Toll Brothers Inc. (NYSE:TOL) Receives $163.56 Consensus Target Price from Analysts

Shares of Toll Brothers Inc. (NYSE:TOL) have received an average rating of “Moderate Buy” from the twenty-one research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $163.5625.

A number of equities analysts recently commented on the stock. Truist Financial decreased their target price on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Keefe, Bruyette & Woods upgraded shares of Toll Brothers from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $158.00 to $161.00 in a research report on Tuesday, June 9th. Argus set a $170.00 target price on shares of Toll Brothers in a research report on Tuesday, June 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $158.00 target price on shares of Toll Brothers in a research report on Thursday, June 11th. Finally, BTIG Research assumed coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They issued a “buy” rating on the stock.

Insiders Place Their Bets

In related news, Director Stephen F. East sold 1,000 shares of Toll Brothers stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total value of $139,700.00. Following the transaction, the director owned 13,442 shares in the company, valued at $1,877,847.40. This trade represents a 6.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the completion of the transaction, the chairman owned 321,256 shares in the company, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their position. The SEC filing for this sale provides additional information. 1.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Toll Brothers

A number of hedge funds have recently modified their holdings of the company. Greenhaven Associates Inc. increased its position in shares of Toll Brothers by 0.4% in the fourth quarter. Greenhaven Associates Inc. now owns 5,603,187 shares of the construction company’s stock valued at $757,663,000 after acquiring an additional 22,218 shares during the period. Capital World Investors increased its position in shares of Toll Brothers by 51.5% in the third quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock valued at $716,625,000 after acquiring an additional 1,763,211 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Toll Brothers by 2,067.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock valued at $446,756,000 after acquiring an additional 3,151,509 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Toll Brothers by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company’s stock valued at $408,062,000 after acquiring an additional 100,718 shares during the period. Finally, Holocene Advisors LP increased its position in shares of Toll Brothers by 78.0% in the third quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock valued at $307,263,000 after acquiring an additional 974,567 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

NYSE TOL opened at $155.66 on Friday. Toll Brothers has a 52-week low of $105.65 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 company has a market capitalization of $14.55 billion, a P/E ratio of 11.77, a P/E/G ratio of 1.29 and a beta of 1.36. The company has a fifty day moving average of $140.64 and a 200-day moving average of $142.98.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $2.42 billion. During the same period in the previous year, the firm posted $3.50 EPS. The firm’s revenue was down 7.6% compared to the same quarter last year. As a group, equities research analysts predict that Toll Brothers will post 12.68 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, July 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.87%.

Toll Brothers Company Profile

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.