Toll Brothers (NYSE:TOL – Get Free Report) had its price target hoisted by analysts at Truist Financial from $165.00 to $170.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Truist Financial’s target price suggests a potential upside of 17.01% from the stock’s previous close.
A number of other brokerages have also weighed in on TOL. Citigroup upgraded shares of Toll Brothers from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $146.00 to $176.00 in a report on Friday, July 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $158.00 price target on shares of Toll Brothers in a research report on Thursday, June 11th. Weiss Ratings upgraded Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Evercore reissued an “outperform” rating and set a $191.00 price target on shares of Toll Brothers in a report on Thursday. Finally, UBS Group upped their price target on Toll Brothers from $187.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.06.
Read Our Latest Research Report on TOL
Toll Brothers Stock Down 2.2%
Toll Brothers (NYSE:TOL – Get Free Report) last posted its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.93 by $0.04. Toll Brothers had a net margin of 11.14% and a return on equity of 14.27%. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the previous year, the firm posted $3.73 earnings per share. Toll Brothers’s quarterly revenue was down 9.7% on a year-over-year basis. As a group, analysts expect that Toll Brothers will post 12.69 earnings per share for the current year.
Insider Buying and Selling at Toll Brothers
In related news, COO Robert Parahus sold 7,500 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $149.66, for a total value of $1,122,450.00. Following the completion of the transaction, the chief operating officer owned 23,457 shares of the company’s stock, valued at approximately $3,510,574.62. This represents a 24.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Douglas C. Jr. Yearley sold 77,957 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $156.58, for a total value of $12,206,507.06. Following the sale, the chairman directly owned 321,256 shares in the company, valued at approximately $50,302,264.48. This represents a 19.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.37% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans lifted its stake in Toll Brothers by 52.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 45,149 shares of the construction company’s stock worth $6,105,000 after purchasing an additional 15,526 shares in the last quarter. Summit Place Financial Advisors LLC grew its position in shares of Toll Brothers by 89.1% during the fourth quarter. Summit Place Financial Advisors LLC now owns 12,890 shares of the construction company’s stock valued at $1,743,000 after purchasing an additional 6,075 shares in the last quarter. Meeder Advisory Services Inc. bought a new stake in shares of Toll Brothers in the second quarter worth about $862,000. Investment House LLC lifted its position in shares of Toll Brothers by 103.2% in the fourth quarter. Investment House LLC now owns 33,849 shares of the construction company’s stock worth $4,577,000 after buying an additional 17,193 shares in the last quarter. Finally, Mariner Investment Group LLC purchased a new stake in shares of Toll Brothers in the second quarter worth about $1,648,000. 91.76% of the stock is owned by hedge funds and other institutional investors.
About Toll Brothers
Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.
In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.
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