Toll Brothers (NYSE:TOL) Price Target Raised to $155.00

Key Points

• Bank of America analysts have raised their price target for Toll Brothers stock from $150 to $155, indicating a potential upside of 10.62% from its previous close.
• A majority of analysts rate Toll Brothers as a Moderate Buy, with a consensus price target of $149.79, while two analysts have a strong buy rating.
• Toll Brothers reported an earnings per share (EPS) of $3.73 for the quarter, exceeding expectations and showing an 8% increase in revenue year-over-year.

Toll Brothers (NYSE:TOL - Free Report) had its target price increased by Bank of America from $150.00 to $155.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the construction company's stock.

Other analysts have also issued research reports about the stock. Raymond James Financial restated a "strong-buy" rating and set a $160.00 target price (up previously from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. Keefe, Bruyette & Woods raised their target price on shares of Toll Brothers from $143.00 to $145.00 and gave the stock a "market perform" rating in a report on Thursday, August 28th. Evercore ISI reissued an "outperform" rating and set a $169.00 target price (up previously from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Citigroup raised their target price on Toll Brothers from $134.00 to $138.00 and gave the company a "neutral" rating in a research report on Monday, August 25th. Finally, Seaport Res Ptn upgraded Toll Brothers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $149.79.

Toll Brothers Trading Down 0.2%

TOL traded down $0.28 on Thursday, hitting $139.56. 3,055,508 shares of the company were exchanged, compared to its average volume of 1,626,893. Toll Brothers has a 12 month low of $86.67 and a 12 month high of $169.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 4.38. The stock has a market capitalization of $13.45 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 0.92 and a beta of 1.33. The firm has a fifty day simple moving average of $131.63 and a two-hundred day simple moving average of $114.62.

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

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be issued a $0.25 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.00 annualized dividend and a yield of 0.7%. Toll Brothers's payout ratio is 7.35%.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Stephen F. East sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total value of $288,325.00. Following the sale, the director owned 12,787 shares in the company, valued at approximately $1,474,724.71. This trade represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Robert Parahus sold 9,831 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the transaction, the chief operating officer owned 19,692 shares in the company, valued at approximately $2,576,501.28. This represents a 33.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,413 shares of company stock valued at $5,746,216. 1.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Toll Brothers

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sound Income Strategies LLC raised its holdings in shares of Toll Brothers by 84.2% in the first 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 last quarter. Brooklyn Investment Group boosted 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 worth $29,000 after purchasing an additional 94 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Toll Brothers by 152.6% in the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock worth $31,000 after purchasing an additional 177 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Toll Brothers by 128.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company's stock valued at $37,000 after buying an additional 182 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Toll Brothers by 218.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company's stock worth $38,000 after buying an additional 249 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

About Toll Brothers

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.