Toll Brothers Inc. (NYSE:TOL) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts rate Toll Brothers a “Moderate Buy.” Twelve of 18 analysts recommend buying the stock, with an average 12-month price target of $167.43 versus its recent price of $135.64.
• Toll Brothers exceeded quarterly expectations, reporting $2.97 in EPS and $2.66 billion in revenue, though revenue fell 9.7% year over year and EPS declined from $3.73 in the prior-year quarter.
• The company announced a quarterly dividend of $0.26 per share, equivalent to a $1.04 annualized payout and a 0.8% yield; institutional investors own 91.76% of the stock.

Toll Brothers Inc. (NYSE:TOL - Get Free Report) has received an average recommendation of "Moderate Buy" from the eighteen analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $167.4286.

Several equities research analysts recently issued reports on the company. UBS Group lifted their price objective on Toll Brothers from $187.00 to $195.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. Citigroup upped their target price on Toll Brothers from $176.00 to $179.00 and gave the stock a "buy" rating in a research note on Friday, August 21st. Piper Sandler cut Toll Brothers from an "overweight" rating to a "neutral" rating in a report on Tuesday, June 9th. Evercore reiterated an "outperform" rating and set a $191.00 price target on shares of Toll Brothers in a research report on Thursday, August 20th. Finally, Argus set a $170.00 price objective on Toll Brothers in a report on Tuesday, June 2nd.

Toll Brothers Stock Performance

Toll Brothers stock opened at $135.64 on Tuesday. The firm's 50 day simple moving average is $145.53 and its 200 day simple moving average is $143.72. The company has a current ratio of 4.53, a quick ratio of 0.55 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $12.50 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 1.07 and a beta of 1.34. Toll Brothers has a 1-year low of $123.14 and a 1-year high of $168.36.

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

Toll Brothers Dividend Announcement

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

Hedge Funds Weigh In On Toll Brothers

A number of institutional investors have recently made changes to their positions in TOL. Hilton Head Capital Partners LLC increased its stake in Toll Brothers by 65.5% in 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. Continuum Advisory LLC purchased a new stake in Toll Brothers during the second quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Toll Brothers during the second quarter worth about $35,000. Creative Financial Designs Inc. ADV lifted its stake in Toll Brothers by 215.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 315 shares of the construction company's stock worth $43,000 after purchasing an additional 215 shares during the last quarter. Finally, Compass Financial Management LLC purchased a new position in shares of Toll Brothers in the 2nd quarter worth about $51,000. Institutional investors own 91.76% of the company's stock.

Toll Brothers Company Profile

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.

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