Toll Brothers (NYSE:TOL) Raised to Outperform at Wedbush

Wedbush upgraded shares of Toll Brothers (NYSE:TOL) from a neutral rating to an outperform rating in a research note published on Friday morning, Marketbeat.com reports. The brokerage currently has $175.00 target price on the construction company’s stock, up from their previous target price of $148.00. Wedbush also issued estimates for Toll Brothers’ Q4 2024 earnings at $4.41 EPS, FY2024 earnings at $13.62 EPS, Q3 2025 earnings at $4.40 EPS and FY2025 earnings at $15.00 EPS.

A number of other brokerages have also commented on TOL. Bank of America lifted their price objective on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Evercore ISI raised their price objective on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Citigroup lowered their target price on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Finally, Seaport Res Ptn downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.87.

Toll Brothers Price Performance

Shares of TOL stock opened at $149.02 on Friday. Toll Brothers has a 1 year low of $68.17 and a 1 year high of $160.12. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average is $147.92 and its 200-day moving average is $131.61. The firm has a market capitalization of $15.30 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 1.19 and a beta of 1.66.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.73 EPS. Sell-side analysts forecast that Toll Brothers will post 13.51 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Insider Buying and Selling

In related news, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the sale, the chief executive officer now owns 221,382 shares in the company, valued at approximately $35,029,273.86. The trade was a 0.00 % decrease in their position. The transaction 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 firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the transaction, the director now directly owns 9,944 shares of the company’s stock, valued at $1,502,538.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 216,257 shares of company stock worth $32,602,152 over the last ninety days. Company insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. boosted its stake in shares of Toll Brothers by 36.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 31,727 shares of the construction company’s stock worth $4,105,000 after buying an additional 8,474 shares during the last quarter. Private Advisor Group LLC grew its stake in Toll Brothers by 46.7% in the first quarter. Private Advisor Group LLC now owns 25,870 shares of the construction company’s stock valued at $3,347,000 after purchasing an additional 8,234 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Toll Brothers by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 40,465 shares of the construction company’s stock worth $5,235,000 after purchasing an additional 10,823 shares during the last quarter. TCW Group Inc. raised its stake in shares of Toll Brothers by 27.9% during the 2nd quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock worth $8,713,000 after purchasing an additional 16,503 shares in the last quarter. Finally, Lifestyle Asset Management Inc. acquired a new stake in shares of Toll Brothers in the 1st quarter valued at approximately $1,398,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

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.