Analysts Set Toll Brothers, Inc. (NYSE:TOL) PT at $144.67

Toll Brothers, Inc. (NYSE:TOL) has received a consensus rating of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $144.67.

A number of equities analysts have recently weighed in on TOL shares. Bank of America upped their price objective on Toll Brothers from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and increased their price objective for the company from $112.00 to $124.00 in a report on Monday, June 17th. Wells Fargo & Company boosted their target price on shares of Toll Brothers from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Oppenheimer upped their target price on shares of Toll Brothers from $157.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, UBS Group lifted their price target on shares of Toll Brothers from $140.00 to $154.00 and gave the company a “buy” rating in a report on Thursday, May 23rd.

Toll Brothers Price Performance

NYSE TOL opened at $139.89 on Monday. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. Toll Brothers has a 12 month low of $68.08 and a 12 month high of $149.77. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 1.17 and a beta of 1.67. The company’s 50 day moving average is $129.58 and its two-hundred day moving average is $123.60.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating the consensus estimate of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period last year, the firm earned $3.73 EPS. The company’s revenue was up 1.5% on a year-over-year basis. As a group, research analysts anticipate that Toll Brothers will post 13.39 earnings per share for the current year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Friday, July 5th. Toll Brothers’s dividend payout ratio is currently 6.28%.

Insider Buying and Selling

In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Toll Brothers news, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total value of $3,248,587.44. Following the transaction, the chief financial officer now owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the sale, the chief executive officer now owns 346,382 shares of the company’s stock, valued at $51,087,881.18. The disclosure for this sale can be found here. Insiders sold a total of 130,257 shares of company stock worth $18,552,950 over the last three months. 1.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp raised its position in Toll Brothers by 11.2% during the 2nd quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock valued at $94,000 after purchasing an additional 82 shares in the last quarter. Clifford Swan Investment Counsel LLC raised its holdings in shares of Toll Brothers by 5.1% in the second quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock valued at $212,000 after acquiring an additional 89 shares in the last quarter. J.Safra Asset Management Corp lifted its stake in Toll Brothers by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 509 shares of the construction company’s stock worth $59,000 after acquiring an additional 90 shares during the period. Diversified Trust Co grew its holdings in Toll Brothers by 1.7% during the 2nd quarter. Diversified Trust Co now owns 5,926 shares of the construction company’s stock worth $683,000 after acquiring an additional 100 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Toll Brothers by 35.7% during the 1st quarter. Venturi Wealth Management LLC now owns 399 shares of the construction company’s stock worth $52,000 after acquiring an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

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.