Brokerages Set Toll Brothers, Inc. (NYSE:TOL) Target Price at $156.00

Toll Brothers, Inc. (NYSE:TOL) has been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $156.00.

TOL has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $168.00 to $164.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 price target (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Wedbush reissued an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a report on Wednesday, December 11th. Finally, Evercore ISI upped their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th.

Toll Brothers Price Performance

Shares of TOL stock opened at $135.88 on Thursday. The firm has a fifty day simple moving average of $137.97 and a 200-day simple moving average of $142.47. The company has a market capitalization of $13.59 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 1.17 and a beta of 1.74. Toll Brothers has a twelve month low of $97.45 and a twelve month high of $169.52. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the company posted $4.11 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts anticipate that Toll Brothers will post 14.15 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Friday, January 10th. Toll Brothers’s payout ratio is 6.12%.

Insider Activity at Toll Brothers

In related news, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the sale, the director now directly owns 7,728 shares in the company, valued at $972,027.84. This trade represents a 2.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,202 shares of company stock worth $1,947,436 in the last 90 days. 1.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TOL. Atria Wealth Solutions Inc. grew its position in Toll Brothers by 66.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 7,950 shares of the construction company’s stock valued at $1,001,000 after buying an additional 3,164 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Toll Brothers by 47.7% in the fourth quarter. Venturi Wealth Management LLC now owns 1,028 shares of the construction company’s stock valued at $129,000 after acquiring an additional 332 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Toll Brothers by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 3,223 shares of the construction company’s stock valued at $406,000 after acquiring an additional 169 shares during the period. Principal Securities Inc. raised its holdings in Toll Brothers by 25.2% during the fourth quarter. Principal Securities Inc. now owns 541 shares of the construction company’s stock worth $68,000 after purchasing an additional 109 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Toll Brothers by 136.3% in the fourth quarter. Blue Trust Inc. now owns 834 shares of the construction company’s stock worth $105,000 after purchasing an additional 481 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

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.