Toll Brothers, Inc. (NYSE:TOL) Receives $129.07 Consensus Target Price from Brokerages

Toll Brothers, Inc. (NYSE:TOL) has been assigned an average rating of “Moderate Buy” from the sixteen ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $129.07.

A number of research firms recently commented on TOL. Argus increased their target price on shares of Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Royal Bank of Canada upped their price target on shares of Toll Brothers from $122.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Citigroup upped their price target on shares of Toll Brothers from $138.00 to $139.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Wells Fargo & Company increased their price objective on shares of Toll Brothers from $142.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Finally, Wedbush reiterated a “neutral” rating and issued a $105.00 price objective on shares of Toll Brothers in a research note on Wednesday, May 22nd.

Toll Brothers Price Performance

Shares of TOL opened at $117.11 on Wednesday. The company has a 50 day moving average price of $121.03 and a 200-day moving average price of $112.78. Toll Brothers has a fifty-two week low of $68.08 and a fifty-two week high of $135.37. The stock has a market capitalization of $12.02 billion, a PE ratio of 8.00, a PEG ratio of 0.96 and a beta of 1.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 4.59.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.13 by ($0.75). Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the previous year, the company posted $2.85 EPS. Toll Brothers’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities analysts predict that Toll Brothers will post 12.94 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, July 5th. Toll Brothers’s dividend payout ratio is currently 6.28%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of Toll Brothers stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total transaction of $463,723.04. Following the transaction, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at $3,012,006.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the sale, the director now directly owns 9,389 shares in the company, valued at $1,120,295.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Martin P. Connor sold 3,806 shares of Toll Brothers stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total transaction of $463,723.04. Following the sale, the chief financial officer now owns 24,721 shares of the company’s stock, valued at $3,012,006.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,670 shares of company stock valued at $2,586,315. Corporate insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Voss Capital LLC acquired a new position in shares of Toll Brothers in the fourth quarter valued at approximately $8,223,000. Ossiam lifted its position in shares of Toll Brothers by 122.8% during the 4th quarter. Ossiam now owns 7,547 shares of the construction company’s stock worth $776,000 after buying an additional 4,159 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Toll Brothers by 41.2% during the 4th quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock worth $85,819,000 after buying an additional 243,553 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of Toll Brothers by 87.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 36,337 shares of the construction company’s stock worth $2,687,000 after buying an additional 16,993 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in shares of Toll Brothers by 11.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 510,961 shares of the construction company’s stock worth $52,522,000 after buying an additional 54,384 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Company Profile

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.