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

Shares of Toll Brothers, Inc. (NYSE:TOL) have received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $148.87.

A number of brokerages have weighed in on TOL. Wells Fargo & Company boosted their price target on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Wedbush upgraded Toll Brothers from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $148.00 to $175.00 in a research note on Friday, October 25th. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Seaport Res Ptn cut Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $142.00 target price on shares of Toll Brothers in a research note on Wednesday, August 21st.

Insider Activity at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $51,087,881.18. This trade represents a 20.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John A. Mclean sold 1,000 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value of $151,100.00. Following the sale, the director now owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. The trade was a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 216,257 shares of company stock worth $32,602,152 over the last three months. Company insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Large investors have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new position in Toll Brothers in the 3rd quarter valued at about $27,000. Brooklyn Investment Group bought a new position in shares of Toll Brothers during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC lifted its position in shares of Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Toll Brothers during the 2nd quarter worth approximately $29,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Toll Brothers by 114.5% during 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. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

NYSE:TOL opened at $152.47 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The stock’s 50-day simple moving average is $151.01 and its 200 day simple moving average is $135.29. The company has a market cap of $15.40 billion, a P/E ratio of 10.52, a P/E/G ratio of 1.14 and a beta of 1.68. Toll Brothers has a 52-week low of $84.40 and a 52-week high of $160.12.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.29. The firm 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 business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.73 earnings per share. As a group, sell-side analysts forecast that Toll Brothers will post 13.53 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a $0.23 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a yield of 0.60%. Toll Brothers’s payout ratio is 6.34%.

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.