Seaport Research Partners Reiterates “Neutral” Rating for Toll Brothers (NYSE:TOL)

Toll Brothers (NYSE:TOL)‘s stock had its “neutral” rating restated by Seaport Research Partners in a research report issued on Tuesday, Marketbeat Ratings reports.

TOL has been the subject of a number of other research reports. Evercore set a $174.00 price objective on shares of Toll Brothers in a report on Thursday, February 19th. Weiss Ratings raised Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. Truist Financial started coverage on Toll Brothers in a research note on Wednesday, March 4th. They set a “buy” rating and a $190.00 price objective on the stock. Keefe, Bruyette & Woods raised their price objective on Toll Brothers from $143.00 to $170.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 25th. Finally, Zacks Research raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $165.56.

Toll Brothers Stock Up 4.7%

Shares of NYSE TOL opened at $139.29 on Tuesday. The stock has a market cap of $13.19 billion, a P/E ratio of 9.95, a P/E/G ratio of 1.06 and a beta of 1.49. The firm has a 50 day moving average price of $147.28 and a 200 day moving average price of $140.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 4.57. Toll Brothers has a 52-week low of $86.67 and a 52-week high of $168.36.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, February 17th. The construction company reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.14. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.75 earnings per share. Analysts expect that Toll Brothers will post 13.83 EPS for the current year.

Insiders Place Their Bets

In other news, Director Paul E. Shapiro sold 3,965 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $146.68, for a total transaction of $581,586.20. Following the completion of the transaction, the director directly owned 118,680 shares of the company’s stock, valued at $17,407,982.40. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total value of $7,237,508.72. Following the transaction, the chief executive officer directly owned 321,256 shares of the company’s stock, valued at $51,535,887.52. This represents a 12.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Wiser Advisor Group LLC acquired a new stake in shares of Toll Brothers in the third quarter valued at approximately $27,000. Pinnacle Holdings LLC acquired a new stake in shares of Toll Brothers in the fourth quarter valued at approximately $27,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Toll Brothers in the third quarter valued at approximately $28,000. Ramirez Asset Management Inc. acquired a new stake in shares of Toll Brothers in the third quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Toll Brothers in the third quarter valued at approximately $29,000. 91.76% of the stock is owned by institutional investors and hedge funds.

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.