Toll Brothers, Inc. (NYSE:TOL) Receives $128.00 Average Price Target from Brokerages

Shares of Toll Brothers, Inc. (NYSE:TOL) have received an average rating of “Moderate Buy” from the seventeen brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $131.25.

Several analysts recently issued reports on TOL shares. Wedbush reissued a “neutral” rating and issued a $105.00 price target on shares of Toll Brothers in a report on Wednesday, May 22nd. Argus lifted their target price on Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Barclays cut their target price on Toll Brothers from $118.00 to $116.00 and set an “underweight” rating on the stock in a research note on Friday, July 12th. UBS Group lifted their target price on Toll Brothers from $140.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, StockNews.com raised Toll Brothers from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th.

Toll Brothers Price Performance

Shares of TOL opened at $131.55 on Friday. The firm has a market cap of $13.50 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 1.07 and a beta of 1.67. The stock has a 50 day moving average of $120.34 and a 200-day moving average of $115.51. The company has a current ratio of 4.59, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. Toll Brothers has a 52 week low of $68.08 and a 52 week high of $137.20.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.13 by ($0.75). The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.58 billion. Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the business posted $2.85 EPS. As a group, analysts forecast that Toll Brothers will post 12.94 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, July 5th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Insider Buying and Selling

In other news, CFO Martin P. Connor sold 16,194 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the sale, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Martin P. Connor sold 3,806 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total transaction of $463,723.04. Following the sale, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at $3,012,006.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 16,194 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $118.74, for a total value of $1,922,875.56. Following the sale, the chief financial officer now directly owns 28,527 shares in the company, valued at $3,387,295.98. The disclosure for this sale can be found here. Insiders have sold 20,170 shares of company stock worth $2,407,335 in the last three months. 1.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Toll Brothers by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock valued at $1,158,255,000 after buying an additional 216,849 shares during the period. Greenhaven Associates Inc. raised its position in Toll Brothers by 1.0% during the second quarter. Greenhaven Associates Inc. now owns 5,565,787 shares of the construction company’s stock valued at $641,067,000 after buying an additional 52,893 shares during the period. Dimensional Fund Advisors LP raised its position in Toll Brothers by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,620,912 shares of the construction company’s stock valued at $372,198,000 after buying an additional 14,449 shares during the period. Pacer Advisors Inc. raised its position in Toll Brothers by 12.4% during the fourth quarter. Pacer Advisors Inc. now owns 2,041,569 shares of the construction company’s stock valued at $209,853,000 after buying an additional 225,354 shares during the period. Finally, Norges Bank acquired a new position in Toll Brothers during the fourth quarter valued at $128,982,000. 91.76% of the stock is owned by institutional investors and hedge funds.

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.