Bank of America Forecasts Strong Price Appreciation for Toll Brothers (NYSE:TOL) Stock

Key Points

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Toll Brothers (NYSE:TOL - Get Free Report) had its target price boosted by Bank of America from $132.00 to $145.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. Bank of America's price target indicates a potential upside of 8.56% from the stock's current price.

Other research analysts have also recently issued research reports about the company. Wedbush reduced their price objective on Toll Brothers from $175.00 to $165.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. Evercore ISI reaffirmed an "outperform" rating and set a $169.00 price target (up previously from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Royal Bank Of Canada cut their price target on Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Oppenheimer cut their price target on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. Finally, Seaport Res Ptn upgraded shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Toll Brothers presently has an average rating of "Moderate Buy" and an average price target of $142.62.

Toll Brothers Price Performance

TOL stock traded up $2.38 on Tuesday, reaching $133.56. The company had a trading volume of 266,117 shares, compared to its average volume of 1,758,195. Toll Brothers has a 1 year low of $86.67 and a 1 year high of $169.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.44 and a current ratio of 4.21. The company's fifty day moving average is $118.78 and its 200 day moving average is $111.15. The company has a market cap of $13.11 billion, a P/E ratio of 9.85, a PEG ratio of 1.36 and a beta of 1.33.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.64. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The firm's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.38 EPS. On average, research analysts forecast that Toll Brothers will post 13.83 earnings per share for the current year.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 770 shares of the business's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $119.82, for a total value of $92,261.40. Following the transaction, the director directly owned 11,590 shares in the company, valued at $1,388,713.80. The trade was a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen F. East sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total transaction of $288,325.00. Following the transaction, the director owned 12,787 shares in the company, valued at $1,474,724.71. The trade was a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,770 shares of company stock worth $440,586 over the last ninety days. Corporate insiders own 1.54% of the company's stock.

Institutional Investors Weigh In On Toll Brothers

A number of institutional investors and hedge funds have recently modified their holdings of TOL. Trail Ridge Investment Advisors LLC boosted its holdings in Toll Brothers by 0.5% during the first quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company's stock worth $2,706,000 after purchasing an additional 132 shares during the last quarter. Left Brain Wealth Management LLC acquired a new position in Toll Brothers during the first quarter worth $317,000. MQS Management LLC acquired a new position in Toll Brothers during the first quarter worth $649,000. Financial Security Advisor Inc. acquired a new position in Toll Brothers during the first quarter worth $231,000. Finally, Concurrent Investment Advisors LLC acquired a new position in Toll Brothers during the first quarter worth $227,000. 91.76% of the stock is owned by institutional investors.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.

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