Toll Brothers (NYSE:TOL) Now Covered by Analysts at Melius Research

Melius Research started coverage on shares of Toll Brothers (NYSE:TOL) in a research report report published on Tuesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $179.00 price objective on the construction company’s stock.

Other research analysts have also recently issued reports about the company. Piper Sandler cut Toll Brothers from an “overweight” rating to a “neutral” rating in a research report on Tuesday, June 9th. Truist Financial upped their price target on shares of Toll Brothers from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $158.00 price objective on shares of Toll Brothers in a research note on Thursday, June 11th. Keefe, Bruyette & Woods raised their price objective on shares of Toll Brothers from $161.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. Finally, BTIG Research initiated coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They set a “buy” rating for the company. Fifteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $166.94.

Toll Brothers Price Performance

NYSE TOL opened at $137.78 on Tuesday. The stock has a market capitalization of $12.70 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 1.09 and a beta of 1.31. Toll Brothers has a 1-year low of $123.14 and a 1-year high of $168.36. 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 business’s fifty day moving average price is $142.36 and its 200-day moving average price is $143.15.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.93 by $0.04. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.Toll Brothers’s revenue was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.73 earnings per share. On average, equities analysts predict that Toll Brothers will post 12.8 earnings per share for the current year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, October 9th. Toll Brothers’s payout ratio is currently 8.35%.

Insider Buying and Selling

In other news, Director Stephen East sold 800 shares of the firm’s stock in a transaction dated Thursday, September 24th. The stock was 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 $1,719,185.58. This trade represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Toll Brothers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TOL. Hilton Head Capital Partners LLC increased its position in Toll Brothers by 65.5% during the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after acquiring an additional 74 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Toll Brothers by 4.7% in the 1st quarter. Bessemer Group Inc. now owns 1,771 shares of the construction company’s stock worth $242,000 after acquiring an additional 80 shares during the last quarter. Allegiance Financial Group Advisory Services LLC boosted its stake in shares of Toll Brothers by 4.2% during the 2nd quarter. Allegiance Financial Group Advisory Services LLC now owns 2,000 shares of the construction company’s stock worth $330,000 after purchasing an additional 80 shares during the period. Atria Investments Inc boosted its stake in shares of Toll Brothers by 1.9% during the 2nd quarter. Atria Investments Inc now owns 4,345 shares of the construction company’s stock worth $716,000 after purchasing an additional 83 shares during the period. Finally, Nilsine Partners LLC boosted its stake in shares of Toll Brothers by 4.1% during the 2nd quarter. Nilsine Partners LLC now owns 2,574 shares of the construction company’s stock worth $424,000 after purchasing an additional 102 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

About Toll Brothers

Toll Brothers, Inc is a U.S. luxury homebuilder that designs, constructs, markets and sells single-family homes, townhomes and condominiums. The company serves move-up, luxury, active-adult and urban buyers, offering homes in a range of architectural styles and price points.

Founded in 1967 by brothers Robert I. Toll and Bruce E. Toll, the company develops residential communities on land it acquires and prepares for construction. Its operations also include related services such as mortgage financing, title and settlement services, and property development through its Toll Brothers Apartment Living and Toll Brothers City Living businesses.

Toll Brothers operates across numerous metropolitan and suburban markets in the United States, with a presence in regions including the Northeast, Mid-Atlantic, Southeast, Texas, the Midwest, Arizona and the West Coast.