Toll Brothers (NYSE:TOL) Stock Rated Overweight in New Coverage at Morgan Stanley

Stock analysts at Morgan Stanley began coverage on shares of Toll Brothers (NYSE:TOL) in a research note issued on Thursday, Benzinga reports. The brokerage set an “overweight” rating and a $159.00 price target on the construction company’s stock. Morgan Stanley’s price target points to a potential upside of 17.90% from the company’s previous close.

TOL has been the subject of a number of other research reports. Keefe, Bruyette & Woods raised 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. Oppenheimer downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 9th. Evercore set a $184.00 target price on Toll Brothers in a report on Friday, September 25th. Benchmark started coverage on Toll Brothers in a research report on Tuesday, June 9th. They issued a “buy” rating for the company. Finally, Truist Financial lifted their price target on Toll Brothers from $165.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Fourteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $166.40.

Toll Brothers Price Performance

NYSE TOL opened at $134.86 on Thursday. The company has a current ratio of 4.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.32. Toll Brothers has a 1 year low of $123.14 and a 1 year high of $168.36. The company has a market cap of $12.43 billion, a PE ratio of 10.82, a PEG ratio of 1.10 and a beta of 1.34. The stock’s 50-day moving average price is $143.49 and its two-hundred day moving average price is $143.22.

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

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Stephen East sold 800 shares of the stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $135.99, for a total value of $108,792.00. Following the completion of the sale, the director owned 12,642 shares in the company, valued at $1,719,185.58. This represents a 5.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Toll Brothers

A number of hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC grew its stake in Toll Brothers by 21.9% in the fourth quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock valued at $53,000 after purchasing an additional 70 shares in the last quarter. Hilton Head Capital Partners LLC raised its stake in shares of Toll Brothers by 65.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after purchasing an additional 74 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Toll Brothers by 4.7% during the 1st quarter. Bessemer Group Inc. now owns 1,771 shares of the construction company’s stock worth $242,000 after purchasing an additional 80 shares in the last quarter. Allegiance Financial Group Advisory Services LLC lifted its holdings in shares of Toll Brothers by 4.2% during the 2nd quarter. Allegiance Financial Group Advisory Services LLC now owns 2,000 shares of the construction company’s stock valued at $330,000 after buying an additional 80 shares during the last quarter. Finally, Atria Investments Inc increased its holdings in Toll Brothers by 1.9% in the second quarter. Atria Investments Inc now owns 4,345 shares of the construction company’s stock worth $716,000 after buying an additional 83 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

About Toll Brothers

Toll Brothers, Inc is a U.S. luxury homebuilder that designs, constructs, markets and sells single-family homes, townhomes and condominiums. The company serves move-up, luxury, active-adult and urban buyers, offering homes in a range of architectural styles and price points.

Founded in 1967 by brothers Robert I. Toll and Bruce E. Toll, the company develops residential communities on land it acquires and prepares for construction. Its operations also include related services such as mortgage financing, title and settlement services, and property development through its Toll Brothers Apartment Living and Toll Brothers City Living businesses.

Toll Brothers operates across numerous metropolitan and suburban markets in the United States, with a presence in regions including the Northeast, Mid-Atlantic, Southeast, Texas, the Midwest, Arizona and the West Coast.