Toll Brothers Inc. (NYSE:TOL) Stock Has Consensus Price Target of $167.43

Toll Brothers Inc. (NYSE:TOL) has been assigned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $167.43.

Several equities analysts recently weighed in on TOL shares. Keefe, Bruyette & Woods lifted their target price on Toll Brothers from $161.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. Weiss Ratings cut Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 8th. Royal Bank Of Canada reiterated an “outperform” rating and set a $158.00 price objective on shares of Toll Brothers in a research note on Thursday, June 11th. Piper Sandler lowered shares of Toll Brothers from an “overweight” rating to a “neutral” rating in a report on Tuesday, June 9th. Finally, 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 report on Tuesday, July 14th.

Institutional Investors Weigh In On Toll Brothers

A number of institutional investors and hedge funds have recently bought and sold shares of TOL. BlackRock Inc. purchased a new position in shares of Toll Brothers in the second quarter worth $1,610,696,000. Norges Bank purchased a new stake in shares of Toll Brothers during the 4th quarter worth approximately $168,312,000. Bamco Inc. NY bought a new position in shares of Toll Brothers during the 2nd quarter valued at approximately $166,250,000. Bank of New York Mellon Corp bought a new position in shares of Toll Brothers during the 2nd quarter valued at approximately $164,804,000. Finally, Bank of America Corp DE bought a new stake in Toll Brothers in the second quarter worth $125,912,000. 91.76% of the stock is owned by institutional investors.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $135.99 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 4.53 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $12.53 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 1.11 and a beta of 1.34. The firm’s 50 day moving average price is $144.48 and its 200-day moving average price is $143.43. Toll Brothers has a twelve month low of $123.14 and a twelve month high of $168.36.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.04. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the prior year, the company earned $3.73 earnings per share. The firm’s revenue was down 9.7% on a year-over-year basis. Equities research analysts expect that Toll Brothers will post 12.81 EPS for the current year.

Toll Brothers Announces Dividend

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

About Toll Brothers

Toll Brothers, Inc is a luxury homebuilding company that designs, constructs, markets and sells residential properties in the United States. The company develops communities featuring single-family detached homes, townhomes and condominiums, as well as active-adult communities and urban high-rise residences. Its offerings generally target move-up, luxury and resort-style homebuyers, with homes available in a range of designs, locations and customization options.

Through related operations, Toll Brothers also provides mortgage financing, title and settlement services, homeowners insurance and other services that support the home purchase process.