Toll Brothers (NYSE:TOL) Price Target Lowered to $115.00 at Barclays

Toll Brothers (NYSE:TOL) had its price objective decreased by Barclays from $116.00 to $115.00 in a research note published on Wednesday morning,Benzinga reports. Barclays currently has an underweight rating on the construction company’s stock.

Several other research analysts have also issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of Toll Brothers from $144.00 to $161.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. UBS Group lifted their price target on shares of Toll Brothers from $181.00 to $198.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Zacks Research upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Citigroup lifted their price target on shares of Toll Brothers from $141.00 to $162.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Finally, Truist Financial began coverage on shares of Toll Brothers in a research report on Wednesday, March 4th. They issued a “buy” rating and a $190.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $165.56.

Toll Brothers Price Performance

NYSE TOL opened at $139.29 on Wednesday. Toll Brothers has a 12 month low of $86.67 and a 12 month high of $168.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.57 and a quick ratio of 0.62. The firm has a market capitalization of $13.19 billion, a PE ratio of 9.95, a P/E/G ratio of 1.06 and a beta of 1.49. The company’s 50 day simple moving average is $147.28 and its 200 day simple moving average is $140.89.

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

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, April 10th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.25. Toll Brothers’s dividend payout ratio is presently 7.14%.

Insider Activity at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 45,116 shares of Toll Brothers stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the transaction, the chief executive officer directly owned 321,256 shares in the company, valued at approximately $51,535,887.52. The trade was a 12.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul E. Shapiro sold 3,965 shares of Toll Brothers stock in a transaction that occurred on 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 in the company, valued at approximately $17,407,982.40. The trade was a 3.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Several institutional investors and hedge funds have recently added to or reduced their stakes in TOL. Wiser Advisor Group LLC purchased a new position in Toll Brothers during the 3rd quarter worth approximately $27,000. Pinnacle Holdings LLC purchased a new position in Toll Brothers during the 4th quarter worth approximately $27,000. Abich Financial Wealth Management LLC purchased a new position in Toll Brothers during the 3rd quarter worth approximately $28,000. Ramirez Asset Management Inc. acquired a new stake in shares of Toll Brothers during the 3rd quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Toll Brothers during the 3rd quarter valued at $29,000. 91.76% of the stock is currently owned by hedge funds and other 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.