Toll Brothers (NYSE:TOL) Price Target Raised to $170.00 at Keefe, Bruyette & Woods

Toll Brothers (NYSE:TOL) had its target price hoisted by analysts at Keefe, Bruyette & Woods from $143.00 to $170.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the construction company’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 6.60% from the company’s current price.

A number of other research analysts have also issued reports on TOL. Citigroup assumed coverage on shares of Toll Brothers in a report on Wednesday, January 7th. They issued an “outperform” rating on the stock. BTIG Research assumed coverage on shares of Toll Brothers in a research report on Monday, December 1st. They issued a “neutral” rating for the company. Wells Fargo & Company raised their target price on shares of Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Citizens Jmp reiterated a “market outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a report on Wednesday, February 18th. Finally, Royal Bank Of Canada lifted their price objective on Toll Brothers from $144.00 to $161.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $162.20.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $159.48 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 4.57. The business’s fifty day moving average price is $147.10 and its two-hundred day moving average price is $140.15. The stock has a market cap of $15.11 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 1.24 and a beta of 1.47. Toll Brothers has a one year low of $86.67 and a one year high of $168.36.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, February 17th. The construction company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.14. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $1.86 billion. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The business’s revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.75 earnings per share. On average, analysts forecast that Toll Brothers will post 13.83 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Paul E. Shapiro sold 3,965 shares of Toll Brothers stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $146.68, for a total value of $581,586.20. Following the transaction, the director owned 118,680 shares in the company, valued at approximately $17,407,982.40. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

A number of large investors have recently modified their holdings of TOL. Wiser Advisor Group LLC acquired a new position in shares of Toll Brothers in the 3rd quarter valued at about $27,000. Pinnacle Holdings LLC acquired a new stake in Toll Brothers during the 4th quarter worth approximately $27,000. Abich Financial Wealth Management LLC purchased a new position in Toll Brothers in the third quarter valued at approximately $28,000. Ramirez Asset Management Inc. acquired a new position in Toll Brothers during the third quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in Toll Brothers during the third quarter valued at approximately $29,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

About Toll Brothers

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.