Brokerages 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 brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $144.67.

TOL has been the subject of several research reports. Evercore ISI boosted their price objective on shares of Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Wedbush boosted their price objective on shares of Toll Brothers from $120.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 27th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a research note on Wednesday, August 21st. The Goldman Sachs Group upgraded shares of Toll Brothers from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $112.00 to $124.00 in a research note on Monday, June 17th. Finally, Raymond James reiterated a “strong-buy” rating and set a $145.00 price objective (up from $135.00) on shares of Toll Brothers in a research note on Thursday, May 23rd.

Insider Activity

In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at $3,012,006.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Martin P. Connor sold 3,806 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total value of $463,723.04. Following the transaction, the chief financial officer now owns 24,721 shares in the company, valued at approximately $3,012,006.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin P. Connor sold 16,194 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the transaction, the chief financial officer now owns 28,527 shares in the company, valued at approximately $3,387,295.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,257 shares of company stock worth $18,552,950. Corporate insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TOL. Norges Bank purchased a new position in Toll Brothers in the fourth quarter valued at about $128,982,000. Pacer Advisors Inc. boosted its stake in shares of Toll Brothers by 34.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after acquiring an additional 541,140 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Toll Brothers by 81.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after acquiring an additional 431,160 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Toll Brothers by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock worth $1,158,255,000 after acquiring an additional 216,849 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Toll Brothers by 93.2% during the 4th quarter. Victory Capital Management Inc. now owns 385,024 shares of the construction company’s stock worth $39,577,000 after acquiring an additional 185,746 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

NYSE:TOL opened at $138.82 on Monday. The firm has a 50 day simple moving average of $130.51 and a 200-day simple moving average of $123.82. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The firm has a market cap of $14.25 billion, a PE ratio of 9.48, a P/E/G ratio of 1.14 and a beta of 1.67. Toll Brothers has a 1-year low of $68.08 and a 1-year high of $149.77.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the firm earned $3.73 earnings per share. Toll Brothers’s revenue was up 1.5% compared to the same quarter last year. On average, equities analysts expect that Toll Brothers will post 13.31 EPS for the current year.

Toll Brothers Dividend Announcement

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

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.