Keefe, Bruyette & Woods Upgrades Toll Brothers (NYSE:TOL) to Outperform

Toll Brothers (NYSE:TOL) was upgraded by Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report issued on Tuesday, Marketbeat.com reports. The brokerage presently has a $161.00 target price on the construction company’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 17.32% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Truist Financial decreased their price target on Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Citizens Jmp reissued a “market outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a report on Wednesday, February 18th. Royal Bank Of Canada lowered their price objective on shares of Toll Brothers from $161.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Zacks Research raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Weiss Ratings lowered shares of Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.56.

Toll Brothers Stock Down 0.5%

Shares of NYSE TOL opened at $137.23 on Tuesday. Toll Brothers has a 52-week low of $104.09 and a 52-week high of $168.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67. The business has a fifty day moving average of $138.16 and a two-hundred day moving average of $142.11. The stock has a market cap of $12.83 billion, a PE ratio of 10.38, a PEG ratio of 1.14 and a beta of 1.36.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.14. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.50 EPS. As a group, equities research analysts expect that Toll Brothers will post 12.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Toll Brothers

In related news, Director Stephen F. East sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total transaction of $139,700.00. Following the completion of the sale, the director directly owned 13,442 shares of the company’s stock, valued at $1,877,847.40. The trade was a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.37% of the stock is currently owned by company insiders.

Institutional Trading of Toll Brothers

A number of institutional investors have recently bought and sold shares of TOL. Ariadne Wealth Management LP lifted its stake in Toll Brothers by 6.6% in the first quarter. Ariadne Wealth Management LP now owns 2,244 shares of the construction company’s stock valued at $306,000 after buying an additional 138 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Toll Brothers during the 1st quarter worth about $8,215,000. Janus Henderson Group PLC grew its position in shares of Toll Brothers by 13.3% during the 1st quarter. Janus Henderson Group PLC now owns 528,903 shares of the construction company’s stock worth $72,209,000 after buying an additional 62,168 shares during the period. Bull Harbor Capital LLC bought a new stake in shares of Toll Brothers in the 1st quarter valued at about $466,000. Finally, Arkadios Wealth Advisors increased its stake in shares of Toll Brothers by 8.6% in the 1st quarter. Arkadios Wealth Advisors now owns 2,543 shares of the construction company’s stock valued at $347,000 after acquiring an additional 202 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

About Toll Brothers

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.