Toll Brothers Inc. (NYSE:TOL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Toll Brothers Inc. (NYSE:TOL) has earned an average recommendation of “Moderate Buy” from the twenty analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $167.2667.

A number of research analysts have recently weighed in on TOL shares. Truist Financial increased their price objective on Toll Brothers from $165.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Argus set a $170.00 target price on Toll Brothers in a research report on Tuesday, June 2nd. Evercore reissued an “outperform” rating and set a $191.00 price target on shares of Toll Brothers in a research report on Thursday, August 20th. Benchmark initiated coverage on shares of Toll Brothers in a research note on Tuesday, June 9th. They set a “buy” rating for the company. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Toll Brothers from $161.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th.

Toll Brothers Trading Up 0.7%

Shares of NYSE TOL opened at $141.69 on Friday. Toll Brothers has a 1-year low of $123.14 and a 1-year high of $168.36. The business has a fifty day moving average price of $150.27 and a 200 day moving average price of $145.73. The stock has a market capitalization of $13.06 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 1.13 and a beta of 1.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.55.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.04. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.62 billion. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The firm’s revenue was down 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.73 earnings per share. Equities research analysts expect that Toll Brothers will post 12.81 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, July 10th. Toll Brothers’s dividend payout ratio is presently 8.35%.

Insider Transactions at Toll Brothers

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

Hedge Funds Weigh In On Toll Brothers

Hedge funds and other institutional investors have recently made changes to their positions in the company. Western Wealth Management LLC raised its stake in Toll Brothers by 2.6% in the 4th quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company’s stock valued at $359,000 after purchasing an additional 68 shares during the last quarter. Root Financial Partners LLC grew its holdings in shares of Toll Brothers by 21.9% during the fourth quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock worth $53,000 after buying an additional 70 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Toll Brothers by 2.4% during the fourth quarter. IFP Advisors Inc now owns 3,200 shares of the construction company’s stock worth $433,000 after buying an additional 74 shares in the last quarter. Hilton Head Capital Partners LLC raised its position in shares of Toll Brothers by 65.5% in the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after buying an additional 74 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Toll Brothers by 4.7% in the first quarter. Bessemer Group Inc. now owns 1,771 shares of the construction company’s stock valued at $242,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

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.