Toll Brothers Inc. (NYSE:TOL) Given Average Recommendation of “Moderate Buy” by Brokerages

Toll Brothers Inc. (NYSE:TOLGet Free Report) has earned a consensus rating of “Moderate Buy” from the nineteen research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $165.25.

TOL has been the topic of a number of recent research reports. Zacks Research upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Truist Financial initiated coverage on shares of Toll Brothers in a research report on Wednesday, March 4th. They set a “buy” rating and a $190.00 target price on the stock. JPMorgan Chase & Co. upped their price target on Toll Brothers from $141.00 to $143.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. Finally, Citigroup upped their price objective on Toll Brothers from $141.00 to $162.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th.

Read Our Latest Stock Analysis on TOL

Toll Brothers Stock Down 3.8%

TOL stock opened at $137.86 on Friday. The firm has a market cap of $13.06 billion, a PE ratio of 9.85, a P/E/G ratio of 1.12 and a beta of 1.45. Toll Brothers has a 12 month low of $86.67 and a 12 month high of $168.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.57 and a quick ratio of 0.62. The firm has a 50 day simple moving average of $150.03 and a 200 day simple moving average of $141.62.

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

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, April 10th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.25. Toll Brothers’s dividend payout ratio is 7.14%.

Insider Activity at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total value of $7,237,508.72. Following the transaction, the chief executive officer owned 321,256 shares of the company’s stock, valued at approximately $51,535,887.52. This represents a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul E. Shapiro sold 3,965 shares of Toll Brothers stock in a transaction dated 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 represents a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is owned by insiders.

Institutional Trading of Toll Brothers

Hedge funds have recently modified their holdings of the stock. Candriam S.C.A. acquired a new stake in shares of Toll Brothers during the 3rd quarter valued at $5,407,000. Moody Aldrich Partners LLC increased its holdings in Toll Brothers by 93.7% in the third quarter. Moody Aldrich Partners LLC now owns 27,234 shares of the construction company’s stock worth $3,762,000 after purchasing an additional 13,175 shares in the last quarter. Alps Advisors Inc. acquired a new position in shares of Toll Brothers during the 3rd quarter valued at $6,929,000. Allianz Asset Management GmbH raised its holdings in shares of Toll Brothers by 11.1% during the third quarter. Allianz Asset Management GmbH now owns 226,911 shares of the construction company’s stock valued at $31,345,000 after purchasing an additional 22,687 shares during the period. Finally, Advisors Capital Management LLC acquired a new position in Toll Brothers during the 3rd quarter worth approximately $2,514,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

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About Toll Brothers

(Get Free Report)

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.

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Analyst Recommendations for Toll Brothers (NYSE:TOL)

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