Toll Brothers (NYSE:TOL) PT Raised to $148.00

Toll Brothers (NYSE:TOL) had its price objective boosted by stock analysts at Wedbush from $120.00 to $148.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the construction company’s stock. Wedbush’s price objective would indicate a potential upside of 4.12% from the company’s current price. Wedbush also issued estimates for Toll Brothers’ Q4 2024 earnings at $4.32 EPS, FY2024 earnings at $13.53 EPS, Q1 2025 earnings at $2.10 EPS, Q2 2025 earnings at $3.58 EPS, Q4 2025 earnings at $5.03 EPS and FY2025 earnings at $14.86 EPS.

A number of other equities research analysts have also weighed in on TOL. Bank of America lifted their price objective on Toll Brothers from $150.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Argus lifted their price objective on Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Royal Bank of Canada lifted their price objective on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. StockNews.com lowered Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $142.00 price objective on shares of Toll Brothers in a report on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus price target of $144.67.

Toll Brothers Stock Performance

NYSE TOL opened at $142.14 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. Toll Brothers has a 52-week low of $68.08 and a 52-week high of $149.77. The business’s 50-day moving average price is $127.51 and its 200 day moving average price is $122.35. The firm has a market cap of $14.59 billion, a P/E ratio of 9.71, a P/E/G ratio of 1.05 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the previous year, the company earned $3.73 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities research analysts expect that Toll Brothers will post 14.63 earnings per share for the current year.

Insider Buying and Selling

In related 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 transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of Toll Brothers stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total value of $463,723.04. Following the completion of the sale, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $12,917,764.16. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at $51,087,881.18. The disclosure for this sale can be found here. Insiders sold 107,584 shares of company stock worth $15,304,363 in the last ninety days. Insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ossiam grew its stake in Toll Brothers by 122.8% in the 4th quarter. Ossiam now owns 7,547 shares of the construction company’s stock worth $776,000 after acquiring an additional 4,159 shares during the period. Oppenheimer & Co. Inc. grew its stake in Toll Brothers by 36.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 31,727 shares of the construction company’s stock worth $4,105,000 after acquiring an additional 8,474 shares during the period. Private Advisor Group LLC grew its stake in Toll Brothers by 46.7% in the 1st quarter. Private Advisor Group LLC now owns 25,870 shares of the construction company’s stock worth $3,347,000 after acquiring an additional 8,234 shares during the period. Van ECK Associates Corp grew its stake in Toll Brothers by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 40,465 shares of the construction company’s stock worth $5,235,000 after acquiring an additional 10,823 shares during the period. Finally, Gladstone Institutional Advisory LLC purchased a new stake in Toll Brothers in the 4th quarter worth approximately $4,565,000. 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.