Royal Bank Of Canada Reiterates “Outperform” Rating for Toll Brothers (NYSE:TOL)

Toll Brothers (NYSE:TOL)‘s stock had its “outperform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a note issued to investors on Thursday,Benzinga reports. They presently have a $158.00 target price on the construction company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 7.67% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. increased their price target on Toll Brothers from $141.00 to $143.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Citigroup started coverage on Toll Brothers in a research report on Tuesday. They set an “outperform” rating on the stock. BTIG Research started coverage on shares of Toll Brothers in a report on Tuesday. They issued a “buy” rating for the company. UBS Group upgraded shares of Toll Brothers from a “buy” rating to a “buy” rating in a research report on Tuesday. Finally, Evercore reiterated an “outperform” rating and issued a $185.00 target price on shares of Toll Brothers in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus target price of $163.56.

Toll Brothers Stock Performance

Shares of TOL traded down $0.47 during trading hours on Thursday, hitting $146.74. The stock had a trading volume of 129,667 shares, compared to its average volume of 1,193,358. The firm has a 50-day moving average price of $138.81 and a 200 day moving average price of $142.44. Toll Brothers has a fifty-two week low of $104.09 and a fifty-two week high of $168.36. The firm has a market capitalization of $13.72 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 1.15 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 4.67.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the company earned $3.50 earnings per share. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. As a group, research analysts anticipate that Toll Brothers will post 12.68 EPS for the current year.

Insider Buying and Selling at Toll Brothers

In other news, Director Stephen F. East sold 1,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total transaction of $139,700.00. Following the transaction, the director owned 13,442 shares of the company’s stock, valued at approximately $1,877,847.40. The trade was a 6.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hilton Head Capital Partners LLC grew its stake in shares of Toll Brothers by 65.5% in the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after buying an additional 74 shares during the period. Wiser Advisor Group LLC purchased a new stake in shares of Toll Brothers during the 3rd quarter valued at approximately $27,000. Ramirez Asset Management Inc. purchased a new position in Toll Brothers in the third quarter worth approximately $28,000. Pinnacle Holdings LLC purchased a new position in Toll Brothers in the fourth quarter worth approximately $27,000. Finally, Abich Financial Wealth Management LLC acquired a new stake in Toll Brothers during the third quarter worth $28,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

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.