Toll Brothers (NYSE:TOL) Given New $170.00 Price Target at Truist Financial

Key Points

• Truist Financial raised Toll Brothers’ price target to $170 from $165 and maintained a “buy” rating, implying approximately 17% upside from the reported $145.29 share price.
• Analyst sentiment remains positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $166.06; UBS also recently raised its target to $195.
• Toll Brothers exceeded quarterly expectations, reporting $2.97 in EPS versus $2.93 expected and $2.66 billion in revenue versus $2.62 billion projected, though revenue declined 9.7% year over year.

Toll Brothers (NYSE:TOL - Get Free Report) had its target price boosted by analysts at Truist Financial from $165.00 to $170.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. Truist Financial's target price suggests a potential upside of 17.01% from the stock's current price.

Other equities research analysts have also issued reports about the stock. BTIG Research assumed coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They set a "buy" rating on the stock. Benchmark started coverage on shares of Toll Brothers in a research report on Tuesday, June 9th. They issued a "buy" rating on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $158.00 target price on shares of Toll Brothers in a research note on Thursday, June 11th. Weiss Ratings upgraded shares of Toll Brothers from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 17th. Finally, UBS Group boosted their price objective on Toll Brothers from $187.00 to $195.00 and gave the company a "buy" rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $166.06.

Toll Brothers Price Performance

Shares of NYSE:TOL traded down $3.29 during trading on Thursday, reaching $145.29. 376,587 shares of the company traded hands, compared to its average volume of 1,151,308. Toll Brothers has a 52 week low of $123.14 and a 52 week high of $168.36. The company's 50 day moving average is $152.00 and its two-hundred day moving average is $146.42. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $13.58 billion, a PE ratio of 11.66, a PEG ratio of 1.18 and a beta of 1.35.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.93 by $0.04. The firm had revenue of $2.66 billion for 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 14.27%. The business's revenue for the quarter was down 9.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.73 earnings per share. As a group, sell-side analysts predict that Toll Brothers will post 12.69 earnings per share for the current year.

Insider Transactions at Toll Brothers

In other Toll Brothers news, COO Robert Parahus sold 7,500 shares of Toll Brothers stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $149.66, for a total value of $1,122,450.00. Following the sale, the chief operating officer owned 23,457 shares of the company's stock, valued at approximately $3,510,574.62. The trade was a 24.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of Toll Brothers stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $156.58, for a total transaction of $12,206,507.06. Following the completion of the sale, the chairman directly owned 321,256 shares in the company, valued at $50,302,264.48. This trade represents a 19.53% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.37% of the company's stock.

Institutional Investors Weigh In On Toll Brothers

Several institutional investors have recently made changes to their positions in TOL. Sivia Capital Partners LLC purchased a new stake in Toll Brothers during the 2nd quarter worth about $705,000. Brown Advisory Inc. grew its stake in Toll Brothers by 4.6% in the 2nd quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company's stock worth $481,000 after buying an additional 186 shares in the last quarter. NewEdge Advisors LLC raised its position in Toll Brothers by 5.8% during the second quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company's stock valued at $708,000 after purchasing an additional 340 shares in the last quarter. Sei Investments Co. boosted its stake in Toll Brothers by 164.9% in the second quarter. Sei Investments Co. now owns 38,556 shares of the construction company's stock worth $4,400,000 after buying an additional 24,001 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Toll Brothers by 1.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company's stock valued at $5,274,000 after purchasing an additional 700 shares during 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 publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company's core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.

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