Toll Brothers (NYSE:TOL) Given New $143.00 Price Target at JPMorgan Chase & Co.

Toll Brothers (NYSE:TOL) had its target price raised by JPMorgan Chase & Co. from $141.00 to $143.00 in a research report report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the construction company’s stock.

A number of other research analysts have also issued reports on the company. Evercore set a $174.00 price target on Toll Brothers in a research report on Thursday. Citigroup started coverage on shares of Toll Brothers in a report on Wednesday, January 7th. They issued an “outperform” rating for the company. UBS Group upped their price objective on Toll Brothers from $181.00 to $198.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings upgraded shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Finally, Royal Bank Of Canada raised their price objective on Toll Brothers from $144.00 to $161.00 and gave the stock an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus target price of $160.40.

Toll Brothers Stock Down 2.2%

Shares of Toll Brothers stock opened at $158.42 on Monday. The stock has a market capitalization of $15.01 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.27 and a beta of 1.47. Toll Brothers has a twelve month low of $86.67 and a twelve month high of $168.36. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. The business’s 50 day simple moving average is $146.68 and its 200-day simple moving average is $139.91.

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

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, January 9th. Toll Brothers’s dividend payout ratio (DPR) is 7.14%.

Insider Activity

In other news, Director Paul E. Shapiro sold 3,965 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $146.68, for a total transaction of $581,586.20. Following the transaction, the director owned 118,680 shares of the company’s stock, valued at approximately $17,407,982.40. This represents a 3.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.37% of the company’s stock.

Institutional Trading of Toll Brothers

Several large investors have recently modified their holdings of TOL. Wiser Advisor Group LLC bought a new stake in Toll Brothers during the 3rd quarter valued at approximately $27,000. Pinnacle Holdings LLC bought a new stake in shares of Toll Brothers in the 4th quarter valued at approximately $27,000. Abich Financial Wealth Management LLC acquired a new position in Toll Brothers during the third quarter worth $28,000. Ramirez Asset Management Inc. bought a new stake in shares of Toll Brothers in the 3rd quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Toll Brothers during the third quarter worth about $29,000. 91.76% of the stock is owned by institutional investors.

About Toll Brothers

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.