Toll Brothers, Inc. (NYSE:TOL) Receives $148.87 Consensus Target Price from Brokerages

Shares of Toll Brothers, Inc. (NYSE:TOL - Get Free Report) have earned a consensus rating of "Moderate Buy" from the sixteen brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $148.87.

A number of analysts have recently issued reports on the company. Oppenheimer boosted their target price on Toll Brothers from $168.00 to $189.00 and gave the stock an "outperform" rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $142.00 target price on shares of Toll Brothers in a research note on Wednesday, August 21st. Seaport Res Ptn cut shares of Toll Brothers from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 4th. Royal Bank of Canada raised their price objective on Toll Brothers from $130.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, August 22nd. Finally, StockNews.com downgraded Toll Brothers from a "buy" rating to a "hold" rating in a research report on Wednesday, September 11th.

Insiders Place Their Bets

In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the transaction, the chief executive officer now owns 346,382 shares in the company, valued at approximately $51,087,881.18. This trade represents a 20.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of the company's stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $155.44, for a total value of $777,200.00. Following the sale, the chief financial officer now directly owns 9,721 shares in the company, valued at approximately $1,511,032.24. This represents a 33.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 216,257 shares of company stock valued at $32,602,152 in the last ninety days. Corporate insiders own 1.54% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Larson Financial Group LLC lifted its holdings in Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock worth $28,000 after acquiring an additional 66 shares during the last quarter. First Trust Direct Indexing L.P. raised its position in shares of Toll Brothers by 1.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company's stock worth $786,000 after purchasing an additional 72 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Toll Brothers by 11.2% in the 2nd quarter. Fifth Third Bancorp now owns 814 shares of the construction company's stock worth $94,000 after purchasing an additional 82 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in Toll Brothers by 3.7% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company's stock valued at $363,000 after purchasing an additional 83 shares during the period. Finally, Clifford Swan Investment Counsel LLC grew its stake in Toll Brothers by 5.1% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company's stock worth $212,000 after buying an additional 89 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Trading Down 0.7 %

Toll Brothers stock traded down $1.03 during trading on Friday, reaching $152.67. The company had a trading volume of 782,804 shares, compared to its average volume of 1,362,410. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The firm has a market capitalization of $15.42 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 1.13 and a beta of 1.68. Toll Brothers has a 12-month low of $84.40 and a 12-month high of $160.12. The stock's 50 day moving average price is $151.01 and its two-hundred day moving average price is $135.07.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the company posted $3.73 EPS. The business's quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities analysts expect that Toll Brothers will post 13.53 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a yield of 0.60%. Toll Brothers's dividend payout ratio (DPR) is 6.34%.

About Toll Brothers

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.