Toll Brothers, Inc. (NYSE:TOL) Receives $131.25 Average Price Target from Analysts

Toll Brothers, Inc. (NYSE:TOL) has received an average rating of “Moderate Buy” from the seventeen analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $131.25.

TOL has been the topic of a number of research analyst reports. Argus upped their target price on shares of Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Royal Bank of Canada upped their price objective on Toll Brothers from $122.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Citigroup decreased their price objective on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and raised their price objective for the company from $112.00 to $124.00 in a research note on Monday, June 17th. Finally, Evercore ISI raised their price target on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, July 15th.

Toll Brothers Stock Up 0.1 %

TOL stock opened at $127.65 on Thursday. The company has a quick ratio of 0.69, a current ratio of 4.59 and a debt-to-equity ratio of 0.39. The business’s 50-day simple moving average is $122.98 and its 200 day simple moving average is $119.16. The company has a market cap of $13.10 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 1.04 and a beta of 1.67. Toll Brothers has a twelve month low of $68.08 and a twelve month high of $146.75.

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

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Friday, July 5th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 3,806 shares of Toll Brothers stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total value of $463,723.04. Following the transaction, the chief financial officer now directly owns 24,721 shares in the company, valued at approximately $3,012,006.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin P. Connor sold 16,194 shares of the business’s stock in a transaction dated 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 sale, 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. Over the last quarter, insiders have sold 20,170 shares of company stock valued at $2,407,335. 1.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Toll Brothers

Large investors have recently added to or reduced their stakes in the stock. Voss Capital LLC purchased a new stake in shares of Toll Brothers during the fourth quarter valued at $8,223,000. Ossiam increased its position in shares of Toll Brothers by 122.8% during the fourth quarter. Ossiam now owns 7,547 shares of the construction company’s stock valued at $776,000 after purchasing an additional 4,159 shares during the period. Jennison Associates LLC increased its position in shares of Toll Brothers by 41.2% during the fourth quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock valued at $85,819,000 after purchasing an additional 243,553 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Toll Brothers by 36.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 31,727 shares of the construction company’s stock valued at $4,105,000 after buying an additional 8,474 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in Toll Brothers by 46.7% in the 1st quarter. Private Advisor Group LLC now owns 25,870 shares of the construction company’s stock valued at $3,347,000 after buying an additional 8,234 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

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.