Toll Brothers, Inc. (NYSE:TOL) Receives $128.00 Average Target Price from Brokerages

Shares of Toll Brothers, Inc. (NYSE:TOL) have been assigned a consensus rating of “Moderate Buy” from the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $131.25.

A number of equities research analysts have weighed in on TOL shares. Citigroup reduced their price objective on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Raymond James reiterated a “strong-buy” rating and issued a $145.00 price objective (up previously from $135.00) on shares of Toll Brothers in a research note on Thursday, May 23rd. UBS Group boosted their price objective on Toll Brothers from $140.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Barclays reduced their price objective on Toll Brothers from $118.00 to $116.00 and set an “underweight” rating for the company in a research note on Friday, July 12th. Finally, Argus upped their price target on Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 3,806 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total transaction of $463,723.04. Following the transaction, the chief financial officer now owns 24,721 shares of the company’s stock, valued at $3,012,006.64. The sale was disclosed in a 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 company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $118.74, for a total value of $1,922,875.56. Following the sale, the chief financial officer now owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 3,806 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total value of $463,723.04. Following the completion of the sale, the chief financial officer now directly owns 24,721 shares in the company, valued at approximately $3,012,006.64. The disclosure for this sale can be found here. Insiders have sold 20,170 shares of company stock valued at $2,407,335 over the last quarter. Company insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

Large investors have recently bought and sold shares of the company. Register Financial Advisors LLC acquired a new stake in Toll Brothers in the first quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Toll Brothers in the second quarter valued at $29,000. Massmutual Trust Co. FSB ADV grew its holdings in Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after purchasing an additional 142 shares during the last quarter. Contravisory Investment Management Inc. acquired a new stake in Toll Brothers in the first quarter valued at $34,000. Finally, Rise Advisors LLC acquired a new stake in Toll Brothers in the first quarter valued at $35,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Price Performance

TOL stock opened at $131.55 on Friday. The business has a 50 day moving average price of $120.34 and a 200 day moving average price of $115.51. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 1.07 and a beta of 1.67. Toll Brothers has a fifty-two week low of $68.08 and a fifty-two week high of $137.20. The company has a quick ratio of 0.69, a current ratio of 4.59 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.13 by ($0.75). Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the previous year, the firm earned $2.85 EPS. Toll Brothers’s revenue for the quarter was up 13.2% compared to the same quarter last year. Equities research analysts anticipate that Toll Brothers will post 12.94 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Friday, July 5th. Toll Brothers’s dividend payout ratio is presently 6.28%.

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.