Toll Brothers Inc. (NYSE:TOL) Receives $141.85 Average PT from Analysts

Toll Brothers Inc. (NYSE:TOL) has earned an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $141.85.

A number of brokerages have recently commented on TOL. Keefe, Bruyette & Woods reduced their target price on shares of Toll Brothers from $132.00 to $120.00 and set a “market perform” rating for the company in a research report on Tuesday, May 20th. Wedbush restated an “outperform” rating on shares of Toll Brothers in a report on Tuesday, May 20th. Oppenheimer cut their price target on Toll Brothers from $165.00 to $155.00 and set an “outperform” rating for the company in a report on Thursday, May 15th. Wells Fargo & Company lifted their price objective on Toll Brothers from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Finally, Wall Street Zen upgraded Toll Brothers from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th.

Toll Brothers Stock Performance

NYSE TOL opened at $123.33 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44. The stock’s 50 day simple moving average is $112.65 and its 200-day simple moving average is $112.11. The company has a market cap of $12.11 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 1.28 and a beta of 1.36. Toll Brothers has a 1-year low of $86.67 and a 1-year high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, beating the consensus estimate of $2.86 by $0.64. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company earned $3.38 EPS. The firm’s revenue was down 3.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Toll Brothers will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a $0.25 dividend. The ex-dividend date was Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.81%. Toll Brothers’s dividend payout ratio is currently 7.42%.

Insider Activity

In other news, Director Stephen F. East sold 2,500 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total transaction of $288,325.00. Following the completion of the transaction, the director directly owned 12,787 shares in the company, valued at approximately $1,474,724.71. This represents a 16.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Michael J. Grubb sold 500 shares of the firm’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $120.00, for a total value of $60,000.00. Following the sale, the chief accounting officer directly owned 2,439 shares of the company’s stock, valued at $292,680. The trade was a 17.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,770 shares of company stock valued at $440,586 in the last quarter. Insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

A number of institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in Toll Brothers during the 4th quarter worth about $149,924,000. Long Pond Capital LP purchased a new stake in Toll Brothers during the first quarter worth about $117,870,000. Balyasny Asset Management L.P. lifted its position in shares of Toll Brothers by 24,475.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company’s stock worth $140,400,000 after purchasing an additional 1,110,192 shares in the last quarter. D1 Capital Partners L.P. acquired a new stake in shares of Toll Brothers during the fourth quarter worth about $106,428,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Toll Brothers by 149.5% in the first quarter. Victory Capital Management Inc. now owns 974,587 shares of the construction company’s stock valued at $102,907,000 after purchasing an additional 583,940 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

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.