Toll Brothers Inc. (NYSE:TOL) Receives $164.88 Consensus PT from Brokerages

Toll Brothers Inc. (NYSE:TOL) has been assigned an average recommendation of “Moderate Buy” from the twenty-one brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $164.8750.

Several research firms have commented on TOL. Argus set a $170.00 price target on Toll Brothers in a report on Tuesday, June 2nd. Evercore reissued an “outperform” rating and set a $185.00 price objective on shares of Toll Brothers in a report on Thursday, May 21st. Oppenheimer cut Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. BTIG Research began coverage on Toll Brothers in a research note on Tuesday, June 9th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $158.00 target price on shares of Toll Brothers in a research report on Thursday, June 11th.

Toll Brothers Stock Performance

NYSE TOL opened at $154.95 on Monday. The company’s fifty day moving average is $150.60 and its two-hundred day moving average is $146.28. Toll Brothers has a 52-week low of $122.13 and a 52-week high of $168.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The firm has a market capitalization of $14.48 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 1.28 and a beta of 1.35.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.14. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter last year, the company earned $3.50 earnings per share. The firm’s revenue was down 7.6% on a year-over-year basis. Equities research analysts forecast that Toll Brothers will post 12.69 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, July 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.87%.

Insider Transactions at Toll Brothers

In other news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total value of $12,206,507.06. Following the sale, the chairman directly owned 321,256 shares in the company, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Robert Parahus sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $149.66, for a total value of $1,122,450.00. Following the transaction, the chief operating officer owned 23,457 shares of the company’s stock, valued at $3,510,574.62. This trade represents a 24.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.37% of the company’s stock.

Institutional Trading of Toll Brothers

A number of large investors have recently bought and sold shares of the stock. Sivia Capital Partners LLC bought a new stake in shares of Toll Brothers in the 2nd quarter worth about $705,000. Brown Advisory Inc. grew its stake in Toll Brothers by 4.6% during the second quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company’s stock worth $481,000 after buying an additional 186 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Toll Brothers by 5.8% in the second quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company’s stock valued at $708,000 after acquiring an additional 340 shares during the last quarter. Sei Investments Co. raised its stake in shares of Toll Brothers by 164.9% in the second quarter. Sei Investments Co. now owns 38,556 shares of the construction company’s stock valued at $4,400,000 after acquiring an additional 24,001 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Toll Brothers by 1.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company’s stock worth $5,274,000 after acquiring an additional 700 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

About Toll Brothers

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.