Evercore ISI Raises Toll Brothers (NYSE:TOL) Price Target to $184.00

Toll Brothers (NYSE:TOL) had its target price increased by research analysts at Evercore ISI from $181.00 to $184.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the construction company’s stock. Evercore ISI’s price objective would suggest a potential upside of 28.12% from the company’s current price.

TOL has been the topic of several other research reports. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Bank of America upped their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Keefe, Bruyette & Woods downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $168.00 to $164.00 in a research note on Tuesday. Royal Bank of Canada upped their price objective on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.07.

Toll Brothers Stock Performance

Shares of NYSE:TOL traded down $1.98 during midday trading on Wednesday, hitting $143.62. The stock had a trading volume of 940,789 shares, compared to its average volume of 1,357,732. The company has a market capitalization of $14.50 billion, a PE ratio of 9.89, a P/E/G ratio of 1.16 and a beta of 1.69. The stock has a 50 day moving average price of $153.92 and a two-hundred day moving average price of $139.06. 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 $91.92 and a 1 year high of $169.52.

Toll Brothers (NYSE:TOL) last issued its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.29. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.11 earnings per share. As a group, equities analysts predict that Toll Brothers will post 13.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the sale, the chief executive officer now owns 221,382 shares in the company, valued at $35,029,273.86. The trade was a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John A. Mclean sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total transaction of $151,100.00. Following the sale, the director now owns 9,944 shares in the company, valued at $1,502,538.40. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,000 shares of company stock worth $16,435,800 in the last ninety days. 1.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Toll Brothers

Several large investors have recently added to or reduced their stakes in TOL. State Street Corp raised its stake in Toll Brothers by 1.2% during the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock valued at $565,802,000 after purchasing an additional 42,871 shares during the last quarter. Geode Capital Management LLC raised its stake in Toll Brothers by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock valued at $333,444,000 after purchasing an additional 84,652 shares during the last quarter. FMR LLC raised its stake in Toll Brothers by 97.7% during the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after purchasing an additional 1,046,758 shares during the last quarter. Pacer Advisors Inc. raised its stake in Toll Brothers by 34.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $241,380,000 after purchasing an additional 541,140 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in Toll Brothers by 81.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after purchasing an additional 431,160 shares during the last quarter. 91.76% of the stock is owned by 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.