Toll Brothers (NYSE:TOL) Price Target Raised to $154.00 at UBS Group

Toll Brothers (NYSE:TOL) had its price objective raised by equities researchers at UBS Group from $140.00 to $154.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. UBS Group’s price target would indicate a potential upside of 29.46% from the stock’s previous close.

Several other research analysts have also recently weighed in on TOL. The Goldman Sachs Group upped their price objective on shares of Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a research report on Thursday, February 22nd. StockNews.com upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Oppenheimer upped their price objective on shares of Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. increased their price target on shares of Toll Brothers from $127.00 to $128.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Finally, Barclays increased their price target on shares of Toll Brothers from $95.00 to $115.00 and gave the company an “underweight” rating in a research report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus price target of $123.07.

Toll Brothers Price Performance

Shares of TOL traded down $0.24 during midday trading on Thursday, hitting $118.96. 503,085 shares of the company traded hands, compared to its average volume of 1,375,881. The stock has a 50-day moving average of $123.13 and a 200-day moving average of $107.56. Toll Brothers has a one year low of $64.40 and a one year high of $135.37. The firm has a market cap of $12.39 billion, a P/E ratio of 8.13, a PEG ratio of 1.08 and a beta of 1.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.95 and a quick ratio of 0.65.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.13 by ($0.75). The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.58 billion. Toll Brothers had a net margin of 15.07% and a return on equity of 21.27%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.85 earnings per share. As a group, sell-side analysts predict that Toll Brothers will post 13.71 EPS for the current fiscal year.

Insider Buying and Selling

In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the transaction, the director now owns 34,069 shares of the company’s stock, valued at $4,020,823.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Carl B. Marbach sold 10,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the transaction, the director now directly owns 34,069 shares in the company, valued at $4,020,823.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the transaction, the director now owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The disclosure for this sale can be found here. Insiders sold 66,500 shares of company stock valued at $7,881,930 over the last quarter. 1.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On Toll Brothers

Several large investors have recently bought and sold shares of TOL. Allspring Global Investments Holdings LLC boosted its position in Toll Brothers by 70.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,947 shares of the construction company’s stock worth $366,000 after purchasing an additional 2,052 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Toll Brothers by 26.1% in the 3rd quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock worth $56,000 after purchasing an additional 156 shares in the last quarter. M&T Bank Corp lifted its holdings in Toll Brothers by 1.6% in the 3rd quarter. M&T Bank Corp now owns 14,048 shares of the construction company’s stock worth $1,039,000 after purchasing an additional 226 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Toll Brothers by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 404,779 shares of the construction company’s stock worth $29,937,000 after purchasing an additional 16,187 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Toll Brothers by 11.6% in the 3rd quarter. California Public Employees Retirement System now owns 222,886 shares of the construction company’s stock worth $16,485,000 after purchasing an additional 23,251 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Company Profile

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.