Toll Brothers (NYSE:TOL) Price Target Raised to $148.00

Toll Brothers (NYSE:TOL) had its target price increased by Wedbush from $120.00 to $148.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the construction company’s stock. 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, Q3 2025 earnings at $4.22 EPS, Q4 2025 earnings at $5.03 EPS, FY2025 earnings at $14.86 EPS, Q1 2026 earnings at $2.22 EPS, Q2 2026 earnings at $3.72 EPS, Q3 2026 earnings at $4.72 EPS and FY2026 earnings at $16.42 EPS.

Several other brokerages have also weighed in on TOL. Raymond James reaffirmed a strong-buy rating and issued a $145.00 target price (up from $135.00) on shares of Toll Brothers in a research report on Thursday, May 23rd. The Goldman Sachs Group raised Toll Brothers from a sell rating to a neutral rating and upped their target price for the stock from $112.00 to $124.00 in a research report on Monday, June 17th. Barclays upped their target price on Toll Brothers from $116.00 to $135.00 and gave the stock an underweight rating in a research report on Thursday, August 22nd. Bank of America increased 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. Finally, UBS Group increased their price objective on Toll Brothers from $140.00 to $154.00 and gave the company a buy rating in a report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $144.67.

Toll Brothers Stock Up 0.1 %

Shares of Toll Brothers stock opened at $142.38 on Tuesday. The stock has a 50-day moving average price of $128.04 and a 200 day moving average price of $122.49. The company has a market cap of $14.62 billion, a P/E ratio of 9.73, a P/E/G ratio of 1.19 and a beta of 1.67. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. Toll Brothers has a 1 year low of $68.08 and a 1 year high of $149.77.

Toll Brothers (NYSE:TOL) 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 company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the firm posted $3.73 EPS. The business’s revenue was up 1.5% compared to the same quarter last year. As a group, analysts expect that Toll Brothers will post 13.24 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were paid a $0.23 dividend. The ex-dividend date was Friday, July 5th. This represents a $0.92 annualized dividend and a dividend yield of 0.65%. Toll Brothers’s dividend payout ratio is currently 6.28%.

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 16,194 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $118.74, for a total value of $1,922,875.56. Following the sale, the chief financial officer now owns 28,527 shares of the company’s stock, valued at approximately $3,387,295.98. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Martin P. Connor sold 3,806 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total transaction of $463,723.04. Following the sale, the chief financial officer now directly owns 24,721 shares in the company, valued at approximately $3,012,006.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 16,194 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $118.74, for a total value of $1,922,875.56. Following the completion of the sale, the chief financial officer now owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 107,584 shares of company stock valued at $15,304,363. Corporate insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Large investors have recently made changes to their positions in the company. Ossiam boosted its stake in shares of Toll Brothers by 122.8% in the 4th quarter. Ossiam now owns 7,547 shares of the construction company’s stock valued at $776,000 after purchasing an additional 4,159 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Toll Brothers by 36.4% during 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 raised its position in shares of Toll Brothers by 46.7% during the 1st 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 increased its holdings in Toll Brothers by 36.5% in the first quarter. Van ECK Associates Corp now owns 40,465 shares of the construction company’s stock valued at $5,235,000 after purchasing an additional 10,823 shares during the last quarter. Finally, TCW Group Inc. boosted its holdings in Toll Brothers by 27.9% during the second quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock worth $8,713,000 after buying an additional 16,503 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

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.