Toll Brothers (NYSE:TOL) Price Target Increased to $107.00 by Analysts at UBS Group

Posted by Defense World Staff on Aug 25th, 2023

Toll Brothers (NYSE:TOL – Free Report) had its target price raised by UBS Group from $82.00 to $107.00 in a research note released on Thursday morning, Benzinga reports. They currently have a buy rating on the construction company’s stock.

A number of other research analysts have also recently issued reports on TOL. Barclays lifted their price objective on Toll Brothers from $73.00 to $81.00 and gave the company an underweight rating in a report on Thursday. Wedbush upped their price objective on shares of Toll Brothers from $73.00 to $82.00 and gave the stock a neutral rating in a research note on Thursday. Seaport Res Ptn reaffirmed a neutral rating on shares of Toll Brothers in a report on Wednesday, June 14th. Deutsche Bank Aktiengesellschaft boosted their target price on Toll Brothers from $94.00 to $96.00 and gave the stock a buy rating in a report on Thursday. Finally, Bank of America raised their price target on Toll Brothers from $76.00 to $88.00 in a report on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $87.31.

Check Out Our Latest Analysis on TOL

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $78.07 on Thursday. The firm has a market cap of $8.54 billion, a P/E ratio of 5.61, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The firm’s 50-day simple moving average is $78.81 and its 200-day simple moving average is $68.08. Toll Brothers has a twelve month low of $39.53 and a twelve month high of $83.72. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 5.00.

Toll Brothers (NYSE:TOL – Get Free Report) last released its quarterly earnings data on Wednesday, August 23rd. The construction company reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.88. Toll Brothers had a return on equity of 22.97% and a net margin of 14.66%. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the business earned $2.35 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, research analysts expect that Toll Brothers will post 10.67 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $0.84 dividend on an annualized basis and a yield of 1.08%. Toll Brothers’s payout ratio is 6.04%.

Insider Buying and Selling at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $81.90, for a total transaction of $4,095,000.00. Following the completion of the sale, the chief executive officer now owns 246,547 shares in the company, valued at approximately $20,192,199.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $81.90, for a total transaction of $4,095,000.00. Following the transaction, the chief executive officer now owns 246,547 shares in the company, valued at approximately $20,192,199.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Michael J. Grubb sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $81.43, for a total transaction of $40,715.00. Following the transaction, the chief accounting officer now directly owns 1,204 shares of the company’s stock, valued at $98,041.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 212,721 shares of company stock worth $15,964,889. Company insiders own 1.79% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

A number of hedge funds and other institutional investors have recently made changes to their positions in TOL. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Toll Brothers by 104,751.7% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 79,592,943 shares of the construction company’s stock worth $6,293,414,000 after acquiring an additional 79,517,033 shares during the last quarter. Millennium Management LLC boosted its position in shares of Toll Brothers by 271.6% during the 4th quarter. Millennium Management LLC now owns 3,096,331 shares of the construction company’s stock valued at $154,569,000 after purchasing an additional 2,263,039 shares in the last quarter. Arete Wealth Advisors LLC acquired a new stake in shares of Toll Brothers during the 1st quarter worth approximately $2,627,000. Norges Bank acquired a new stake in Toll Brothers in the fourth quarter worth $53,702,000. Finally, Vanguard Group Inc. grew its stake in shares of Toll Brothers by 9.1% in the 1st quarter. Vanguard Group Inc. now owns 11,623,797 shares of the construction company’s stock valued at $546,551,000 after buying an additional 968,528 shares during the period. 91.89% of the stock is currently owned by institutional investors and hedge funds.

About Toll Brothers

(Get Free Report)

Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and caters to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.