Toll Brothers (NYSE:TOL) Research Coverage Started at Morgan Stanley

Morgan Stanley started coverage on shares of Toll Brothers (NYSE:TOL) in a research note published on Thursday, MarketBeat Ratings reports. The firm issued an overweight rating and a $159.00 target price on the construction company’s stock.

A number of other research firms also recently commented on TOL. Barclays raised their target price on Toll Brothers from $115.00 to $122.00 and gave the company an “underweight” rating in a report on Tuesday, July 14th. Truist Financial increased their price target on shares of Toll Brothers from $165.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Keefe, Bruyette & Woods raised their price objective on shares of Toll Brothers from $161.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, August 28th. Benchmark assumed coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They set a “buy” rating on the stock. Finally, Citigroup upped their target price on shares of Toll Brothers from $176.00 to $179.00 and gave the stock a “buy” rating in a research report on Friday, August 21st. Fourteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $166.40.

Toll Brothers Stock Performance

NYSE TOL opened at $136.57 on Thursday. The company has a current ratio of 4.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $143.02 and its two-hundred day moving average is $143.18. Toll Brothers has a 12-month low of $123.14 and a 12-month high of $168.36. The stock has a market capitalization of $12.58 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 1.10 and a beta of 1.31.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.04. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the business posted $3.73 EPS. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. Research analysts expect that Toll Brothers will post 12.8 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be given a $0.26 dividend. The ex-dividend date is Friday, October 9th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. Toll Brothers’s dividend payout ratio (DPR) is currently 8.35%.

Insider Activity

In related news, Director Stephen East sold 800 shares of the business’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $135.99, for a total value of $108,792.00. Following the sale, the director directly owned 12,642 shares in the company, valued at $1,719,185.58. The trade was a 5.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On Toll Brothers

A number of large investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC grew its holdings in shares of Toll Brothers by 21.9% during the 4th quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock valued at $53,000 after acquiring an additional 70 shares in the last quarter. Hilton Head Capital Partners LLC raised its holdings in shares of Toll Brothers by 65.5% during the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after acquiring an additional 74 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Toll Brothers by 4.7% during the first quarter. Bessemer Group Inc. now owns 1,771 shares of the construction company’s stock worth $242,000 after acquiring an additional 80 shares in the last quarter. Allegiance Financial Group Advisory Services LLC boosted its position in Toll Brothers by 4.2% during the second quarter. Allegiance Financial Group Advisory Services LLC now owns 2,000 shares of the construction company’s stock valued at $330,000 after purchasing an additional 80 shares during the last quarter. Finally, Atria Investments Inc boosted its position in Toll Brothers by 1.9% during the second quarter. Atria Investments Inc now owns 4,345 shares of the construction company’s stock valued at $716,000 after purchasing an additional 83 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Company Profile

Toll Brothers, Inc is a U.S. luxury homebuilder that designs, constructs, markets and sells single-family homes, townhomes and condominiums. The company serves move-up, luxury, active-adult and urban buyers, offering homes in a range of architectural styles and price points.

Founded in 1967 by brothers Robert I. Toll and Bruce E. Toll, the company develops residential communities on land it acquires and prepares for construction. Its operations also include related services such as mortgage financing, title and settlement services, and property development through its Toll Brothers Apartment Living and Toll Brothers City Living businesses.

Toll Brothers operates across numerous metropolitan and suburban markets in the United States, with a presence in regions including the Northeast, Mid-Atlantic, Southeast, Texas, the Midwest, Arizona and the West Coast.