Toll Brothers, Inc. (NYSE:TOL) Receives $145.00 Average Price Target from Brokerages

Shares of Toll Brothers, Inc. (NYSE:TOL) have received an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $145.67.

TOL has been the topic of a number of recent analyst reports. Barclays lifted their price objective on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Bank of America lifted their price target on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Argus upped their price objective on shares of Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Evercore ISI lifted their target price on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th.

Toll Brothers Stock Up 3.1 %

TOL stock opened at $155.35 on Friday. The stock has a 50-day simple moving average of $139.96 and a two-hundred day simple moving average of $127.72. Toll Brothers has a twelve month low of $68.08 and a twelve month high of $156.00. The firm has a market capitalization of $15.69 billion, a PE ratio of 10.61, a PEG ratio of 1.24 and a beta of 1.67. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38.

Toll Brothers (NYSE:TOL) last issued 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 company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the previous year, the company earned $3.73 earnings per share. Toll Brothers’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities analysts predict that Toll Brothers will post 13.51 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Insider Activity at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total value of $12,917,764.16. Following the transaction, the chief executive officer now owns 346,382 shares in the company, valued at $51,087,881.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the transaction, the chief executive officer now owns 296,382 shares in the company, valued at approximately $45,361,265.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. The disclosure for this sale can be found here. Insiders sold 191,257 shares of company stock worth $28,646,402 in the last ninety days. 1.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On Toll Brothers

A number of hedge funds and other institutional investors have recently made changes to their positions in TOL. Wells Fargo & Company MN raised its holdings in Toll Brothers by 13.6% in the 4th quarter. Wells Fargo & Company MN now owns 227,495 shares of the construction company’s stock worth $23,384,000 after purchasing an additional 27,181 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in Toll Brothers by 29.3% in the fourth quarter. Orion Portfolio Solutions LLC now owns 5,376 shares of the construction company’s stock worth $549,000 after buying an additional 1,218 shares during the period. Advisory Services Network LLC boosted its position in Toll Brothers by 51.2% during the 4th quarter. Advisory Services Network LLC now owns 4,416 shares of the construction company’s stock valued at $454,000 after acquiring an additional 1,496 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Toll Brothers during the 4th quarter worth approximately $540,000. Finally, Bank of Nova Scotia bought a new position in shares of Toll Brothers in the 4th quarter worth approximately $18,792,000. 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.