Toll Brothers (NYSE:TOL) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Toll Brothers (NYSE:TOL - Free Report) had its price target upped by Wells Fargo & Company from $130.00 to $135.00 in a research note issued to investors on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the construction company's stock.

A number of other equities analysts have also commented on the stock. Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. UBS Group reaffirmed a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Oppenheimer lowered their price target on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a research report on Thursday, May 15th. Evercore ISI reaffirmed an "outperform" rating and set a $169.00 price target (up from $167.00) on shares of Toll Brothers in a research report on Thursday, May 22nd. Finally, Wedbush reaffirmed an "outperform" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $141.85.

Toll Brothers Stock Performance

Shares of NYSE TOL traded up $1.55 during mid-day trading on Tuesday, reaching $122.94. 2,020,958 shares of the company were exchanged, compared to its average volume of 1,613,588. The company's 50-day simple moving average is $108.56 and its 200-day simple moving average is $112.81. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $12.07 billion, a P/E ratio of 9.12, a P/E/G ratio of 1.22 and a beta of 1.36. 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 posted its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.86 by $0.64. The company had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.50 billion. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. Toll Brothers's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.38 EPS. As a group, research analysts predict that Toll Brothers will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 11th. This represents a $1.00 annualized dividend and a yield of 0.81%. Toll Brothers's payout ratio is currently 7.42%.

Hedge Funds Weigh In On Toll Brothers

Institutional investors have recently added to or reduced their stakes in the stock. NorthCrest Asset Manangement LLC lifted its holdings in Toll Brothers by 10.2% during the second quarter. NorthCrest Asset Manangement LLC now owns 26,100 shares of the construction company's stock valued at $3,074,000 after purchasing an additional 2,424 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Toll Brothers by 12.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 341,708 shares of the construction company's stock valued at $40,250,000 after purchasing an additional 36,952 shares during the last quarter. Strathmore Capital Advisors Inc. purchased a new stake in Toll Brothers during the second quarter valued at about $364,000. Atticus Wealth Management LLC purchased a new stake in Toll Brothers during the second quarter valued at about $156,000. Finally, Sivia Capital Partners LLC purchased a new stake in Toll Brothers during the second quarter valued at about $705,000. 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.