Brokerages Set Toll Brothers Inc. (NYSE:TOL) Target Price at $164.44

Toll Brothers Inc. (NYSE:TOL) has been given a consensus recommendation of “Moderate Buy” by the nineteen research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $164.4375.

TOL has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. Truist Financial dropped their target price on Toll Brothers from $190.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Evercore upgraded Toll Brothers from an “in-line” rating to an “outperform” rating and set a $176.00 target price for the company in a research report on Monday, April 13th. Wells Fargo & Company lifted their price target on Toll Brothers from $170.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Finally, The Goldman Sachs Group boosted their price objective on Toll Brothers from $140.00 to $156.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th.

Insider Activity

In other news, Director Stephen F. East sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total transaction of $139,700.00. Following the completion of the transaction, the director owned 13,442 shares in the company, valued at approximately $1,877,847.40. This trade represents a 6.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of Toll Brothers stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the completion of the transaction, the chief executive officer directly owned 321,256 shares in the company, valued at $51,535,887.52. This represents a 12.31% decrease in their position. The SEC filing for this sale provides additional information. 1.37% of the stock is currently owned by insiders.

Institutional Trading of Toll Brothers

A number of large investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC grew its position in Toll Brothers by 2.6% during the fourth quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company’s stock valued at $359,000 after purchasing an additional 68 shares in the last quarter. Root Financial Partners LLC lifted its position in Toll Brothers by 21.9% in the 4th quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock worth $53,000 after buying an additional 70 shares in the last quarter. Merit Financial Group LLC boosted its stake in shares of Toll Brothers by 0.4% during the 4th quarter. Merit Financial Group LLC now owns 20,568 shares of the construction company’s stock valued at $2,781,000 after buying an additional 72 shares during the period. IFP Advisors Inc boosted its stake in shares of Toll Brothers by 2.4% during the 4th quarter. IFP Advisors Inc now owns 3,200 shares of the construction company’s stock valued at $433,000 after buying an additional 74 shares during the period. Finally, Hilton Head Capital Partners LLC grew its holdings in shares of Toll Brothers by 65.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after acquiring an additional 74 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $147.53 on Friday. The stock has a market cap of $13.97 billion, a P/E ratio of 10.54, a P/E/G ratio of 1.15 and a beta of 1.49. The firm’s 50-day simple moving average is $144.66 and its 200 day simple moving average is $141.61. Toll Brothers has a fifty-two week low of $98.14 and a fifty-two week high of $168.36. The company has a quick ratio of 0.62, a current ratio of 4.57 and a debt-to-equity ratio of 0.32.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.14. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the firm posted $1.75 EPS. Toll Brothers’s revenue was up 15.4% compared to the same quarter last year. Equities analysts expect that Toll Brothers will post 12.67 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, April 10th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s dividend payout ratio is presently 7.43%.

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.