Toll Brothers (NYSE:TOL) Price Target Increased to $189.00 by Analysts at Oppenheimer

Toll Brothers (NYSE:TOL) had its target price upped by Oppenheimer from $168.00 to $189.00 in a research note published on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the construction company’s stock.

Other research analysts have also issued reports about the stock. Keefe, Bruyette & Woods reaffirmed an outperform rating and issued a $142.00 price target on shares of Toll Brothers in a research note on Wednesday, August 21st. StockNews.com lowered Toll Brothers from a buy rating to a hold rating in a research note on Wednesday, September 11th. Barclays boosted their price target on Toll Brothers from $116.00 to $135.00 and gave the stock an underweight rating in a research report on Thursday, August 22nd. Royal Bank of Canada raised 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. Finally, The Goldman Sachs Group raised shares of 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 report on Monday, June 17th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $147.07.

Toll Brothers Trading Down 2.5 %

Toll Brothers stock opened at $149.89 on Wednesday. The stock has a market cap of $15.39 billion, a P/E ratio of 10.24, a PEG ratio of 1.23 and a beta of 1.66. The firm’s 50 day moving average price is $141.84 and its 200-day moving average price is $128.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. Toll Brothers has a 1 year low of $68.08 and a 1 year high of $156.08.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the firm posted $3.73 earnings per share. Toll Brothers’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities analysts predict that Toll Brothers will post 13.51 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.61%. The ex-dividend date is Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Insider Buying and Selling at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total value of $12,917,764.16. Following the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Toll Brothers news, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total value of $3,248,587.44. Following the completion of the transaction, the chief financial officer now owns 14,721 shares in the company, valued at approximately $2,109,224.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $12,917,764.16. Following the sale, the chief executive officer now owns 346,382 shares in the company, valued at $51,087,881.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 191,257 shares of company stock valued at $28,646,402 in the last ninety days. Insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Register Financial Advisors LLC acquired a new position in Toll Brothers during the first quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Toll Brothers during the 2nd quarter worth $29,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Toll Brothers by 114.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after buying an additional 142 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in Toll Brothers in the 1st quarter valued at about $34,000. Finally, Rise Advisors LLC purchased a new position in Toll Brothers during the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

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.