Toll Brothers, Inc. (NYSE:TOL) Receives $129.07 Average Target Price from Analysts

Shares of Toll Brothers, Inc. (NYSE:TOLGet Free Report) have received a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has 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 $129.07.

TOL has been the topic of several analyst reports. Raymond James reiterated a “strong-buy” rating and set a $145.00 price target (up previously from $135.00) on shares of Toll Brothers in a report on Thursday, May 23rd. Wells Fargo & Company lifted their price target on Toll Brothers from $142.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. Wedbush reiterated a “neutral” rating and set a $105.00 price target on shares of Toll Brothers in a report on Wednesday, May 22nd. Oppenheimer lifted their price target on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Finally, The Goldman Sachs Group upgraded Toll Brothers from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $112.00 to $124.00 in a report on Monday, June 17th.

Read Our Latest Research Report on TOL

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of Toll Brothers stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total value of $463,723.04. Following the completion of the transaction, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of Toll Brothers stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total value of $463,723.04. Following the completion of the transaction, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $118.74, for a total value of $1,922,875.56. Following the completion of the transaction, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The disclosure for this sale can be found here. Insiders sold a total of 21,670 shares of company stock valued at $2,586,315 in the last three months. 1.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Toll Brothers

Several institutional investors have recently bought and sold shares of TOL. Cetera Advisors LLC acquired a new position in shares of Toll Brothers during the first quarter worth about $733,000. Cetera Investment Advisers grew its position in shares of Toll Brothers by 957.1% during the first quarter. Cetera Investment Advisers now owns 22,664 shares of the construction company’s stock worth $2,932,000 after buying an additional 20,520 shares in the last quarter. Burney Co. grew its position in shares of Toll Brothers by 8.8% during the first quarter. Burney Co. now owns 346,454 shares of the construction company’s stock worth $44,821,000 after buying an additional 27,993 shares in the last quarter. Beck Bode LLC acquired a new position in shares of Toll Brothers during the first quarter worth about $860,000. Finally, EMC Capital Management grew its position in shares of Toll Brothers by 11.8% during the first quarter. EMC Capital Management now owns 7,505 shares of the construction company’s stock worth $971,000 after buying an additional 791 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Trading Up 1.2 %

Shares of TOL stock opened at $117.12 on Wednesday. The stock’s fifty day moving average is $121.03 and its two-hundred day moving average is $113.12. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 4.59. The firm has a market capitalization of $12.02 billion, a P/E ratio of 8.00, a PEG ratio of 0.94 and a beta of 1.66. Toll Brothers has a fifty-two week low of $68.08 and a fifty-two week high of $135.37.

Toll Brothers (NYSE:TOLGet Free Report) last announced its quarterly earnings data on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.85 EPS. Research analysts expect that Toll Brothers will post 12.94 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Friday, July 5th. Toll Brothers’s payout ratio is 6.28%.

About Toll Brothers

(Get Free Report

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.

Featured Stories

Analyst Recommendations for Toll Brothers (NYSE:TOL)

Receive News & Ratings for Toll Brothers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers and related companies with MarketBeat.com's FREE daily email newsletter.