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

Shares of Toll Brothers, Inc. (NYSE:TOL) have been given a consensus recommendation of “Moderate Buy” by the sixteen brokerages that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $148.87.

A number of research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Wells Fargo & Company lifted their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Wedbush upgraded shares of Toll Brothers from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $148.00 to $175.00 in a research note on Friday, October 25th. Finally, Royal Bank of Canada lifted their price objective on shares of Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd.

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 22,673 shares of the business’s stock in a transaction on Friday, August 30th. The shares were 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 of the company’s stock, valued at $2,109,224.88. The trade was a 60.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the completion of the sale, the chief executive officer now directly owns 296,382 shares of the company’s stock, valued at $45,361,265.10. This represents a 7.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 216,257 shares of company stock valued at $32,602,152 over the last three months. Insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

A number of hedge funds have recently modified their holdings of TOL. FMR LLC increased its position in shares of Toll Brothers by 97.7% in the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after acquiring an additional 1,046,758 shares during the period. Westfield Capital Management Co. LP purchased a new position in shares of Toll Brothers in the third quarter valued at about $111,562,000. Pacer Advisors Inc. increased its position in shares of Toll Brothers by 34.8% in the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $241,380,000 after acquiring an additional 541,140 shares during the period. Point72 Asset Management L.P. increased its position in shares of Toll Brothers by 81.0% in the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after acquiring an additional 431,160 shares during the period. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in shares of Toll Brothers in the third quarter valued at about $38,985,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

Toll Brothers stock opened at $152.47 on Friday. Toll Brothers has a 52 week low of $84.40 and a 52 week high of $160.12. The company’s 50 day moving average price is $151.01 and its two-hundred day moving average price is $135.29. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The stock 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 (NYSE:TOL) last issued its quarterly earnings results 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. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the business posted $3.73 EPS. Toll Brothers’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities analysts predict that Toll Brothers will post 13.53 earnings per share for the current year.

Toll Brothers Announces Dividend

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

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.