Toll Brothers, Inc. (NYSE:TOL) Given Consensus Rating of “Moderate Buy” by Brokerages

Toll Brothers, Inc. (NYSE:TOL) has been given an average recommendation of “Moderate Buy” by the sixteen analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $129.07.

A number of equities research analysts recently commented on TOL shares. JPMorgan Chase & Co. upped their price target on shares of Toll Brothers from $127.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Citigroup boosted their price objective on shares of Toll Brothers from $138.00 to $139.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. Oppenheimer boosted their price objective on shares of Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. UBS Group upped their target price on shares of Toll Brothers from $140.00 to $154.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Finally, The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and upped their target price for the stock from $112.00 to $124.00 in a research report on Monday.

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 16,194 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $118.74, for a total value of $1,922,875.56. Following the completion of the sale, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at approximately $3,387,295.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the sale, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at approximately $3,387,295.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen F. East sold 1,500 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the sale, the director now directly owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The disclosure for this sale can be found here. Insiders have sold 21,670 shares of company stock worth $2,586,315 in the last quarter. Company insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. J.Safra Asset Management Corp boosted its stake in Toll Brothers by 28.9% during the first quarter. J.Safra Asset Management Corp now owns 419 shares of the construction company’s stock worth $54,000 after buying an additional 94 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Toll Brothers by 35.7% during the first quarter. Venturi Wealth Management LLC now owns 399 shares of the construction company’s stock valued at $52,000 after acquiring an additional 105 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Toll Brothers by 13.8% during the first quarter. GAMMA Investing LLC now owns 873 shares of the construction company’s stock valued at $113,000 after acquiring an additional 106 shares in the last quarter. Baker Avenue Asset Management LP increased its holdings in Toll Brothers by 23.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock worth $50,000 after buying an additional 127 shares during the period. Finally, Gratus Wealth Advisors LLC increased its holdings in Toll Brothers by 4.1% in the 1st quarter. Gratus Wealth Advisors LLC now owns 4,758 shares of the construction company’s stock worth $616,000 after buying an additional 188 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $117.40 on Wednesday. Toll Brothers has a 12 month low of $68.08 and a 12 month high of $135.37. The stock has a market cap of $12.05 billion, a P/E ratio of 8.02, a P/E/G ratio of 0.97 and a beta of 1.66. The company has a current ratio of 4.59, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $121.21 and a 200 day moving average of $112.51.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). The business 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 was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.85 earnings per share. As a group, sell-side analysts forecast that Toll Brothers will post 12.94 EPS for the current fiscal year.

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.