Toll Brothers (NYSE:TOL) Given Outperform Rating at Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of Toll Brothers (NYSE:TOL) in a research report sent to investors on Thursday,Benzinga reports. Royal Bank Of Canada currently has a $158.00 price objective on the construction company’s stock.

Several other research analysts have also recently weighed in on TOL. Weiss Ratings cut shares of Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Evercore reissued an “outperform” rating and set a $185.00 price objective on shares of Toll Brothers in a research note on Thursday, May 21st. Citigroup assumed coverage on Toll Brothers in a research note on Tuesday. They issued an “outperform” rating on the stock. Truist Financial dropped their price target on Toll Brothers from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Wells Fargo & Company boosted their price objective on Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus target price of $163.56.

Toll Brothers Price Performance

Shares of TOL traded up $0.03 during midday trading on Thursday, hitting $147.24. 138,267 shares of the company traded hands, compared to its average volume of 1,193,889. Toll Brothers has a one year low of $104.09 and a one year high of $168.36. The firm has a market cap of $13.76 billion, a P/E ratio of 11.14, a PEG ratio of 1.15 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59. The stock has a 50-day moving average of $138.81 and a 200-day moving average of $142.44.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.58 by $0.14. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. Toll Brothers’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.50 earnings per share. As a group, sell-side analysts predict that Toll Brothers will post 12.68 EPS for the current fiscal year.

Insider Buying and Selling

In other Toll Brothers news, Director Stephen F. East sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total transaction of $139,700.00. Following the sale, the director owned 13,442 shares in the company, valued at $1,877,847.40. This trade represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Toll Brothers

Large investors have recently modified their holdings of the company. Hilton Head Capital Partners LLC grew its holdings in shares of Toll Brothers by 65.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock valued at $26,000 after purchasing an additional 74 shares during the last quarter. Wiser Advisor Group LLC purchased a new stake in Toll Brothers in the third quarter worth $27,000. Pinnacle Holdings LLC purchased a new stake in shares of Toll Brothers in the 4th quarter worth about $27,000. Abich Financial Wealth Management LLC bought a new stake in Toll Brothers during the 3rd quarter valued at approximately $28,000. Finally, Ramirez Asset Management Inc. bought a new stake in shares of Toll Brothers during the third quarter valued at approximately $28,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

About Toll Brothers

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.