Wells Fargo & Company Boosts Toll Brothers (NYSE:TOL) Price Target to $130.00

Toll Brothers (NYSE:TOL) had its price target raised by Wells Fargo & Company from $125.00 to $130.00 in a research report sent to investors on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the construction company’s stock.

TOL has been the subject of several other research reports. Evercore ISI reaffirmed an “outperform” rating and set a $169.00 price target (up previously from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Royal Bank Of Canada lowered their price objective on shares of Toll Brothers from $139.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, May 16th. Raymond James Financial restated a “strong-buy” rating and set a $130.00 target price (down previously from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. Wedbush reaffirmed an “outperform” rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, UBS Group reiterated a “buy” rating on shares of Toll Brothers in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $141.46.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $114.47 on Friday. The firm has a market capitalization of $11.24 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 1.18 and a beta of 1.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44. The business’s 50 day simple moving average is $105.54 and its 200-day simple moving average is $113.60. Toll Brothers has a 12 month low of $86.67 and a 12 month high of $169.52.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.64. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. Toll Brothers’s revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.38 earnings per share. As a group, equities analysts forecast that Toll Brothers will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.87%. Toll Brothers’s dividend payout ratio (DPR) is 7.42%.

Institutional Investors Weigh In On Toll Brothers

Institutional investors have recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new position in shares of Toll Brothers during the 4th quarter valued at $15,150,000. QRG Capital Management Inc. increased its holdings in Toll Brothers by 12.5% in the 4th quarter. QRG Capital Management Inc. now owns 30,771 shares of the construction company’s stock valued at $3,876,000 after purchasing an additional 3,421 shares in the last quarter. Bank OZK raised its position in Toll Brothers by 5.4% in the fourth quarter. Bank OZK now owns 14,586 shares of the construction company’s stock valued at $1,837,000 after purchasing an additional 745 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Toll Brothers by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 220,903 shares of the construction company’s stock worth $27,823,000 after purchasing an additional 3,793 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of Toll Brothers by 51.1% during the fourth quarter. US Bancorp DE now owns 5,462 shares of the construction company’s stock worth $688,000 after purchasing an additional 1,847 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

About Toll Brothers

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.