Toll Brothers (NYSE:TOL) Stock Gets Price Target Trim from Royal Bank Of Canada

Toll Brothers (NYSE:TOL) had its price objective lowered by research analysts at Royal Bank Of Canada from $158.00 to $148.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 10.59% from the stock’s previous close.

Several other research analysts have also recently commented on TOL. UBS Group increased their price target on Toll Brothers from $187.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Barclays lowered their price target on Toll Brothers from $122.00 to $118.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 6th. Truist Financial boosted their price target on Toll Brothers from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Melius Research began coverage on Toll Brothers in a research note on Tuesday, October 6th. They set a “buy” rating and a $179.00 price objective on the stock. Finally, Evercore set a $184.00 price objective on Toll Brothers in a report on Friday, September 25th. Fourteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $167.40.

Toll Brothers Stock Up 2.6%

Shares of Toll Brothers stock traded up $3.41 during trading hours on Thursday, reaching $133.82. 261,003 shares of the company’s stock were exchanged, compared to its average volume of 1,123,645. The company has a 50 day moving average of $140.21 and a two-hundred day moving average of $143.04. Toll Brothers has a fifty-two week low of $123.14 and a fifty-two week high of $168.36. 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 stock has a market cap of $12.33 billion, a P/E ratio of 10.73, a P/E/G ratio of 1.07 and a beta of 1.31.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.04. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%. Toll Brothers’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.73 EPS. On average, sell-side analysts forecast that Toll Brothers will post 12.80 EPS for the current fiscal year.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Stephen East sold 800 shares of the company’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $135.99, for a total value of $108,792.00. Following the sale, the director owned 12,642 shares in the company, valued at $1,719,185.58. This represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Toll Brothers during the 2nd quarter valued at $1,610,696,000. Bamco Inc. NY bought a new position in Toll Brothers during the second quarter worth $166,250,000. Bank of New York Mellon Corp acquired a new position in shares of Toll Brothers in the second quarter valued at $164,804,000. Bank of America Corp DE acquired a new position in shares of Toll Brothers in the second quarter valued at $125,912,000. Finally, Jupiter Topco LLC acquired a new position in shares of Toll Brothers in the second quarter valued at $88,646,000. 91.76% of the stock is currently owned by institutional investors.

About Toll Brothers

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.