Brokerages Set Toll Brothers, Inc. (NYSE:TOL) Price Target at $150.86

Shares of Toll Brothers, Inc. (NYSE:TOL) have been given an average recommendation of “Moderate Buy” by the fifteen research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $147.57.

A number of equities analysts have recently weighed in on TOL shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Wells Fargo & Company dropped their price target on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Barclays cut their price objective on shares of Toll Brothers from $115.00 to $101.00 and set an “underweight” rating for the company in a report on Tuesday. Evercore ISI boosted their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Wedbush reaffirmed an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $112.55 on Monday. The company has a market capitalization of $11.24 billion, a P/E ratio of 7.75, a P/E/G ratio of 1.02 and a beta of 1.76. Toll Brothers has a 1-year low of $108.86 and a 1-year high of $169.52. The firm’s 50 day simple moving average is $127.73 and its two-hundred day simple moving average is $141.29. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. Research analysts expect that Toll Brothers will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is 6.33%.

Insider Activity

In related news, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the transaction, the director now directly owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christine Garvey sold 204 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the sale, the director now directly owns 7,728 shares in the company, valued at $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,622 shares of company stock valued at $1,993,880. 1.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Toll Brothers

A number of institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning lifted its position in shares of Toll Brothers by 11.5% in the 3rd quarter. Creative Planning now owns 10,323 shares of the construction company’s stock worth $1,595,000 after purchasing an additional 1,063 shares during the period. Blue Trust Inc. boosted its holdings in shares of Toll Brothers by 111.4% in the 3rd quarter. Blue Trust Inc. now owns 353 shares of the construction company’s stock valued at $55,000 after buying an additional 186 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Toll Brothers by 74.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 582 shares of the construction company’s stock worth $90,000 after buying an additional 249 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Toll Brothers by 15.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,154 shares of the construction company’s stock worth $333,000 after acquiring an additional 281 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Toll Brothers by 77.0% during the third quarter. Signaturefd LLC now owns 1,673 shares of the construction company’s stock valued at $258,000 after acquiring an additional 728 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

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.