Recent Analysts’ Ratings Updates for Toll Brothers (TOL)

A number of firms have modified their ratings and price targets on shares of Toll Brothers (NYSE: TOL) recently:

• 12/13/2024 – Toll Brothers had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $150.00 price target on the stock, down previously from $166.00.
• 12/12/2024 – Toll Brothers had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $189.00 price target on the stock.
• 12/11/2024 – Toll Brothers had its price target raised by analysts at Evercore ISI from $181.00 to $184.00. They now have an “outperform” rating on the stock.
• 12/11/2024 – Toll Brothers had its price target raised by analysts at Royal Bank of Canada from $143.00 to $150.00. They now have an “outperform” rating on the stock.
• 12/11/2024 – Toll Brothers had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $175.00 price target on the stock.
• 12/10/2024 – Toll Brothers was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating. They now have a $164.00 price target on the stock, down previously from $168.00.
• 12/2/2024 – Toll Brothers had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $175.00 price target on the stock.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $128.23 on Friday. 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 company has a market capitalization of $12.95 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 1.00 and a beta of 1.69. The stock has a fifty day moving average of $149.22 and a 200-day moving average of $139.79. Toll Brothers, Inc. has a one year low of $95.46 and a one year high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the business earned $4.11 EPS. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities analysts anticipate that Toll Brothers, Inc. will post 14.57 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, January 10th. Toll Brothers’s dividend payout ratio is currently 6.12%.

Insider Buying and Selling

In related news, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the sale, the director now owns 119,937 shares in the company, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the transaction, the chief executive officer now owns 221,382 shares of the company’s stock, valued at $35,029,273.86. The trade was a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TOL. Franklin Resources Inc. increased its position in 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. World Investment Advisors LLC bought a new position in Toll Brothers in the 3rd quarter worth approximately $12,506,000. Chartwell Investment Partners LLC lifted its holdings in Toll Brothers by 66.5% during the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock worth $5,453,000 after buying an additional 14,092 shares in the last quarter. Avior Wealth Management LLC boosted its position in Toll Brothers by 4,894.1% in the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock valued at $525,000 after buying an additional 3,328 shares during the last quarter. Finally, MML Investors Services LLC raised its position in shares of Toll Brothers by 22.4% during the third quarter. MML Investors Services LLC now owns 23,005 shares of the construction company’s stock worth $3,554,000 after acquiring an additional 4,209 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

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.