Brokerages Set Toll Brothers, Inc. (NYSE:TOL) Price Target at $152.53

Toll Brothers, Inc. (NYSE:TOL) has received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $153.33.

TOL has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lowered Toll Brothers from an “outperform” rating to a “market perform” rating and cut their target price for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. Wells Fargo & Company increased their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Oppenheimer reiterated an “outperform” rating and set a $189.00 target price on shares of Toll Brothers in a research report on Thursday, December 12th. Royal Bank of Canada increased their price target on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Wedbush reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a report on Wednesday, December 11th.

Insider Activity

In other news, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the transaction, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the sale, the chief executive officer now owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. The trade was a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,202 shares of company stock worth $5,903,186. 1.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TOL. Larson Financial Group LLC grew its position 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 buying an additional 66 shares during the period. First Trust Direct Indexing L.P. boosted its stake in Toll Brothers by 1.4% in the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after acquiring an additional 72 shares during the last quarter. First Citizens Bank & Trust Co. grew its holdings in Toll Brothers by 3.7% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock worth $363,000 after acquiring an additional 83 shares during the period. Clifford Swan Investment Counsel LLC raised its position in shares of Toll Brothers by 5.1% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock valued at $212,000 after acquiring an additional 89 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Toll Brothers by 15.1% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock valued at $88,000 after purchasing an additional 92 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Stock Performance

NYSE:TOL opened at $123.84 on Friday. The firm’s 50-day moving average is $145.10 and its 200-day moving average is $140.37. The company has a market cap of $12.39 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 1.00 and a beta of 1.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92. 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 results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period in the previous year, the company posted $4.11 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities research analysts anticipate that Toll Brothers will post 14.57 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers’s payout ratio is presently 6.12%.

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.