Toll Brothers (NYSE:TOL) PT Raised to $180.00

Toll Brothers (NYSE:TOL) had its price target upped by stock analysts at Evercore ISI from $177.00 to $180.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the construction company’s stock. Evercore ISI’s price objective indicates a potential upside of 35.97% from the stock’s current price.

TOL has been the topic of a number of other research reports. Argus increased their price objective on Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Wedbush reissued a “neutral” rating and set a $105.00 price objective on shares of Toll Brothers in a report on Wednesday, May 22nd. Citigroup lowered their price objective on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Oppenheimer raised their target price on Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Finally, Keefe, Bruyette & Woods raised their target price on Toll Brothers from $135.00 to $142.00 and gave the company an “outperform” rating in a report on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.25.

Toll Brothers Stock Performance

Shares of TOL stock opened at $132.38 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69. The firm has a market cap of $13.59 billion, a P/E ratio of 8.86, a PEG ratio of 1.00 and a beta of 1.67. The stock’s 50-day moving average is $119.95 and its two-hundred day moving average is $114.80. Toll Brothers has a fifty-two week low of $68.08 and a fifty-two week high of $135.37.

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

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 24,721 shares in the company, valued at approximately $3,012,006.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Martin P. Connor sold 3,806 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total transaction of $463,723.04. Following the completion of the transaction, the chief financial officer now owns 24,721 shares in the company, valued at approximately $3,012,006.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin P. Connor sold 16,194 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $118.74, for a total value of $1,922,875.56. Following the transaction, the chief financial officer now owns 28,527 shares of the company’s stock, valued at approximately $3,387,295.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,170 shares of company stock worth $2,407,335. 1.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Toll Brothers

Several hedge funds and other institutional investors have recently modified their holdings of TOL. Comerica Bank bought a new position in shares of Toll Brothers during the 3rd quarter worth approximately $5,339,000. Diversified Trust Co bought a new position in Toll Brothers in the 4th quarter valued at $265,000. Raymond James Trust N.A. bought a new position in Toll Brothers in the 4th quarter valued at $258,000. Handelsinvest Investeringsforvaltning bought a new position in Toll Brothers in the 4th quarter valued at $566,000. Finally, Bremer Bank National Association raised its position in Toll Brothers by 2.0% in the 4th quarter. Bremer Bank National Association now owns 27,731 shares of the construction company’s stock valued at $2,850,000 after purchasing an additional 555 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

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.