Toll Brothers (NYSE:TOL) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Toll Brothers (NYSE:TOL) had its price objective upped by research analysts at Royal Bank of Canada from $143.00 to $150.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the construction company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 4.25% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Barclays increased their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. Wedbush reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a report on Wednesday. Bank of America increased their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Keefe, Bruyette & Woods cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $168.00 to $164.00 in a report on Tuesday. Finally, Oppenheimer increased their target price on shares of Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $150.80.

Toll Brothers Stock Performance

Shares of NYSE:TOL traded down $1.72 on Wednesday, reaching $143.88. The company’s stock had a trading volume of 596,700 shares, compared to its average volume of 1,355,742. The stock’s 50-day moving average is $153.92 and its two-hundred day moving average is $139.06. Toll Brothers has a 52-week low of $91.92 and a 52-week high of $169.52. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The stock has a market capitalization of $14.53 billion, a P/E ratio of 9.87, a PEG ratio of 1.16 and a beta of 1.69.

Toll Brothers (NYSE:TOL) last announced its earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the company earned $4.11 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Toll Brothers will post 13.52 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the transaction, the chief executive officer now owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. This trade represents a 10.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John A. Mclean sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares in the company, valued at approximately $1,502,538.40. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,000 shares of company stock valued at $16,435,800 over the last quarter. Company insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Hedge funds have recently made changes to their positions in the business. Capital Performance Advisors LLP purchased a new stake in Toll Brothers during the 3rd quarter worth $27,000. Brooklyn Investment Group purchased a new stake in Toll Brothers during the 3rd quarter worth $27,000. Larson Financial Group LLC increased its stake in Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Toll Brothers by 202.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after acquiring an additional 223 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after acquiring an additional 207 shares in the last quarter. Hedge funds and other 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.