Toll Brothers Inc. (NYSE:TOL) Stock Has Consensus Price Target of $167.40 According to Brokerages

Key Points

• Analyst sentiment is broadly positive: Toll Brothers has a “Moderate Buy” consensus from 20 firms, with an average 12-month price target of $167.40. Fourteen analysts rate it buy and one strong buy, while five rate it hold or sell.
• Recent quarterly results topped estimates: The homebuilder reported $2.97 in earnings per share and $2.66 billion in revenue, beating consensus forecasts, though revenue fell 9.7% year over year.
• Toll Brothers paid a quarterly dividend of $0.26 per share, equivalent to $1.04 annually and a 0.7% yield.

Shares of Toll Brothers Inc. (NYSE:TOL - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twenty ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $167.40.

A number of brokerages recently weighed in on TOL. Melius Research began coverage on Toll Brothers in a research note on Tuesday, October 6th. They set a "buy" rating and a $179.00 price objective for the company. Evercore set a $184.00 target price on Toll Brothers in a research note on Friday, September 25th. Citigroup reduced their target price on shares of Toll Brothers from $179.00 to $168.00 and set a "buy" rating for the company in a report on Thursday, October 15th. Morgan Stanley increased their price target on shares of Toll Brothers from $159.00 to $170.00 and gave the company an "overweight" rating in a research report on Tuesday, November 3rd. Finally, Royal Bank Of Canada decreased their price target on shares of Toll Brothers from $158.00 to $148.00 and set an "outperform" rating for the company in a research report on Thursday, October 15th.

Toll Brothers Stock Performance

Shares of TOL stock opened at $152.38 on Wednesday. The firm has a market cap of $14.04 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.16 and a beta of 1.30. The company's 50 day moving average is $138.88 and its 200 day moving average is $144.42. The company has a quick ratio of 0.55, a current ratio of 4.53 and a debt-to-equity ratio of 0.32. Toll Brothers has a 52-week low of $123.14 and a 52-week high of $168.36.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, topping analysts' consensus estimates of $2.93 by $0.04. The company 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%. Toll Brothers's revenue for the quarter was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.73 earnings per share. On average, sell-side analysts anticipate that Toll Brothers will post 12.80 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 9th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, October 9th. Toll Brothers's dividend payout ratio (DPR) is 8.35%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Stephen East sold 800 shares of Toll Brothers stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $135.99, for a total value of $108,792.00. Following the transaction, the director directly owned 12,642 shares of the company's stock, valued at approximately $1,719,185.58. The trade was a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.37% of the company's stock.

Institutional Trading of Toll Brothers

Hedge funds and other institutional investors have recently made changes to their positions in the business. Western Wealth Management LLC increased its holdings in shares of Toll Brothers by 2.5% during the third quarter. Western Wealth Management LLC now owns 2,721 shares of the construction company's stock valued at $367,000 after acquiring an additional 67 shares in the last quarter. North Dakota State Investment Board raised its position in shares of Toll Brothers by 2.5% in the 3rd quarter. North Dakota State Investment Board now owns 2,874 shares of the construction company's stock valued at $387,000 after purchasing an additional 71 shares during the last quarter. WealthPlan Investment Management LLC boosted its stake in Toll Brothers by 4.8% in the 3rd quarter. WealthPlan Investment Management LLC now owns 1,689 shares of the construction company's stock worth $228,000 after purchasing an additional 77 shares in the last quarter. Bessemer Group Inc. boosted its stake in Toll Brothers by 4.7% in the 1st quarter. Bessemer Group Inc. now owns 1,771 shares of the construction company's stock worth $242,000 after purchasing an additional 80 shares in the last quarter. Finally, Allegiance Financial Group Advisory Services LLC boosted its stake in Toll Brothers by 4.2% in the 2nd quarter. Allegiance Financial Group Advisory Services LLC now owns 2,000 shares of the construction company's stock worth $330,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Toll Brothers Company Profile

Toll Brothers, Inc. is a U.S. homebuilding company focused primarily on designing, building, marketing and selling luxury residential properties. Its offerings include single-family detached homes, townhomes and condominiums, as well as age-qualified communities and urban high-rise residences. Founded in 1967 by brothers Bob and Bruce Toll, the company has expanded from its Pennsylvania roots to serve homebuyers in markets across the United States. Its communities are generally designed for move-up, luxury and active-adult buyers.

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