Wedbush Reaffirms Outperform Rating for Toll Brothers (NYSE:TOL)

Toll Brothers (NYSE:TOL)‘s stock had its “outperform” rating reaffirmed by research analysts at Wedbush in a report issued on Monday,RTT News reports. They currently have a $175.00 price target on the construction company’s stock. Wedbush’s price target suggests a potential upside of 6.77% from the company’s previous close.

TOL has been the topic of a number of other research reports. Royal Bank of Canada raised their target price on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Seaport Res Ptn cut shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $142.00 price target on shares of Toll Brothers in a research note on Wednesday, August 21st. Finally, Barclays upped their target price on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and an average target price of $148.87.

Toll Brothers Stock Down 0.8 %

Shares of TOL stock traded down $1.26 during mid-day trading on Monday, hitting $163.91. The company’s stock had a trading volume of 722,127 shares, compared to its average volume of 1,346,774. The business has a 50-day moving average price of $153.72 and a 200 day moving average price of $137.83. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The stock has a market cap of $16.55 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 1.24 and a beta of 1.68. Toll Brothers has a 52-week low of $86.38 and a 52-week high of $169.52.

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 5,000 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $155.44, for a total transaction of $777,200.00. Following the completion of the transaction, the chief financial officer now directly owns 9,721 shares of the company’s stock, valued at $1,511,032.24. The trade was a 33.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the sale, the chief executive officer now directly owns 221,382 shares in the company, valued at $35,029,273.86. This represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,000 shares of company stock worth $16,435,800. 1.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TOL. TCW Group Inc. boosted its holdings in shares of Toll Brothers by 27.9% in the second quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock valued at $8,713,000 after acquiring an additional 16,503 shares in the last quarter. Chartwell Investment Partners LLC lifted its holdings in Toll Brothers by 66.5% in the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after purchasing an additional 14,092 shares in the last quarter. Avior Wealth Management LLC boosted its position in Toll Brothers by 4,894.1% during the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after acquiring an additional 3,328 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Toll Brothers by 62,605.9% in the 3rd quarter. International Assets Investment Management LLC now owns 10,660 shares of the construction company’s stock valued at $1,647,000 after buying an additional 10,643 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Toll Brothers by 14.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,571 shares of the construction company’s stock worth $7,319,000 after buying an additional 6,998 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

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.