Brokerages Set Toll Brothers, Inc. (NYSE:TOL) Target Price at $148.87

Shares of Toll Brothers, Inc. (NYSE:TOL) have earned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $148.87.

Several equities analysts have recently weighed in on TOL shares. Bank of America lifted their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Royal Bank of Canada upped their price objective on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Barclays lifted their price target on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Finally, Oppenheimer increased their price target on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd.

Toll Brothers Price Performance

NYSE:TOL opened at $151.96 on Friday. The firm’s fifty day moving average is $151.51 and its two-hundred day moving average is $135.71. The firm has a market cap of $15.34 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 1.14 and a beta of 1.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. Toll Brothers has a one year low of $84.40 and a one year high of $160.12.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS 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 for the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the company earned $3.73 earnings per share. Toll Brothers’s revenue for the quarter was up 1.5% compared to the same quarter last year. Research analysts expect that Toll Brothers will post 13.53 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is 6.34%.

Insider Transactions at Toll Brothers

In other news, CFO Martin P. Connor sold 22,673 shares of Toll Brothers stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the transaction, the chief financial officer now owns 14,721 shares in the company, valued at $2,109,224.88. The trade was a 60.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John A. Mclean sold 1,000 shares of the company’s 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 sale, the director now directly owns 9,944 shares of the company’s stock, valued at $1,502,538.40. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 216,257 shares of company stock worth $32,602,152 in the last ninety days. Insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC increased its position in shares of Toll Brothers by 175.5% during the 3rd quarter. Virtu Financial LLC now owns 8,477 shares of the construction company’s stock worth $1,310,000 after purchasing an additional 5,400 shares during the last quarter. Invst LLC purchased a new position in Toll Brothers during the third quarter worth about $262,000. TCW Group Inc. increased its position in shares of Toll Brothers by 3.1% during the third quarter. TCW Group Inc. now owns 77,974 shares of the construction company’s stock valued at $12,046,000 after acquiring an additional 2,328 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Toll Brothers by 59.9% in the 3rd quarter. Toronto Dominion Bank now owns 3,197 shares of the construction company’s stock valued at $494,000 after acquiring an additional 1,197 shares during the period. Finally, Coldstream Capital Management Inc. lifted its holdings in shares of Toll Brothers by 32.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 24,965 shares of the construction company’s stock worth $3,842,000 after acquiring an additional 6,106 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

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.