Toll Brothers, Inc. (NYSE:TOL) Receives $147.57 Consensus Target Price from Brokerages

Toll Brothers, Inc. (NYSE:TOL) has earned an average recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $147.57.

TOL has been the subject of several recent analyst reports. The Goldman Sachs Group lowered their price target on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Citigroup lowered their target price on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. StockNews.com lowered shares of Toll Brothers from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company dropped their price objective on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th.

Insider Transactions at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the transaction, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the sale, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,764 shares of company stock valued at $1,476,523 in the last 90 days. 1.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TOL. 111 Capital purchased a new stake in Toll Brothers in the 4th quarter worth $862,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Toll Brothers by 0.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 304,952 shares of the construction company’s stock valued at $38,409,000 after purchasing an additional 1,250 shares during the period. PKO Investment Management Joint Stock Co purchased a new stake in shares of Toll Brothers during the fourth quarter worth about $1,071,000. Old North State Trust LLC raised its position in shares of Toll Brothers by 150.7% during the 4th quarter. Old North State Trust LLC now owns 5,186 shares of the construction company’s stock worth $653,000 after purchasing an additional 3,117 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Toll Brothers in the 4th quarter valued at about $6,289,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

Shares of TOL opened at $111.07 on Friday. The company has a 50 day moving average of $120.51 and a two-hundred day moving average of $137.10. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. Toll Brothers has a twelve month low of $102.49 and a twelve month high of $169.52. The company has a market cap of $11.09 billion, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data 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). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. As a group, analysts predict that Toll Brothers will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio is currently 6.88%.

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.