately $42,000. 91.76% of the stock is owned by institutional investors.

Toll Brothers Stock Down 1.3%

NYSE TOL opened at $133.19 on Friday. The stock’s 50 day simple moving average is $138.00 and its 200 day simple moving average is $122.14. Toll Brothers has a one year low of $86.67 and a one year high of $169.52. The firm has a market cap of $12.84 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 1.60 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, beating 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 firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same period last year, the firm posted $3.60 EPS. The business’s revenue was up 8.0% on a year-over-year basis. As a group, sell-side 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, October 24th. Investors of record on Friday, October 10th were issued a $0.25 dividend. The ex-dividend date was Friday, October 10th. This represents a $1.00 annualized dividend and a yield of 0.8%. Toll Brothers’s dividend payout ratio (DPR) is currently 7.35%.

Toll Brothers Company Profile

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.