Toll Brothers (NYSE:TOL) Given New $165.00 Price Target at Truist Financial

Toll Brothers (NYSE:TOLGet Free Report) had its price target lowered by research analysts at Truist Financial from $170.00 to $165.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Truist Financial’s price objective would indicate a potential upside of 23.16% from the stock’s current price.

Several other equities research analysts have also weighed in on TOL. JPMorgan Chase & Co. raised their price objective on Toll Brothers from $141.00 to $143.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Oppenheimer reissued an “outperform” rating and set a $180.00 price objective (up from $177.00) on shares of Toll Brothers in a research note on Thursday, February 19th. Keefe, Bruyette & Woods raised their price objective on Toll Brothers from $143.00 to $170.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 25th. Zacks Research raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Citizens Jmp reissued a “market outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $163.81.

View Our Latest Analysis on TOL

Toll Brothers Price Performance

NYSE TOL traded down $2.34 on Thursday, reaching $133.97. 642,411 shares of the stock traded hands, compared to its average volume of 1,217,833. The firm’s fifty day simple moving average is $138.33 and its 200 day simple moving average is $141.64. The company has a quick ratio of 0.62, a current ratio of 4.57 and a debt-to-equity ratio of 0.32. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 0.98 and a beta of 1.39. Toll Brothers has a 12 month low of $100.92 and a 12 month high of $168.36.

Toll Brothers (NYSE:TOLGet Free Report) last issued its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a return on equity of 15.57% and a net margin of 11.66%.The firm’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period last year, the company posted $3.50 EPS. As a group, research analysts predict that Toll Brothers will post 12.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total value of $7,237,508.72. Following the completion of the sale, the chief executive officer owned 321,256 shares in the company, valued at $51,535,887.52. This represents a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen F. East sold 1,000 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total value of $139,700.00. Following the completion of the sale, the director owned 13,442 shares of the company’s stock, valued at $1,877,847.40. The trade was a 6.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.37% of the stock is owned by corporate insiders.

Institutional Trading of Toll Brothers

A number of hedge funds have recently modified their holdings of the business. Greenhaven Associates Inc. lifted its holdings in shares of Toll Brothers by 0.4% in the fourth quarter. Greenhaven Associates Inc. now owns 5,603,187 shares of the construction company’s stock valued at $757,663,000 after purchasing an additional 22,218 shares in the last quarter. Capital World Investors lifted its holdings in shares of Toll Brothers by 51.5% in the third quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock valued at $716,625,000 after purchasing an additional 1,763,211 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Toll Brothers by 2,067.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock valued at $446,756,000 after purchasing an additional 3,151,509 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Toll Brothers by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company’s stock valued at $408,062,000 after purchasing an additional 100,718 shares in the last quarter. Finally, Holocene Advisors LP lifted its holdings in shares of Toll Brothers by 78.0% in the third quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock valued at $307,263,000 after purchasing an additional 974,567 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

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Toll Brothers Company Profile

(Get Free Report)

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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Analyst Recommendations for Toll Brothers (NYSE:TOL)

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