Oppenheimer Increases Toll Brothers (NYSE:TOL) Price Target to $189.00

Toll Brothers (NYSE:TOL) had its price objective hoisted by Oppenheimer from $168.00 to $189.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Oppenheimer’s price objective indicates a potential upside of 22.84% from the stock’s previous close.

A number of other research firms also recently issued reports on TOL. Barclays increased their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, August 22nd. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a research report on Wednesday, August 21st. Argus increased their price target on shares of Toll Brothers from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Evercore ISI boosted their price objective on shares of Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Royal Bank of Canada upped their price target on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” 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 given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $147.07.

Toll Brothers Stock Performance

Shares of NYSE:TOL opened at $153.86 on Wednesday. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $141.63 and a 200-day moving average price of $128.60. The company has a market cap of $15.79 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 1.25 and a beta of 1.67. Toll Brothers has a 12 month low of $68.08 and a 12 month high of $156.08.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. Toll Brothers’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.73 EPS. As a group, equities analysts anticipate that Toll Brothers will post 13.51 EPS for the current year.

Insiders Place Their Bets

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $154.51, for a total value of $7,725,500.00. Following the completion of the sale, the chief executive officer now owns 246,382 shares in the company, valued at $38,068,482.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction on Friday, September 27th. The shares were sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the transaction, the chief executive officer now owns 246,382 shares in the company, valued at approximately $38,068,482.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 191,257 shares of company stock worth $28,646,402. Company insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TOL. Orion Portfolio Solutions LLC lifted its holdings in Toll Brothers by 29.3% during the fourth quarter. Orion Portfolio Solutions LLC now owns 5,376 shares of the construction company’s stock worth $549,000 after buying an additional 1,218 shares during the period. KBC Group NV boosted its position in Toll Brothers by 92.0% in the 4th quarter. KBC Group NV now owns 4,696 shares of the construction company’s stock worth $483,000 after purchasing an additional 2,250 shares in the last quarter. Rafferty Asset Management LLC grew its position in Toll Brothers by 19.8% during the fourth quarter. Rafferty Asset Management LLC now owns 77,435 shares of the construction company’s stock valued at $7,960,000 after buying an additional 12,775 shares during the period. Belpointe Asset Management LLC increased its stake in shares of Toll Brothers by 11.5% in the 4th quarter. Belpointe Asset Management LLC now owns 3,726 shares of the construction company’s stock valued at $383,000 after purchasing an additional 384 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Toll Brothers by 1.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,090,802 shares of the construction company’s stock worth $112,124,000 after buying an additional 12,493 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

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.