Wells Fargo & Company Forecasts Strong Price Appreciation for Toll Brothers (NYSE:TOL) Stock

Toll Brothers (NYSE:TOL - Free Report) had its target price increased by Wells Fargo & Company from $130.00 to $135.00 in a report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the construction company's stock.

TOL has been the subject of a number of other research reports. Wedbush reissued an "outperform" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Wall Street Zen raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Royal Bank Of Canada decreased their price objective on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. UBS Group reissued a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Finally, Barclays reissued an "underweight" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers has an average rating of "Moderate Buy" and a consensus target price of $141.85.

Toll Brothers Stock Down 1.3%

TOL stock traded down $1.65 during midday trading on Tuesday, hitting $120.98. The company's stock had a trading volume of 1,766,657 shares, compared to its average volume of 1,611,692. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44. Toll Brothers has a twelve month low of $86.67 and a twelve month high of $169.52. The company's fifty day moving average price is $109.33 and its 200 day moving average price is $112.73. The stock has a market capitalization of $11.88 billion, a P/E ratio of 8.97, a PEG ratio of 1.28 and a beta of 1.36.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, beating analysts' consensus estimates of $2.86 by $0.64. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the firm posted $3.38 EPS. The company's quarterly revenue was down 3.5% on a year-over-year basis. As a group, equities research analysts predict that Toll Brothers will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, July 11th. Toll Brothers's payout ratio is 7.42%.

Institutional Trading of Toll Brothers

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lee Danner & Bass Inc. bought a new stake in Toll Brothers in the 4th quarter valued at about $27,000. Sound Income Strategies LLC boosted its holdings in Toll Brothers by 84.2% in the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock valued at $26,000 after purchasing an additional 112 shares during the period. IAG Wealth Partners LLC boosted its holdings in Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after purchasing an additional 238 shares during the period. Brooklyn Investment Group boosted its holdings 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 purchasing an additional 94 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Toll Brothers by 34.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after purchasing an additional 75 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.