Zacks Research Equities Analysts Raise Earnings Estimates for Toll Brothers, Inc. (NYSE:TOL)

Toll Brothers, Inc. (NYSE:TOL) – Zacks Research boosted their Q4 2024 earnings per share (EPS) estimates for Toll Brothers in a report issued on Tuesday, September 17th. Zacks Research analyst S. Mukherjee now forecasts that the construction company will post earnings of $4.24 per share for the quarter, up from their prior estimate of $4.23. The consensus estimate for Toll Brothers’ current full-year earnings is $13.31 per share. Zacks Research also issued estimates for Toll Brothers’ Q4 2025 earnings at $4.71 EPS, Q3 2026 earnings at $4.42 EPS and FY2026 earnings at $16.41 EPS.

A number of other brokerages have also commented on TOL. Oppenheimer upped their price objective on shares of Toll Brothers from $157.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $142.00 price objective on shares of Toll Brothers in a research report on Wednesday, August 21st. Bank of America boosted their price objective on Toll Brothers from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Royal Bank of Canada raised their target price on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus target price of $144.67.

Toll Brothers Price Performance

NYSE:TOL opened at $150.15 on Thursday. 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 has a one year low of $68.08 and a one year high of $154.62. The company has a fifty day moving average price of $136.45 and a 200 day moving average price of $126.09. The stock has a market cap of $15.16 billion, a P/E ratio of 10.26, a PEG ratio of 1.23 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last issued its quarterly 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. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $3.73 EPS.

Institutional Investors Weigh In On Toll Brothers

Institutional investors have recently modified their holdings of the business. Norges Bank bought a new position in Toll Brothers during the fourth quarter worth about $128,982,000. PNC Financial Services Group Inc. raised its stake in shares of Toll Brothers by 2.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 20,656 shares of the construction company’s stock valued at $2,123,000 after purchasing an additional 444 shares during the period. Thoroughbred Financial Services LLC raised its position in Toll Brothers by 29.1% in the 4th quarter. Thoroughbred Financial Services LLC now owns 4,435 shares of the construction company’s stock valued at $455,000 after buying an additional 1,000 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Toll Brothers by 13.6% in the 4th quarter. Wells Fargo & Company MN now owns 227,495 shares of the construction company’s stock valued at $23,384,000 after acquiring an additional 27,181 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new position in Toll Brothers during the 4th quarter worth approximately $630,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 22,673 shares of the firm’s 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 completion of the sale, the chief financial officer now directly owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Martin P. Connor sold 22,673 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total value of $3,248,587.44. Following the completion of the sale, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at $51,087,881.18. The disclosure for this sale can be found here. 1.54% of the stock is owned by company insiders.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is currently 6.28%.

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.