Toll Brothers, Inc. (NYSE:TOL) Receives $52.40 Average Price Target from Analysts

Toll Brothers, Inc. (NYSE:TOLGet Rating) has received an average rating of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $53.40.

A number of brokerages have recently issued reports on TOL. Citigroup lifted their target price on Toll Brothers to $47.00 in a research report on Thursday, October 13th. Raymond James downgraded Toll Brothers from an “outperform” rating to a “market perform” rating in a research report on Friday, October 21st. KeyCorp raised Toll Brothers from an “underweight” rating to a “sector weight” rating in a report on Monday, September 19th. Wedbush cut their target price on shares of Toll Brothers from $62.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, August 25th. Finally, JPMorgan Chase & Co. upgraded shares of Toll Brothers from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $47.00 to $58.00 in a report on Tuesday.

Insider Buying and Selling

In related news, Director Carl B. Marbach sold 1,000 shares of the firm’s stock in a transaction on Tuesday, October 11th. The shares were sold at an average price of $44.60, for a total transaction of $44,600.00. Following the sale, the director now directly owns 71,155 shares in the company, valued at $3,173,513. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Toll Brothers

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC increased its stake in Toll Brothers by 472.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,676,724 shares of the construction company’s stock valued at $78,840,000 after buying an additional 1,383,812 shares during the last quarter. Balyasny Asset Management LLC increased its stake in Toll Brothers by 11,994.2% in the 3rd quarter. Balyasny Asset Management LLC now owns 1,057,878 shares of the construction company’s stock valued at $44,430,000 after buying an additional 1,049,131 shares during the last quarter. Vanguard Group Inc. increased its stake in Toll Brothers by 9.1% in the 1st quarter. Vanguard Group Inc. now owns 11,623,797 shares of the construction company’s stock valued at $546,551,000 after buying an additional 968,528 shares during the last quarter. Ceredex Value Advisors LLC increased its stake in Toll Brothers by 106.1% in the 3rd quarter. Ceredex Value Advisors LLC now owns 1,665,339 shares of the construction company’s stock valued at $69,944,000 after buying an additional 857,481 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Toll Brothers by 164.7% in the 1st quarter. Prudential Financial Inc. now owns 1,274,947 shares of the construction company’s stock valued at $59,949,000 after buying an additional 793,239 shares during the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Trading Up 2.6 %

NYSE:TOL opened at $47.18 on Tuesday. The business’s 50-day moving average is $43.63 and its two-hundred day moving average is $45.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.99 and a quick ratio of 0.48. Toll Brothers has a 12 month low of $39.53 and a 12 month high of $75.61. The firm has a market capitalization of $5.35 billion, a PE ratio of 5.58 and a beta of 1.38.

Toll Brothers (NYSE:TOLGet Rating) last announced its earnings results on Tuesday, August 23rd. The construction company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. Toll Brothers had a return on equity of 18.93% and a net margin of 10.62%. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the company earned $1.87 earnings per share. Research analysts predict that Toll Brothers will post 9.26 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 21st. Investors of record on Friday, October 7th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, October 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.70%. Toll Brothers’s payout ratio is 9.46%.

About Toll Brothers

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Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living.

See Also

Analyst Recommendations for Toll Brothers (NYSE:TOL)

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