Toll Brothers Inc. (NYSE:TOL) Stock Has Average Target Price of $166.67

Toll Brothers Inc. (NYSE:TOL) has been assigned an average recommendation of “Moderate Buy” from the twenty analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $166.67.

A number of equities research analysts have weighed in on TOL shares. Keefe, Bruyette & Woods boosted their price objective on Toll Brothers from $161.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, August 28th. Weiss Ratings upgraded shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 29th. Morgan Stanley initiated coverage on shares of Toll Brothers in a report on Thursday, October 1st. They issued an “overweight” rating and a $159.00 target price on the stock. Barclays cut their target price on shares of Toll Brothers from $122.00 to $118.00 and set an “underweight” rating on the stock in a report on Tuesday, October 6th. Finally, Evercore set a $184.00 price target on shares of Toll Brothers in a research report on Friday, September 25th.

Toll Brothers Stock Down 0.9%

Toll Brothers stock opened at $139.80 on Friday. 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 $12.88 billion, a P/E ratio of 11.22, a PEG ratio of 1.14 and a beta of 1.31. The stock has a 50-day simple moving average of $138.11 and a 200-day simple moving average of $143.04.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.04. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%. The business’s revenue was down 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.73 EPS. Equities research analysts expect that Toll Brothers will post 12.80 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 9th were given a dividend of $0.26 per share. The ex-dividend date was Friday, October 9th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s dividend payout ratio is presently 8.35%.

Insider Buying and Selling

In related news, Director Stephen East sold 800 shares of Toll Brothers stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $135.99, for a total value of $108,792.00. Following the sale, the director directly owned 12,642 shares in the company, valued at $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 is available through this link. 1.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Toll Brothers

Several hedge funds and other institutional investors have recently bought and sold shares of TOL. Hilton Head Capital Partners LLC boosted its stake in shares of Toll Brothers by 65.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after purchasing an additional 74 shares during the last quarter. Continuum Advisory LLC purchased a new stake in shares of Toll Brothers during the second quarter worth about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Toll Brothers during the second quarter worth about $35,000. Compass Financial Management LLC acquired a new position in shares of Toll Brothers in the second quarter valued at approximately $51,000. Finally, Fiduciary Financial Advisors acquired a new position in shares of Toll Brothers in the second quarter valued at approximately $53,000. 91.76% of the stock is owned by institutional investors and hedge funds.

About Toll Brothers

Toll Brothers, Inc is a luxury homebuilding company that designs, builds, markets and sells residential properties in the United States. Its portfolio includes single-family detached homes, townhomes, condominiums and luxury residences, along with active-adult communities and urban high-rise developments in select markets.

The company also provides related services through businesses involved in mortgage lending, title insurance and settlement services. Toll Brothers serves a range of buyers, including first-time, move-up, luxury and active-adult home purchasers, and offers customization options through its design studios and other customer-service operations.

Founded in 1967 by Robert I.