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

Shares of Toll Brothers Inc. (NYSE:TOL) have received a consensus recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $165.25.

TOL has been the subject of a number of research reports. UBS Group upped their price objective on Toll Brothers from $181.00 to $198.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Truist Financial assumed coverage on Toll Brothers in a research note on Wednesday, March 4th. They set a “buy” rating and a $190.00 price target for the company. Evercore set a $174.00 price target on shares of Toll Brothers in a research report on Thursday, February 19th. Barclays reissued an “underweight” rating on shares of Toll Brothers in a report on Monday, February 23rd. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research report on Wednesday, February 18th.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,965 shares of the business’s 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 completion of the sale, the director owned 118,680 shares of the company’s stock, valued at approximately $17,407,982.40. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total value of $7,237,508.72. Following the completion of the sale, the chief executive officer owned 321,256 shares of the company’s stock, valued at approximately $51,535,887.52. The trade was 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.

Hedge Funds Weigh In On Toll Brothers

A number of hedge funds have recently modified their holdings of the company. Candriam S.C.A. purchased a new stake in Toll Brothers in the 3rd quarter worth $5,407,000. Moody Aldrich Partners LLC lifted its position in shares of Toll Brothers by 93.7% in the third quarter. Moody Aldrich Partners LLC now owns 27,234 shares of the construction company’s stock valued at $3,762,000 after acquiring an additional 13,175 shares in the last quarter. Alps Advisors Inc. bought a new position in shares of Toll Brothers in the third quarter worth about $6,929,000. Allianz Asset Management GmbH boosted its stake in shares of Toll Brothers by 11.1% in the third quarter. Allianz Asset Management GmbH now owns 226,911 shares of the construction company’s stock worth $31,345,000 after acquiring an additional 22,687 shares during the period. Finally, Advisors Capital Management LLC purchased a new stake in shares of Toll Brothers during the third quarter worth about $2,514,000. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Trading Down 0.4%

NYSE:TOL opened at $130.54 on Tuesday. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. Toll Brothers has a 12 month low of $86.67 and a 12 month high of $168.36. The company has a market cap of $12.36 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. The company has a 50 day simple moving average of $148.51 and a two-hundred day simple moving average of $141.11.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.14. The business had revenue of $2.15 billion during 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 company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 EPS. Research analysts forecast that Toll Brothers will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.25. Toll Brothers’s payout ratio is 7.14%.

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.