In yesterday’s Wall Street session, Toll Brothers Inc. (NYSE:TOL) shares traded at $78.59, down -4.14% from the previous session.
20 analysts cover Toll Brothers Inc. (NYSE:TOL), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $100.00 and a low of $70.00, we find $84.00. Given the previous closing price of $81.98, this indicates a potential upside of 2.46 percent. TOL stock price is now 7.54% away from the 50-day moving average and 35.06% away from the 200-day moving average. The market capitalization of the company currently stands at $8.44B.
The stock has received a hold rating from 7 analysts and a buy rating from 11. Brokers who have rated the stock have averaged $84.14 as their price target over the next twelve months.
With the price target enhanced from $77 to $100, Raymond James Upgraded its rating from Outperform to Strong Buy for Toll Brothers Inc. (NYSE: TOL).
In other news, Yearley Douglas C. Jr., Chief Executive Officer sold 20,000 shares of the company’s stock on Jul 14. The stock was sold for $1,665,082 at an average price of $83.25. Upon completion of the transaction, the Chief Executive Officer now directly owns 246,547 shares in the company, valued at $19.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 13, Chief Executive Officer Yearley Douglas C. Jr. sold 50,000 shares of the business’s stock. A total of $4,094,920 was realized by selling the stock at an average price of $81.90. This leaves the insider owning 246,547 shares of the company worth $19.38 million. Insiders disposed of 522,606 shares of company stock worth roughly $41.07 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TOL stock. A new stake in Toll Brothers Inc. shares was purchased by CANDLESTICK CAPITAL MANAGEMENT LP during the first quarter worth $32,079,000. EMPOWERED FUNDS, LLC invested $9,186,000 in shares of TOL during the first quarter. In the first quarter, FIERA CAPITAL CORP acquired a new stake in Toll Brothers Inc. valued at approximately $6,322,000. FIRST REPUBLIC INVESTMENT MANAGEMENT, INC. acquired a new stake in TOL for approximately $6,086,000. HOOK MILL CAPITAL PARTNERS, LP purchased a new stake in TOL valued at around $6,011,000 in the second quarter.
On Thursday morning Toll Brothers Inc. (NYSE: TOL) stock kicked off with the opening price of $82.24. During the past 12 months, Toll Brothers Inc. has had a low of $39.53 and a high of $83.72. According to the stock market information, the enterprise value for the company is $10.81B, which is based on a 6.27 price-to-earnings ratio, a 1.76 price-to-earnings-growth ratio, and a beta of 1.42. The fifty day moving average price for TOL is $73.36 and a two-hundred day moving average price translates $58.37 for the stock.
The latest earnings results from Toll Brothers Inc. (NYSE: TOL) was released for Apr, 2023. According to the Residential Construction Company, earnings per share came in at $2.85, beating analysts’ expectations of $1.91 by 0.94. This compares to $1.85 EPS in the same period last year. The net profit margin was 13.60% and return on equity was 23.60% for TOL. The company reported revenue of $2.51 billion for the quarter, compared to $2.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.07 percent. For the current quarter, analysts expect TOL to generate $2.41B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/21/2023. Investors who held shares on 07/07/2023 were paid a $0.21 dividend. On an annualized basis, this represents a $0.84 dividend and a 1.07% percent yield. There was an ex-dividend date of 07/06/2023 for this dividend. In terms of dividend payout ratio, TOL is presently at 6.40%.
Toll Brothers Inc.(TOL) 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 also designs, builds, markets, and sells condominiums through Toll Brothers City Living. In addition, the company 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; develops and sells land; and develops, operates, and rents apartments, as well as provides various interior fit-out options, such as flooring, wall tile, plumbing, cabinets, fixtures, appliances, lighting, and home-automation and security technologies. Further, it owns and operates architectural, engineering, mortgage, title, insurance, smart home technology, landscaping, lumber distribution, house component assembly, and manufacturing operations. The company serves first-time, move-up, empty-nester, active-adult, and second-home buyers. It has a strategic partnership with Equity Residential to develop new rental apartment communities in the United States markets. The company was founded in 1967 and is headquartered in Fort Washington, Pennsylvania.
