Toll Brothers (NYSE:TOL) Price Target Raised to $184.00

Toll Brothers (NYSE:TOL) had its price objective boosted by Evercore ISI from $181.00 to $184.00 in a report published on Wednesday,Benzinga reports. The firm currently has an outperform rating on the construction company’s stock.

A number of other research analysts have also commented on the company. Bank of America increased their price objective on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Royal Bank of Canada raised their price target on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wedbush restated an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research report on Wednesday. Keefe, Bruyette & Woods lowered Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $168.00 to $164.00 in a research report on Tuesday. Finally, Oppenheimer raised 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.53.

Toll Brothers Stock Down 3.3 %

Shares of TOL opened at $133.86 on Wednesday. The firm has a market capitalization of $13.52 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 1.07 and a beta of 1.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92. The business’s fifty day moving average price is $153.40 and its two-hundred day moving average price is $139.08. Toll Brothers has a 52 week low of $95.46 and a 52 week high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $4.11 EPS. On average, analysts predict that Toll Brothers will post 14.55 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Friday, January 10th. Toll Brothers’s dividend payout ratio is 6.12%.

Insider Buying and Selling at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $154.51, for a total value of $7,725,500.00. Following the completion of the transaction, the chief executive officer now owns 246,382 shares in the company, valued at $38,068,482.82. This trade represents a 16.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $155.44, for a total value of $777,200.00. Following the completion of the transaction, the chief financial officer now owns 9,721 shares of the company’s stock, valued at $1,511,032.24. The trade was a 33.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,000 shares of company stock valued at $16,435,800 in the last 90 days. 1.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Toll Brothers

Several hedge funds have recently modified their holdings of the stock. Old North State Trust LLC grew its holdings in shares of Toll Brothers by 7.4% in the 3rd quarter. Old North State Trust LLC now owns 2,069 shares of the construction company’s stock valued at $320,000 after acquiring an additional 143 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Toll Brothers by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock valued at $27,659,000 after acquiring an additional 9,195 shares in the last quarter. Peapack Gladstone Financial Corp bought a new position in shares of Toll Brothers in the 3rd quarter valued at about $263,000. Tidal Investments LLC bought a new position in Toll Brothers during the third quarter worth about $258,000. Finally, Wilmington Savings Fund Society FSB grew its holdings in Toll Brothers by 39.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 12,559 shares of the construction company’s stock worth $1,940,000 after purchasing an additional 3,570 shares during the period. Institutional investors 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.