Brokerages Set Toll Brothers Inc. (NYSE:TOL) Price Target at $154.40

Toll Brothers Inc. (NYSE:TOLGet Free Report) has earned a consensus rating of “Moderate Buy” from the nineteen research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $154.40.

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Toll Brothers from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays raised their price target on shares of Toll Brothers from $92.00 to $110.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 10th. Evercore ISI restated an “in-line” rating and set a $160.00 price objective (down previously from $169.00) on shares of Toll Brothers in a report on Tuesday, October 7th. UBS Group reduced their target price on shares of Toll Brothers from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Finally, Citigroup started coverage on Toll Brothers in a research note on Wednesday, January 7th. They set an “outperform” rating on the stock.

Read Our Latest Stock Analysis on TOL

Insider Buying and Selling

In other Toll Brothers news, Director Paul E. Shapiro sold 3,965 shares of Toll Brothers stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $146.68, for a total transaction of $581,586.20. Following the sale, the director owned 118,680 shares in the company, valued at $17,407,982.40. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Toll Brothers

Hedge funds have recently made changes to their positions in the business. Capital World Investors increased its stake in Toll Brothers by 51.5% in the third quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock valued at $716,625,000 after acquiring an additional 1,763,211 shares during the period. Norges Bank acquired a new stake in Toll Brothers during the second quarter valued at approximately $154,782,000. AQR Capital Management LLC grew its stake in shares of Toll Brothers by 83.1% in the 2nd quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock valued at $297,650,000 after purchasing an additional 1,183,304 shares during the period. Holocene Advisors LP raised its holdings in shares of Toll Brothers by 78.0% in the 3rd quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock worth $307,263,000 after buying an additional 974,567 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Toll Brothers by 209.8% during the 3rd quarter. Victory Capital Management Inc. now owns 917,184 shares of the construction company’s stock worth $126,700,000 after buying an additional 621,117 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Price Performance

NYSE TOL opened at $146.64 on Thursday. The stock has a 50-day simple moving average of $137.62 and a 200 day simple moving average of $133.95. Toll Brothers has a twelve month low of $86.67 and a twelve month high of $150.59. The stock has a market capitalization of $13.93 billion, a PE ratio of 10.81, a P/E/G ratio of 1.22 and a beta of 1.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.64 and a current ratio of 4.38.

Toll Brothers (NYSE:TOLGet Free Report) last released its earnings results on Monday, December 8th. The construction company reported $4.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.30). Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the business earned $4.63 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Research analysts anticipate that Toll Brothers will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, January 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s payout ratio is currently 7.37%.

Toll Brothers News Summary

Here are the key news stories impacting Toll Brothers this week:

About Toll Brothers

(Get Free Report)

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.

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Analyst Recommendations for Toll Brothers (NYSE:TOL)

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