Toll Brothers (NYSE:TOL) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Toll Brothers (NYSE:TOL) had its target price upped by research analysts at Keefe, Bruyette & Woods from $161.00 to $170.00 in a report released on Friday,Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 17.46% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Benchmark started coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They set a “buy” rating for the company. Oppenheimer downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. Barclays upped their target price on shares of Toll Brothers from $115.00 to $122.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $158.00 target price on shares of Toll Brothers in a research note on Thursday, June 11th. Finally, Evercore reiterated an “outperform” rating and issued a $191.00 price target on shares of Toll Brothers in a report on Thursday, August 20th. Fifteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.27.

Toll Brothers Price Performance

Shares of NYSE TOL traded down $0.40 during mid-day trading on Friday, reaching $144.73. The company’s stock had a trading volume of 361,882 shares, compared to its average volume of 1,137,400. The firm has a market capitalization of $13.53 billion, a PE ratio of 11.62, a P/E/G ratio of 1.21 and a beta of 1.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.55. The stock has a fifty day moving average of $151.65 and a two-hundred day moving average of $146.38. Toll Brothers has a 52 week low of $123.14 and a 52 week high of $168.36.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.04. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.The firm’s quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter last year, the company earned $3.73 EPS. As a group, sell-side analysts anticipate that Toll Brothers will post 12.81 EPS for the current fiscal year.

Insider Buying and Selling

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total value of $12,206,507.06. Following the sale, the chairman owned 321,256 shares of the company’s stock, valued at $50,302,264.48. The trade was a 19.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Robert Parahus sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $149.66, for a total value of $1,122,450.00. Following the sale, the chief operating officer directly owned 23,457 shares in the company, valued at $3,510,574.62. This trade represents a 24.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

A number of hedge funds have recently bought and sold shares of the business. Continuum Advisory LLC bought a new position in Toll Brothers during the second quarter valued at $28,000. Hilton Head Capital Partners LLC increased its holdings 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 worth $26,000 after buying an additional 74 shares during the last quarter. Wiser Advisor Group LLC purchased a new stake in shares of Toll Brothers during the 3rd quarter valued at about $27,000. Pinnacle Holdings LLC purchased a new stake in shares of Toll Brothers during the 4th quarter valued at about $27,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Toll Brothers in the 3rd quarter valued at about $29,000. Hedge funds and other institutional investors 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.