Brokerages Set Toll Brothers, Inc. (NYSE:TOL) Price Target at $147.07

Shares of Toll Brothers, Inc. (NYSE:TOL) have been given an average recommendation of “Moderate Buy” by the sixteen analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $147.07.

A number of equities research analysts recently weighed in on TOL shares. Wedbush boosted their price target on shares of Toll Brothers from $120.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday, August 27th. Wells Fargo & Company boosted their target price on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Bank of America raised their price target on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Barclays lifted their price target on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, August 22nd. Finally, Citigroup decreased their price objective on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd.

Toll Brothers Stock Up 2.6 %

Shares of NYSE TOL opened at $150.71 on Tuesday. The business has a 50-day moving average of $147.52 and a two-hundred day moving average of $131.39. The company has a market capitalization of $15.47 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 1.19 and a beta of 1.66. Toll Brothers has a 1 year low of $68.08 and a 1 year high of $160.12. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the previous year, the business earned $3.73 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year. On average, analysts forecast that Toll Brothers will post 13.51 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.61%. Toll Brothers’s dividend payout ratio is currently 6.28%.

Insider Buying and Selling at Toll Brothers

In other news, Director John A. Mclean sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Martin P. Connor sold 22,673 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the sale, the chief financial officer now owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John A. Mclean sold 1,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,257 shares of company stock valued at $32,602,152. 1.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Toll Brothers

Institutional investors have recently modified their holdings of the company. Register Financial Advisors LLC acquired a new position in Toll Brothers during the first quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Toll Brothers during the 2nd quarter worth $29,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Toll Brothers by 114.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after buying an additional 142 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Toll Brothers by 202.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock valued at $38,000 after acquiring an additional 223 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after acquiring an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

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.