Toll Brothers, Inc. (NYSE:TOL) Receives $150.33 Consensus Price Target from Analysts

Toll Brothers, Inc. (NYSE:TOL) has been assigned an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $152.53.

TOL has been the topic of several recent research reports. Wedbush reiterated an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research report on Wednesday. Oppenheimer reaffirmed an “outperform” rating and set a $189.00 price target on shares of Toll Brothers in a report on Thursday. Keefe, Bruyette & Woods lowered Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $168.00 to $164.00 in a report on Tuesday. Royal Bank of Canada lifted their target price on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th.

Insider Buying and Selling

In other Toll Brothers news, Director John A. Mclean sold 1,000 shares of the business’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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were 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. This represents a 16.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,000 shares of company stock worth $16,435,800. Corporate insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TOL. TCW Group Inc. grew its stake in shares of Toll Brothers by 27.9% in the second quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock worth $8,713,000 after acquiring an additional 16,503 shares during the last quarter. Chartwell Investment Partners LLC boosted its position in shares of Toll Brothers by 66.5% during the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after acquiring an additional 14,092 shares in the last quarter. Avior Wealth Management LLC increased its stake in Toll Brothers by 4,894.1% in the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock valued at $525,000 after acquiring an additional 3,328 shares during the period. World Investment Advisors LLC acquired a new position in Toll Brothers in the third quarter worth about $12,506,000. Finally, International Assets Investment Management LLC lifted its stake in Toll Brothers by 62,605.9% during the third quarter. International Assets Investment Management LLC now owns 10,660 shares of the construction company’s stock worth $1,647,000 after purchasing an additional 10,643 shares during the period. 91.76% of the stock is owned by institutional investors.

Toll Brothers Stock Performance

Shares of TOL stock opened at $133.86 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average of $153.40 and a two-hundred day moving average of $139.08. The company has a market cap of $13.52 billion, a P/E ratio of 8.91, a PEG ratio of 1.07 and a beta of 1.69. Toll Brothers has a 52 week low of $95.46 and a 52 week high of $169.52.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business earned $4.11 EPS. As a group, analysts anticipate that Toll Brothers will post 14.55 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 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.