Toll Brothers (NYSE:TOL) Research Coverage Started at Truist Financial

Truist Financial assumed coverage on shares of Toll Brothers (NYSE:TOLFree Report) in a research note released on Wednesday, MarketBeat.com reports. The brokerage issued a buy rating and a $190.00 target price on the construction company’s stock.

A number of other equities research analysts have also recently weighed in on TOL. Oppenheimer reissued an “outperform” rating and issued a $180.00 price target (up from $177.00) on shares of Toll Brothers in a research report on Thursday, February 19th. Evercore set a $174.00 price objective on Toll Brothers in a report on Thursday, February 19th. Wells Fargo & Company lifted their target price on Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Royal Bank Of Canada boosted their target price on Toll Brothers from $144.00 to $161.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Finally, Barclays reissued an “underweight” rating on shares of Toll Brothers in a research report on Monday, February 23rd. Two research analysts have 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.25.

Read Our Latest Analysis on Toll Brothers

Toll Brothers Stock Down 1.4%

TOL stock opened at $147.55 on Wednesday. The stock has a market cap of $13.97 billion, a P/E ratio of 10.54, a PEG ratio of 1.17 and a beta of 1.45. 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 has a twelve month low of $86.67 and a twelve month high of $168.36. The company’s 50 day moving average is $149.44 and its two-hundred day moving average is $141.35.

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

Toll Brothers Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Paul E. Shapiro sold 3,965 shares of the company’s stock in a transaction dated 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 approximately $17,407,982.40. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the sale, the chief executive officer owned 321,256 shares of the company’s stock, valued at $51,535,887.52. This trade represents a 12.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.37% of the company’s stock.

Institutional Trading of Toll Brothers

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wiser Advisor Group LLC purchased a new position in shares of Toll Brothers in the 3rd quarter valued at approximately $27,000. Pinnacle Holdings LLC acquired a new position in shares of Toll Brothers in the fourth quarter valued at approximately $27,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Toll Brothers during the third quarter worth approximately $28,000. Ramirez Asset Management Inc. purchased a new stake in shares of Toll Brothers during the third quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Toll Brothers during the third quarter worth $29,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers News Roundup

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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