Toll Brothers (NYSE:TOL) Given "Strong-Buy" Rating at Raymond James Financial

Key Points

• Toll Brothers received a "strong-buy" rating from Raymond James Financial, with a target price raised to $160.00, suggesting a potential upside of nearly 15% from its current price.
• Despite the positive outlook from some analysts, others have lowered their price targets, with Oppenheimer reducing theirs from $165.00 to $155.00, while Keefe, Bruyette & Woods set theirs at $120.00.
• The company's recent earnings report showed Toll Brothers beating consensus estimates with an EPS of $3.73 and revenue of $2.95 billion, marking an 8% increase year-over-year.

Toll Brothers (NYSE:TOL - Get Free Report)'s stock had its "strong-buy" rating reissued by investment analysts at Raymond James Financial in a report released on Monday,Benzinga reports. They presently have a $160.00 target price on the construction company's stock, up from their previous target price of $130.00. Raymond James Financial's price target would suggest a potential upside of 14.96% from the stock's current price.

Several other equities research analysts also recently commented on TOL. Oppenheimer reduced their price target on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a research report on Thursday, May 15th. Keefe, Bruyette & Woods reduced their price target on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a research report on Tuesday, May 20th. Citigroup upped their price target on shares of Toll Brothers from $134.00 to $138.00 and gave the company a "neutral" rating in a research report on Monday. UBS Group restated a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Finally, Seaport Res Ptn upgraded shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $145.92.

Toll Brothers Price Performance

TOL stock traded up $0.0060 on Monday, hitting $139.1760. 392,408 shares of the company's stock traded hands, compared to its average volume of 1,784,652. Toll Brothers has a 1-year low of $86.67 and a 1-year high of $169.52. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 10.22, a P/E/G ratio of 0.91 and a beta of 1.33. The stock has a fifty day moving average of $120.67 and a 200-day moving average of $111.15. 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 (NYSE:TOL - Get Free Report) last released its earnings results on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, beating the consensus estimate of $3.59 by $0.14. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same period in the prior year, the business earned $3.60 earnings per share. The business's quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts forecast that Toll Brothers will post 13.83 EPS for the current fiscal year.

Insider Buying and Selling at Toll Brothers

In other news, Director Christine Garvey sold 770 shares of the firm's stock in a transaction 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 transaction, the director owned 11,590 shares in the company, valued at approximately $1,388,713.80. This trade represents a 6.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen F. East sold 2,500 shares of the firm's stock in a transaction on Wednesday, July 16th. The shares were 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. This represents a 16.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,601 shares of company stock worth $1,726,874 over the last quarter. Company insiders own 1.54% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TOL. Stifel Financial Corp raised its holdings in shares of Toll Brothers by 3.6% during the 4th quarter. Stifel Financial Corp now owns 14,118 shares of the construction company's stock valued at $1,778,000 after purchasing an additional 495 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Toll Brothers by 57.5% during the 4th quarter. Hsbc Holdings PLC now owns 83,124 shares of the construction company's stock valued at $10,520,000 after purchasing an additional 30,353 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Toll Brothers by 42.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 134,488 shares of the construction company's stock valued at $16,939,000 after purchasing an additional 40,189 shares in the last quarter. Quarry LP raised its holdings in shares of Toll Brothers by 1,035.7% during the 4th quarter. Quarry LP now owns 318 shares of the construction company's stock valued at $40,000 after purchasing an additional 290 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Toll Brothers by 20.4% in the 4th quarter. Northern Trust Corp now owns 911,160 shares of the construction company's stock worth $114,761,000 after acquiring an additional 154,638 shares during the period. Institutional investors own 91.76% of the company's stock.

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.

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