Toll Brothers (NYSE:TOL) Price Target Raised to $165.00

Toll Brothers (NYSE:TOL) had its target price increased by equities researchers at Bank of America from $160.00 to $165.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Bank of America‘s target price would suggest a potential upside of 9.69% from the stock’s current price.

TOL has been the topic of several other reports. Raymond James reissued a “strong-buy” rating and issued a $145.00 price target (up from $135.00) on shares of Toll Brothers in a research note on Thursday, May 23rd. Wells Fargo & Company boosted their target price on shares of Toll Brothers from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a report on Wednesday, August 21st. Oppenheimer upped their price objective on shares of Toll Brothers from $157.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, Barclays raised their target price on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.00.

Toll Brothers Trading Down 1.8 %

TOL opened at $150.42 on Thursday. Toll Brothers has a twelve month low of $68.08 and a twelve month high of $154.62. The company has a fifty day moving average of $137.63 and a 200-day moving average of $126.51. The stock has a market cap of $15.19 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 1.23 and a beta of 1.67. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.29. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $3.73 EPS. On average, sell-side analysts predict that Toll Brothers will post 13.31 EPS for the current year.

Insider Buying and Selling

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $51,087,881.18. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the completion of the sale, the chief financial officer now directly owns 14,721 shares of the company’s stock, valued at $2,109,224.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction 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 directly owns 346,382 shares in the company, valued at approximately $51,087,881.18. The disclosure for this sale can be found here. 1.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Toll Brothers

Large investors have recently made changes to their positions in the business. Ossiam grew its position in Toll Brothers by 122.8% during the fourth quarter. Ossiam now owns 7,547 shares of the construction company’s stock valued at $776,000 after buying an additional 4,159 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Toll Brothers by 36.4% in the first quarter. Oppenheimer & Co. Inc. now owns 31,727 shares of the construction company’s stock valued at $4,105,000 after acquiring an additional 8,474 shares during the last quarter. Private Advisor Group LLC boosted its stake in Toll Brothers by 46.7% in the first quarter. Private Advisor Group LLC now owns 25,870 shares of the construction company’s stock valued at $3,347,000 after acquiring an additional 8,234 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Toll Brothers by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 40,465 shares of the construction company’s stock valued at $5,235,000 after acquiring an additional 10,823 shares during the period. Finally, TCW Group Inc. increased its stake in shares of Toll Brothers by 27.9% during the 2nd quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock worth $8,713,000 after purchasing an additional 16,503 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Company Profile

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.