Toll Brothers (NYSE:TOL) Given Outperform Rating at Royal Bank Of Canada

Toll Brothers (NYSE:TOL)‘s stock had its “outperform” rating reiterated by investment analysts at Royal Bank Of Canada in a research note issued to investors on Thursday,Benzinga reports. They currently have a $158.00 price objective on the construction company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 7.67% from the stock’s current price.

A number of other brokerages have also weighed in on TOL. Barclays decreased their target price on Toll Brothers from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, April 8th. Oppenheimer lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Keefe, Bruyette & Woods raised shares of Toll Brothers from a “market perform” rating to an “outperform” rating and raised their target price for the company from $158.00 to $161.00 in a research report on Tuesday. Truist Financial lowered their price target on shares of Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Citigroup started coverage on shares of Toll Brothers in a report on Tuesday. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $163.56.

Toll Brothers Trading Down 0.3%

Shares of NYSE TOL traded down $0.47 during mid-day trading on Thursday, reaching $146.74. The company had a trading volume of 129,667 shares, compared to its average volume of 1,193,358. The stock has a market cap of $13.72 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. Toll Brothers has a 52 week low of $104.09 and a 52 week high of $168.36. The business’s 50-day moving average is $138.81 and its 200-day moving average is $142.44. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.14. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the previous year, the company earned $3.50 EPS. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. Equities analysts expect that Toll Brothers will post 12.68 earnings per share for the current year.

Insider Buying and Selling at Toll Brothers

In other news, Director Stephen F. East sold 1,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total transaction of $139,700.00. Following the sale, the director owned 13,442 shares in the company, valued at approximately $1,877,847.40. The trade was a 6.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TOL. Hilton Head Capital Partners LLC increased its position in shares of Toll Brothers by 65.5% in the 1st 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 during the period. Wiser Advisor Group LLC purchased a new stake in Toll Brothers during the 3rd quarter valued at about $27,000. Ramirez Asset Management Inc. purchased a new stake in Toll Brothers during the 3rd quarter valued at about $28,000. Pinnacle Holdings LLC acquired a new position in shares of Toll Brothers in the fourth quarter valued at about $27,000. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Toll Brothers in the third quarter worth about $28,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

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.