Toll Brothers Inc. (NYSE:TOL) Receives Average Rating of “Moderate Buy” from Brokerages

Toll Brothers Inc. (NYSE:TOL) has been given an average rating of “Moderate Buy” by the twenty-one research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $163.5625.

Several research firms have weighed in on TOL. Evercore reissued an “outperform” rating and set a $185.00 target price on shares of Toll Brothers in a research report on Thursday, May 21st. Royal Bank Of Canada reiterated an “outperform” rating and set a $158.00 price objective on shares of Toll Brothers in a research note on Thursday, June 11th. Seaport Research Partners reissued a “neutral” rating on shares of Toll Brothers in a report on Tuesday, April 7th. Piper Sandler downgraded Toll Brothers from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 9th. Finally, Truist Financial reduced their target price on Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, May 21st.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $145.86 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. The company has a market cap of $13.63 billion, a PE ratio of 11.03, a P/E/G ratio of 1.25 and a beta of 1.34. The business has a 50-day simple moving average of $143.98 and a two-hundred day simple moving average of $144.68. Toll Brothers has a fifty-two week low of $113.52 and a fifty-two week high of $168.36.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.14. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.50 earnings per share. As a group, equities analysts expect that Toll Brothers will post 12.69 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, July 10th. Toll Brothers’s payout ratio is presently 7.87%.

Insider Activity

In other news, Director Stephen F. East sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total value of $139,700.00. Following the completion of the transaction, the director directly owned 13,442 shares in the company, valued at $1,877,847.40. This trade represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $149.66, for a total value of $1,122,450.00. Following the sale, the chief operating officer directly owned 23,457 shares of the company’s stock, valued at $3,510,574.62. This trade represents a 24.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 86,457 shares of company stock valued at $13,468,657. Company insiders own 1.37% of the company’s stock.

Institutional Trading of Toll Brothers

Several large investors have recently made changes to their positions in TOL. Greenhaven Associates Inc. increased its stake in shares of Toll Brothers by 0.4% in the fourth quarter. Greenhaven Associates Inc. now owns 5,603,187 shares of the construction company’s stock worth $757,663,000 after acquiring an additional 22,218 shares during the period. Capital World Investors lifted its position in Toll Brothers by 51.5% during the third quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock valued at $716,625,000 after purchasing an additional 1,763,211 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Toll Brothers by 2,067.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock valued at $446,756,000 after purchasing an additional 3,151,509 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Toll Brothers by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company’s stock valued at $408,062,000 after purchasing an additional 100,718 shares during the last quarter. Finally, Holocene Advisors LP boosted its holdings in Toll Brothers by 78.0% in the third quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock valued at $307,263,000 after purchasing an additional 974,567 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Company Profile

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.