Toll Brothers Inc. (NYSE:TOL) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Toll Brothers Inc. (NYSE:TOL – Get Free Report) have earned an average recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $166.93.

Several brokerages recently issued reports on TOL. BTIG Research started coverage on Toll Brothers in a report on Tuesday, June 9th. They set a “buy” rating for the company. Keefe, Bruyette & Woods raised their price objective on Toll Brothers from $161.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, August 28th. Benchmark assumed coverage on shares of Toll Brothers in a report on Tuesday, June 9th. They set a “buy” rating on the stock. Argus set a $170.00 price objective on shares of Toll Brothers in a report on Tuesday, June 2nd. Finally, Truist Financial upped their target price on shares of Toll Brothers from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th.

Get Our Latest Analysis on TOL

Toll Brothers Trading Up 0.9%

TOL opened at $137.19 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.55. Toll Brothers has a fifty-two week low of $123.14 and a fifty-two week high of $168.36. The firm has a market capitalization of $12.64 billion, a PE ratio of 11.01, a P/E/G ratio of 1.11 and a beta of 1.34. The company’s 50-day moving average is $144.21 and its 200 day moving average is $143.39.

Toll Brothers (NYSE:TOL – Get Free Report) last issued its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.04. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the company posted $3.73 EPS. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. As a group, research analysts predict that Toll Brothers will post 12.81 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, October 9th. This represents a $1.04 annualized dividend and a yield of 0.8%. Toll Brothers’s payout ratio is 8.35%.

Insiders Place Their Bets

In other Toll Brothers news, Director Stephen East sold 800 shares of the company’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $135.99, for a total value of $108,792.00. Following the completion of the sale, the director directly owned 12,642 shares of the company’s stock, valued at approximately $1,719,185.58. This represents a 5.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Several hedge funds have recently modified their holdings of the company. Hilton Head Capital Partners LLC grew its holdings in shares of Toll Brothers by 65.5% in the first quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after acquiring an additional 74 shares in the last quarter. Continuum Advisory LLC bought a new stake in Toll Brothers during the second quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Toll Brothers in the second quarter worth $35,000. Creative Financial Designs Inc. ADV boosted its position in Toll Brothers by 215.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 315 shares of the construction company’s stock worth $43,000 after purchasing an additional 215 shares during the last quarter. Finally, Compass Financial Management LLC purchased a new position in Toll Brothers in the second quarter worth $51,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

(Get Free Report)

Toll Brothers, Inc is a luxury homebuilding company that designs, constructs, markets and sells residential properties in the United States. The company develops communities featuring single-family detached homes, townhomes and condominiums, as well as active-adult communities and urban high-rise residences. Its offerings generally target move-up, luxury and resort-style homebuyers, with homes available in a range of designs, locations and customization options.

Through related operations, Toll Brothers also provides mortgage financing, title and settlement services, homeowners insurance and other services that support the home purchase process.

Further Reading

Analyst Recommendations for Toll Brothers (NYSE:TOL)

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