Toll Brothers (NYSE:TOL) Price Target Raised to $165.00 at Bank of America

by · The Markets Daily

Toll Brothers (NYSE:TOL – Free Report) had its price target raised by Bank of America from $160.00 to $165.00 in a research note published on Thursday, Benzinga reports. Bank of America currently has a buy rating on the construction company’s stock.

A number of other research firms have also recently commented on TOL. Wedbush lifted their target price on shares of Toll Brothers from $120.00 to $148.00 and gave the stock a neutral rating in a research note on Tuesday, August 27th. Royal Bank of Canada upped their target price on Toll Brothers from $130.00 to $143.00 and gave the stock an outperform rating in a research note on Thursday, August 22nd. Wells Fargo & Company boosted their price target on Toll Brothers from $150.00 to $160.00 and gave the company an overweight rating in a report on Thursday, August 22nd. Argus raised their price objective on shares of Toll Brothers from $135.00 to $140.00 and gave the stock a buy rating in a research note on Thursday, June 6th. Finally, StockNews.com cut shares of Toll Brothers from a buy rating to a hold rating in a research note on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Toll Brothers currently has a consensus rating of Moderate Buy and a consensus target price of $145.00.

View Our Latest Analysis on Toll Brothers

Toll Brothers Price Performance

Shares of TOL stock opened at $150.44 on Thursday. The stock’s 50-day moving average is $137.63 and its 200 day moving average is $126.64. Toll Brothers has a 1-year low of $68.08 and a 1-year high of $154.62. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The company has a market cap of $15.44 billion, a P/E ratio of 10.28, a PEG ratio of 1.23 and a beta of 1.67.

Toll Brothers (NYSE:TOL – Get Free Report) last issued its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating the consensus estimate of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the prior year, the business posted $3.73 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Research analysts predict that Toll Brothers will post 13.31 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a $0.23 dividend. The ex-dividend date is Friday, October 11th. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Insider Transactions at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the sale, the chief executive officer now owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Martin P. Connor sold 22,673 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the completion of the sale, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. The disclosure for this sale can be found here. Corporate insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Institutional investors and hedge funds have recently bought and sold shares of the stock. Register Financial Advisors LLC purchased a new stake in shares of Toll Brothers in the first quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Toll Brothers in the second quarter valued at $29,000. Contravisory Investment Management Inc. purchased a new position in Toll Brothers during the first quarter worth about $34,000. Massmutual Trust Co. FSB ADV grew its holdings in Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after purchasing an additional 142 shares during the period. Finally, Rise Advisors LLC purchased a new position in shares of Toll Brothers in the 1st quarter worth $35,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Company Profile

(Get Free Report)

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.

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