Toll Brothers Inc. (NYSE:TOL) Receives Average Rating of “Moderate Buy” from Brokerages

Toll Brothers Inc. (NYSE:TOL) has been assigned a consensus rating of “Moderate Buy” from the eighteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $150.3571.

Several equities research analysts have recently issued reports on TOL shares. Citigroup lowered their target price on shares of Toll Brothers from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their target price on Toll Brothers from $161.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, December 12th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $160.00 target price (up previously from $130.00) on shares of Toll Brothers in a research note on Monday, August 25th. Finally, Bank of America reduced their price target on Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, October 10th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TOL. Allworth Financial LP increased its stake in Toll Brothers by 98.9% in the 3rd quarter. Allworth Financial LP now owns 2,910 shares of the construction company’s stock worth $402,000 after buying an additional 1,447 shares during the period. IFP Advisors Inc grew its stake in Toll Brothers by 47.2% in the 3rd quarter. IFP Advisors Inc now owns 3,126 shares of the construction company’s stock worth $432,000 after acquiring an additional 1,002 shares in the last quarter. Swiss Life Asset Management Ltd increased its position in shares of Toll Brothers by 73.0% during the third quarter. Swiss Life Asset Management Ltd now owns 4,451 shares of the construction company’s stock worth $615,000 after acquiring an additional 1,878 shares during the period. CIBC Private Wealth Group LLC increased its position in shares of Toll Brothers by 15.1% during the third quarter. CIBC Private Wealth Group LLC now owns 3,764 shares of the construction company’s stock worth $520,000 after acquiring an additional 493 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Toll Brothers during the third quarter valued at approximately $959,000. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Stock Performance

NYSE TOL opened at $139.80 on Friday. The business’s 50 day moving average price is $135.53 and its 200-day moving average price is $129.78. Toll Brothers has a fifty-two week low of $86.67 and a fifty-two week high of $149.79. The company has a market cap of $13.47 billion, a P/E ratio of 10.31, a P/E/G ratio of 1.13 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.64 and a current ratio of 4.38.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Monday, December 8th. The construction company reported $4.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.30). The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.32 billion. Toll Brothers had a return on equity of 16.74% and a net margin of 12.28%.The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.63 earnings per share. Sell-side analysts predict that Toll Brothers will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, January 9th. Toll Brothers’s dividend payout ratio (DPR) is 7.37%.

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.