Brokerages Set Toll Brothers Inc. (NYSE:TOL) Target Price at $165.25

Toll Brothers Inc. (NYSE:TOL) has received an average recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $165.25.

Several equities research analysts recently commented on the stock. Truist Financial began coverage on shares of Toll Brothers in a research report on Wednesday, March 4th. They issued a “buy” rating and a $190.00 price target for the company. UBS Group raised their price objective on shares of Toll Brothers from $181.00 to $198.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Wells Fargo & Company lifted their price objective on shares of Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Barclays restated an “underweight” rating on shares of Toll Brothers in a report on Monday, February 23rd. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a research report on Wednesday, February 18th.

Insider Transactions at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,965 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $146.68, for a total value of $581,586.20. Following the completion of the sale, the director directly owned 118,680 shares of the company’s stock, valued at $17,407,982.40. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the transaction, the chief executive officer directly owned 321,256 shares in the company, valued at $51,535,887.52. The trade was a 12.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC increased its stake in shares of Toll Brothers by 2.6% in the fourth quarter. Western Wealth Management LLC now owns 2,658 shares of the construction company’s stock worth $359,000 after acquiring an additional 68 shares during the last quarter. Root Financial Partners LLC boosted its position in Toll Brothers by 21.9% during the fourth quarter. Root Financial Partners LLC now owns 389 shares of the construction company’s stock valued at $53,000 after purchasing an additional 70 shares during the last quarter. Merit Financial Group LLC boosted its position in Toll Brothers by 0.4% during the fourth quarter. Merit Financial Group LLC now owns 20,568 shares of the construction company’s stock valued at $2,781,000 after purchasing an additional 72 shares during the last quarter. IFP Advisors Inc grew its stake in Toll Brothers by 2.4% in the fourth quarter. IFP Advisors Inc now owns 3,200 shares of the construction company’s stock valued at $433,000 after purchasing an additional 74 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC grew its stake in Toll Brothers by 0.3% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 26,685 shares of the construction company’s stock valued at $3,633,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Trading Down 1.0%

Shares of TOL opened at $145.71 on Friday. The business’s 50-day moving average price is $149.81 and its 200 day moving average price is $141.64. The stock has a market capitalization of $13.80 billion, a P/E ratio of 10.41, a P/E/G ratio of 1.15 and a beta of 1.45. Toll Brothers has a 1-year low of $86.67 and a 1-year high of $168.36. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.14. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the firm earned $1.75 earnings per share. The business’s quarterly revenue was up 15.4% on a year-over-year basis. Analysts expect that Toll Brothers will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, January 9th. Toll Brothers’s dividend payout ratio is currently 7.14%.

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.