Toll Brothers Inc. (NYSE:TOL) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Toll Brothers Inc. (NYSE:TOL) have earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $166.93.

TOL has been the subject of a number of analyst reports. UBS Group raised their target price on shares of Toll Brothers from $187.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. BTIG Research assumed coverage on Toll Brothers in a report on Tuesday, June 9th. They set a “buy” rating on the stock. Citigroup increased their price objective on shares of Toll Brothers from $176.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, August 21st. Argus set a $170.00 target price on Toll Brothers in a research report on Tuesday, June 2nd. Finally, Truist Financial lifted their price target on shares of Toll Brothers from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th.

Toll Brothers Stock Performance

Shares of TOL stock opened at $136.42 on Tuesday. The stock has a 50 day moving average price of $144.00 and a two-hundred day moving average price of $143.30. Toll Brothers has a fifty-two week low of $123.14 and a fifty-two week high of $168.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 4.53. The company has a market capitalization of $12.57 billion, a P/E ratio of 10.95, a PEG ratio of 1.11 and a beta of 1.34.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.04. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the business posted $3.73 EPS. The business’s revenue was down 9.7% on a year-over-year basis. Analysts expect that Toll Brothers will post 12.81 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, October 9th. Toll Brothers’s payout ratio is presently 8.35%.

Insider Buying and Selling

In other news, Director Stephen East sold 800 shares of the business’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $135.99, for a total value of $108,792.00. Following the transaction, the director owned 12,642 shares of the company’s stock, valued at approximately $1,719,185.58. The trade was a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Toll Brothers in the 2nd quarter valued at about $1,610,696,000. State Street Corp lifted its holdings in Toll Brothers by 4.4% during the second quarter. State Street Corp now owns 3,505,828 shares of the construction company’s stock worth $577,585,000 after buying an additional 146,163 shares during the period. Dimensional Fund Advisors LP grew its stake in 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 purchasing an additional 100,718 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Toll Brothers by 30.1% in the 1st quarter. Jennison Associates LLC now owns 1,418,543 shares of the construction company’s stock valued at $193,589,000 after buying an additional 327,953 shares in the last quarter. Finally, Norges Bank acquired a new stake in Toll Brothers in the fourth quarter valued at approximately $168,312,000. Institutional investors own 91.76% of the company’s stock.

About Toll Brothers

Toll Brothers, Inc is a luxury homebuilding company that designs, constructs, markets and sells residential properties in the United States. The company develops communities featuring single-family detached homes, townhomes and condominiums, as well as active-adult communities and urban high-rise residences. Its offerings generally target move-up, luxury and resort-style homebuyers, with homes available in a range of designs, locations and customization options.

Through related operations, Toll Brothers also provides mortgage financing, title and settlement services, homeowners insurance and other services that support the home purchase process.