Evercore ISI Group Cuts Toll Brothers (TOL) Price Target to $184

On September 25, 2026, Evercore ISI Group maintained its Outperform rating on Toll Brothers, Inc. TOL while adjusting its price target down from $191.0 to $184.0. The research note provides a forward-looking view on the luxury homebuilder as market conditions shift.

TOL Toll Brothers, Inc.

$131.32 ▼ -2.42% year to date

1M 3M YTD

Daily close · Oct 19, 2026

Evercore ISI Group's Call on Toll Brothers

In its September 25 research note, Evercore ISI Group kept an Outperform rating on Toll Brothers while shifting its target to $184.0 from the previous $191.0. The stock closed at $137.34 on the day of the analyst update.

Other Institutional Activity in Toll Brothers

Institutional investors continue to adjust their holdings in the luxury builder. Annex Advisory Services grew its holdings by 214,438 shares, ending with 275,100 shares worth about $37,069,765. Meanwhile, Greenhaven Associates, Inc. trimmed its position by 15,242 shares, or 0.3%, holding 5,630,109 shares valued at roughly $738,219,864 in its report filed for June 30, 2026.

Toll Brothers, Inc. Stock Down 0.3%

Toll Brothers shares recently traded around $133.35 as of October 16, 2026, down about 2.9% since the Evercore update. The stock sits below its 50-day moving average of $140.07 and below its 200-day moving average of $144.13.

Recent Earnings

Toll Brothers reported trailing-twelve-month revenue of $10,759,035,904 with earnings of $12.41 per share. The company posted a net margin of 11.1% and a return on equity of 14.4%. The next earnings release is scheduled for December 8, 2026.

Dividend

The company pays an annual dividend yielding 0.78% with a payout ratio of 8.2%.

Insider Buying and Selling at Toll Brothers, Inc.

Company insiders made several share sales earlier in the year. Director John A. McLean sold 2,313 shares on March 4, 2026, at $153.43 per share for a total value of $354,889. Director Stephen F. East sold 1,000 shares on April 15, 2026, at $139.70 per share for $139,700. President Robert Parahus sold 7,500 shares on June 18, 2026, at $149.66 per share for $1,122,450. Douglas C. Yearley Jr., an officer and director, sold 77,957 shares on the same day at $156.58 per share for $12,206,375.

Analysts Set New Price Targets

Other Wall Street firms have also updated views on the stock. Keefe, Bruyette & Woods maintained an Outperform rating with a $170.0 target on August 28, 2026. Later, Morgan Stanley initiated coverage with an Overweight rating and a $159.0 target on October 1, 2026. Melius Research initiated a Buy rating with a $179.0 target on October 6, 2026. Barclays maintained an Underweight rating and adjusted its target to $118.0 on October 6, 2026. Overall, the stock carries a consensus buy rating with a mean price target of $169.65 across 17 analyst opinions.

About Toll Brothers

Toll Brothers, Inc. designs, builds, markets, and sells luxury detached and attached homes across residential communities in the United States, alongside condominium projects through Toll Brothers City Living. The firm caters to upscale home buyers.

Bottom Line

Evercore ISI Group's updated price target offers a fresh look at Toll Brothers as the company approaches its December earnings report. Investors will watch how housing demand impacts upcoming results.