Toll Brothers, Inc. (NYSE:TOL) Receives $150.33 Consensus PT from Brokerages

Toll Brothers, Inc. (NYSE:TOL) has been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $152.53.

Several analysts have weighed in on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $189.00 price target on shares of Toll Brothers in a report on Thursday, December 12th. Keefe, Bruyette & Woods lowered 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 research report on Tuesday, December 10th. Bank of America boosted their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Royal Bank of Canada raised their price objective on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Evercore ISI upped their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th.

Insider Buying and Selling at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the transaction, the chief executive officer now owns 246,382 shares in the company, valued at $38,068,482.82. The trade was a 16.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the transaction, the director now directly owns 9,944 shares of the company’s stock, valued at $1,502,538.40. The trade was a 9.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,837 shares of company stock worth $16,950,495. 1.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Toll Brothers

Several hedge funds have recently made changes to their positions in TOL. Capital Performance Advisors LLP purchased a new position in Toll Brothers during the 3rd quarter valued at $27,000. Brooklyn Investment Group bought a new stake in Toll Brothers during the 3rd quarter valued at approximately $27,000. Larson Financial Group LLC grew its holdings in shares of 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 acquiring an additional 66 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Toll Brothers by 202.7% in 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. lifted its stake in shares of Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after purchasing an additional 207 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Stock Performance

Toll Brothers stock opened at $132.73 on Wednesday. Toll Brothers has a 1-year low of $95.46 and a 1-year high of $169.52. The company has a current ratio of 4.92, a quick ratio of 0.57 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $13.40 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 1.00 and a beta of 1.69. The firm’s 50 day simple moving average is $152.39 and its 200 day simple moving average is $139.61.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.29. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.11 earnings per share. As a group, analysts expect that Toll Brothers will post 14.57 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.69%. Toll Brothers’s payout ratio is 6.12%.

About Toll Brothers

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.