Toll Brothers Inc. (NYSE:TOL)‘s stock had its “hold” rating reissued by Keefe, Bruyette & Woods in a research report issued on Sunday. They presently have a $40.00 price target on the construction company’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential downside of 6.35% from the company’s current price.
Several other equities research analysts have also commented on the company. J P Morgan Chase & Co lowered Toll Brothers from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $41.00 to $45.00 in a research report on Thursday, September 14th. Mizuho restated a “buy” rating on shares of Toll Brothers in a research report on Tuesday, July 11th. BidaskClub lowered Toll Brothers from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Credit Suisse Group started coverage on Toll Brothers in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $39.00 price objective on the stock. Finally, Barclays PLC lowered Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 price objective on the stock. in a research report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.67.
Shares of Toll Brothers (NYSE:TOL) traded up 0.90% during trading on Friday, reaching $42.71. 1,229,949 shares of the company’s stock traded hands. The stock has a market cap of $6.76 billion, a P/E ratio of 15.92 and a beta of 1.50. Toll Brothers has a one year low of $26.65 and a one year high of $42.80. The company has a 50 day moving average price of $39.59 and a 200-day moving average price of $38.32.
Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, August 22nd. The construction company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.19. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the firm posted $0.61 EPS. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts expect that Toll Brothers will post $3.19 EPS for the current fiscal year.
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In related news, Director Carl B. Marbach sold 12,900 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $39.97, for a total value of $515,613.00. Following the completion of the transaction, the director now directly owns 114,149 shares of the company’s stock, valued at approximately $4,562,535.53. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard J. Braemer sold 7,500 shares of the stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $37.88, for a total value of $284,100.00. Following the completion of the transaction, the director now directly owns 110,373 shares of the company’s stock, valued at $4,180,929.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,400 shares of company stock valued at $882,613. 8.78% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. M Holdings Securities Inc. raised its stake in Toll Brothers by 53.4% in the 2nd quarter. M Holdings Securities Inc. now owns 14,483 shares of the construction company’s stock valued at $572,000 after purchasing an additional 5,042 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in Toll Brothers by 13.0% in the 2nd quarter. Lord Abbett & CO. LLC now owns 137,500 shares of the construction company’s stock valued at $5,433,000 after purchasing an additional 15,800 shares during the last quarter. Toronto Dominion Bank raised its stake in Toll Brothers by 5.2% in the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock valued at $154,000 after purchasing an additional 192 shares during the last quarter. Advisory Services Network LLC raised its stake in Toll Brothers by 99.9% in the 2nd quarter. Advisory Services Network LLC now owns 6,336 shares of the construction company’s stock valued at $250,000 after purchasing an additional 3,166 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Toll Brothers in the 2nd quarter valued at $1,009,000. 80.69% of the stock is owned by hedge funds and other institutional investors.
About Toll Brothers
Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
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