Toll Brothers Inc (NYSE:TOL) Receives $37.54 Consensus Target Price from Analysts

Shares of Toll Brothers Inc (NYSE:TOL) have earned an average recommendation of “Hold” from the nineteen research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $37.54.

Several equities research analysts recently commented on TOL shares. JMP Securities reiterated a “hold” rating on shares of Toll Brothers in a research note on Wednesday, August 21st. Seaport Global Securities started coverage on shares of Toll Brothers in a research note on Friday, August 23rd. They set a “neutral” rating on the stock. SunTrust Banks started coverage on shares of Toll Brothers in a research note on Monday, August 12th. They set a “hold” rating and a $37.00 price target on the stock. Bank of America set a $39.00 price target on shares of Toll Brothers and gave the stock a “hold” rating in a research note on Wednesday, August 21st. Finally, Raymond James upgraded shares of Toll Brothers from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $1.00 to $45.00 in a research note on Wednesday, September 25th.

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction on Monday, September 16th. The shares were sold at an average price of $41.06, for a total value of $1,026,500.00. Following the transaction, the chief executive officer now directly owns 273,398 shares in the company, valued at $11,225,721.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP John K. Mcdonald sold 1,964 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $40.72, for a total transaction of $79,974.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 154,008 shares of company stock worth $6,113,365. 9.69% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. Captrust Financial Advisors increased its stake in shares of Toll Brothers by 51.9% during the second quarter. Captrust Financial Advisors now owns 2,070 shares of the construction company’s stock worth $76,000 after acquiring an additional 707 shares during the period. NEXT Financial Group Inc increased its stake in shares of Toll Brothers by 4,900.0% during the second quarter. NEXT Financial Group Inc now owns 2,350 shares of the construction company’s stock worth $86,000 after acquiring an additional 2,303 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Toll Brothers during the second quarter worth about $91,000. Cerebellum GP LLC acquired a new position in shares of Toll Brothers during the third quarter worth about $120,000. Finally, Spirit of America Management Corp NY increased its stake in shares of Toll Brothers by 18.5% during the second quarter. Spirit of America Management Corp NY now owns 4,285 shares of the construction company’s stock worth $157,000 after acquiring an additional 670 shares during the period. Institutional investors and hedge funds own 83.48% of the company’s stock.

NYSE:TOL traded down $0.01 during midday trading on Thursday, hitting $40.59. 1,247,873 shares of the company were exchanged, compared to its average volume of 1,479,846. The company has a fifty day simple moving average of $38.80 and a 200 day simple moving average of $37.32. Toll Brothers has a fifty-two week low of $28.68 and a fifty-two week high of $41.70. The company has a current ratio of 7.43, a quick ratio of 1.21 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $5.70 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 1.19 and a beta of 0.93.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 20th. The construction company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.18. Toll Brothers had a net margin of 9.57% and a return on equity of 14.26%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the business earned $1.26 EPS. Toll Brothers’s revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, equities research analysts expect that Toll Brothers will post 3.92 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be paid a $0.11 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.44 dividend on an annualized basis and a yield of 1.08%. Toll Brothers’s dividend payout ratio is presently 9.34%.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

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Analyst Recommendations for Toll Brothers (NYSE:TOL)

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