Keefe, Bruyette & Woods Boosts Toll Brothers (NYSE:TOL) Price Target to $145.00

Key Points

• Keefe, Bruyette & Woods has raised the price target for Toll Brothers from $143.00 to $145.00, suggesting a potential upside of 5.64% from the current price.
• Toll Brothers currently has a consensus target price of $147.85 with ratings reflecting a "Moderate Buy," including two Strong Buy ratings and one Sell rating.
• The company reported $3.73 EPS for the last quarter, surpassing expectations, and anticipates earnings of 13.83 EPS for the current year.

Toll Brothers (NYSE:TOL - Free Report) had its price target boosted by Keefe, Bruyette & Woods from $143.00 to $145.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has a market perform rating on the construction company's stock.

A number of other research analysts have also weighed in on the stock. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $160.00 price objective (up from $130.00) on shares of Toll Brothers in a research note on Monday, August 25th. Wall Street Zen raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. UBS Group reiterated a "buy" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Oppenheimer lowered their price objective on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a research note on Thursday, May 15th. Finally, Wedbush restated an "outperform" rating and issued a $165.00 target price on shares of Toll Brothers in a report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Toll Brothers presently has an average rating of "Moderate Buy" and a consensus price target of $147.85.

Toll Brothers Stock Up 0.1%

TOL stock traded up $0.19 during trading on Thursday, reaching $139.07. 1,188,115 shares of the stock were exchanged, compared to its average volume of 1,624,420. The firm's 50 day moving average is $123.87 and its 200 day moving average is $111.66. The firm has a market cap of $13.65 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 0.91 and a beta of 1.33. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. Toll Brothers has a twelve month low of $86.67 and a twelve month high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, beating analysts' consensus estimates of $3.59 by $0.14. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The firm had revenue of $2.95 billion during the quarter, compared to analysts' expectations of $2.86 billion. During the same quarter last year, the firm posted $3.60 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, research analysts forecast that Toll Brothers will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, July 11th. Toll Brothers's payout ratio is presently 7.35%.

Insider Activity at Toll Brothers

In other news, Director Christine Garvey sold 770 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $119.82, for a total transaction of $92,261.40. Following the completion of the sale, the director owned 11,590 shares in the company, valued at $1,388,713.80. This trade represents a 6.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Robert Parahus sold 9,831 shares of Toll Brothers stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the completion of the sale, the chief operating officer directly owned 19,692 shares in the company, valued at $2,576,501.28. This trade represents a 33.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,601 shares of company stock worth $1,726,874. 1.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Toll Brothers

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of Toll Brothers by 6.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,485 shares of the construction company's stock valued at $169,000 after buying an additional 90 shares during the last quarter. Brooklyn Investment Group raised its stake in Toll Brothers by 52.8% in the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock valued at $29,000 after acquiring an additional 94 shares during the period. Old Port Advisors lifted its holdings in Toll Brothers by 4.5% during the second quarter. Old Port Advisors now owns 2,165 shares of the construction company's stock valued at $247,000 after purchasing an additional 94 shares during the last quarter. KLP Kapitalforvaltning AS boosted its position in Toll Brothers by 0.4% during the first quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the construction company's stock worth $2,619,000 after purchasing an additional 100 shares during the period. Finally, Applied Finance Capital Management LLC increased its stake in shares of Toll Brothers by 4.0% in the second quarter. Applied Finance Capital Management LLC now owns 2,579 shares of the construction company's stock worth $294,000 after purchasing an additional 100 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Company Profile

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.