Toll Brothers (NYSE:TOL) Price Target Raised to $170.00

Toll Brothers (NYSE:TOL) had its target price lifted by Keefe, Bruyette & Woods from $161.00 to $170.00 in a research note published on Friday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the construction company’s stock.

Several other research firms have also recently issued reports on TOL. Royal Bank Of Canada reiterated an “outperform” rating and issued a $158.00 price objective on shares of Toll Brothers in a research report on Thursday, June 11th. Piper Sandler lowered shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 9th. Barclays upped their price target on shares of Toll Brothers from $115.00 to $122.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 14th. BTIG Research began coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They issued a “buy” rating for the company. Finally, Truist Financial raised their price objective on shares of Toll Brothers from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Fifteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $167.27.

Toll Brothers Price Performance

Shares of TOL opened at $146.33 on Friday. The company has a current ratio of 4.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $151.46 and its two-hundred day moving average is $146.34. Toll Brothers has a twelve month low of $123.14 and a twelve month high of $168.36. The firm has a market capitalization of $13.68 billion, a PE ratio of 11.74, a P/E/G ratio of 1.20 and a beta of 1.35.

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, topping analysts’ consensus estimates of $2.93 by $0.04. The business had revenue of $2.66 billion during 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 company’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.73 EPS. Research analysts anticipate that Toll Brothers will post 12.81 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.04 annualized dividend and a yield of 0.7%. Toll Brothers’s payout ratio is currently 8.35%.

Insiders Place Their Bets

In other Toll Brothers news, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the business’s 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 sale, the chairman directly owned 321,256 shares in the company, valued at approximately $50,302,264.48. The trade was a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Robert Parahus sold 7,500 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total value of $1,122,450.00. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Toll Brothers

A number of large investors have recently added to or reduced their stakes in the business. Amundi increased its holdings in Toll Brothers by 138.4% during the 2nd quarter. Amundi now owns 174,655 shares of the construction company’s stock valued at $28,774,000 after acquiring an additional 101,405 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Toll Brothers during the second quarter worth about $4,515,000. First Eagle Investment Management LLC lifted its holdings in shares of Toll Brothers by 131.6% in the second quarter. First Eagle Investment Management LLC now owns 6,000 shares of the construction company’s stock valued at $988,000 after purchasing an additional 3,409 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of Toll Brothers by 16,116.7% in the second quarter. California State Teachers Retirement System now owns 17,926,118 shares of the construction company’s stock valued at $2,953,328,000 after purchasing an additional 17,815,577 shares in the last quarter. Finally, Wedmont Private Capital acquired a new stake in shares of Toll Brothers in the second quarter valued at approximately $316,000. 91.76% of the stock is owned by institutional investors and hedge funds.

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.