Can Market Sentiment Sustain TOL's Price Surge Today?

After this morning's 3.5% surge to $67.38 per share, Toll Brothers might just keep moving past its target price of $67.17. With an average analyst rating of buy, and target prices from $50.0 to $87.0, the stock's next move is anyone's guess.

The stock has an average amount of shares sold short at 3.7%, and a short ratio of 2.8. Since 1.1% of the company's shares are owned by insiders, we can infer that there is a degree of alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 94.0% of Toll Brothers's shares being owned by this investor type.

Institutions Invested in Toll Brothers

Date Reported Holder Percentage Shares Value
2023-03-31 Vanguard Group, Inc. (The) 11% 11,654,300 $785,266,701
2023-03-31 Blackrock Inc. 9% 10,143,226 $683,450,540
2023-03-31 Capital International Investors 7% 7,432,690 $500,814,631
2023-03-31 Greenhaven Associates, Inc. 5% 5,346,935 $360,276,465
2023-03-31 Massachusetts Financial Services Co. 4% 3,987,136 $268,653,212
2023-03-31 Dimensional Fund Advisors LP 3% 3,799,179 $255,988,670
2023-03-31 State Street Corporation 3% 3,684,205 $248,241,722
2023-03-31 Capital World Investors 3% 3,244,217 $218,595,332
2023-03-31 Bank Of New York Mellon Corporation 3% 2,834,634 $190,997,631
2023-03-31 AQR Capital Management, LLC 2% 2,582,621 $174,016,995

Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Toll Brothers.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.