Analysts Set Toll Brothers, Inc. (NYSE:TOL) Price Target at $144.67

Shares of Toll Brothers, Inc. (NYSE:TOL) have earned an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $144.67.

Several brokerages recently commented on TOL. The Goldman Sachs Group raised Toll Brothers from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $112.00 to $124.00 in a report on Monday, June 17th. Barclays upped their price objective on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a research report on Wednesday, August 21st. Finally, Argus raised their price objective on shares of Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, June 6th.

Toll Brothers Price Performance

Shares of TOL opened at $138.78 on Monday. Toll Brothers has a one year low of $68.08 and a one year high of $149.77. The stock’s fifty day moving average is $130.99 and its 200-day moving average is $124.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The firm has a market capitalization of $14.01 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 1.14 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating the consensus estimate of $3.31 by $0.29. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. Toll Brothers’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $3.73 EPS. Equities analysts anticipate that Toll Brothers will post 13.31 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were given a $0.23 dividend. The ex-dividend date was Friday, July 5th. This represents a $0.92 annualized dividend and a dividend yield of 0.66%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Insiders Place Their Bets

In other news, CFO Martin P. Connor sold 3,806 shares of the stock in a transaction 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 $3,012,006.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the transaction, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at $51,087,881.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 3,806 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total transaction of $463,723.04. Following the transaction, the chief financial officer now owns 24,721 shares in the company, valued at $3,012,006.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 114,063 shares of company stock worth $16,630,075. Corporate insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Register Financial Advisors LLC bought a new stake in shares of Toll Brothers in the 1st quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Toll Brothers in the second quarter worth approximately $29,000. Massmutual Trust Co. FSB ADV increased its stake in shares of Toll Brothers by 114.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after purchasing an additional 142 shares during the last quarter. Contravisory Investment Management Inc. bought a new position in shares of Toll Brothers during the 1st quarter valued at $34,000. Finally, Rise Advisors LLC acquired a new stake in shares of Toll Brothers in the 1st quarter valued at $35,000. 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.