Toll Brothers (NYSE:TOL) Price Target Raised to $170.00

Toll Brothers (NYSE:TOLFree Report) had its target price lifted by Keefe, Bruyette & Woods from $143.00 to $170.00 in a research note released on Wednesday,Benzinga reports. They currently have a market perform rating on the construction company’s stock.

Several other equities research analysts also recently weighed in on the stock. Zacks Research raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. BTIG Research initiated coverage on shares of Toll Brothers in a research report on Monday, December 1st. They set a “neutral” rating for the company. Weiss Ratings raised Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. upped their price objective on shares of Toll Brothers from $141.00 to $143.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Finally, Wells Fargo & Company boosted their target price 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. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.60.

Read Our Latest Stock Report on Toll Brothers

Toll Brothers Price Performance

Shares of NYSE TOL opened at $157.23 on Wednesday. The firm has a market capitalization of $14.90 billion, a P/E ratio of 11.23, a PEG ratio of 1.24 and a beta of 1.47. Toll Brothers has a one year low of $86.67 and a one year high of $168.36. The company’s fifty day moving average is $148.19 and its two-hundred day moving average is $140.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 4.57.

Toll Brothers (NYSE:TOLGet Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.14. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the business posted $1.75 EPS. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. Analysts forecast that Toll Brothers will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, January 9th. Toll Brothers’s payout ratio is 7.14%.

Insider Transactions at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were 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 of the company’s stock, valued at approximately $51,535,887.52. The trade was a 12.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul E. Shapiro sold 3,965 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $146.68, for a total value of $581,586.20. Following the sale, the director owned 118,680 shares of the company’s stock, valued at approximately $17,407,982.40. This represents a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

A number of institutional investors and hedge funds have recently bought and sold shares of TOL. Price T Rowe Associates Inc. MD increased its stake in shares of Toll Brothers by 2,067.8% during 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 buying an additional 3,151,509 shares during the period. Capital World Investors increased its holdings in shares of Toll Brothers by 51.5% during the third quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock valued at $716,625,000 after acquiring an additional 1,763,211 shares in the last quarter. Norges Bank purchased a new position in shares of Toll Brothers in the 2nd quarter worth about $154,782,000. AQR Capital Management LLC raised its position in Toll Brothers by 83.1% in the 2nd quarter. AQR Capital Management LLC now owns 2,607,993 shares of the construction company’s stock worth $297,650,000 after buying an additional 1,183,304 shares during the last quarter. Finally, Holocene Advisors LP raised its stake in Toll Brothers by 78.0% during the 3rd quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock valued at $307,263,000 after buying an additional 974,567 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Key Toll Brothers News

Here are the key news stories impacting Toll Brothers this week:

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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