Toll Brothers (NYSE:TOL – Get Rating) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
Several other research analysts have also recently issued reports on TOL. Evercore ISI increased their target price on shares of Toll Brothers to $63.00 in a report on Monday, December 12th. Barclays increased their price target on shares of Toll Brothers from $47.00 to $50.00 and gave the company an “underweight” rating in a research report on Thursday, December 8th. JPMorgan Chase & Co. raised shares of Toll Brothers from a “neutral” rating to an “overweight” rating and increased their price target for the company from $47.00 to $58.00 in a research report on Tuesday, November 22nd. UBS Group increased their price target on shares of Toll Brothers from $65.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, February 23rd. Finally, Oppenheimer increased their price target on shares of Toll Brothers from $71.00 to $73.00 and gave the company an “outperform” rating in a research report on Friday, February 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $59.00.
Toll Brothers Trading Down 1.5 %
Shares of NYSE TOL traded down $0.85 during mid-day trading on Friday, reaching $57.44. The company had a trading volume of 1,356,998 shares, compared to its average volume of 1,504,170. The business’s 50-day moving average is $57.10 and its 200-day moving average is $49.42. The company has a current ratio of 5.59, a quick ratio of 0.78 and a debt-to-equity ratio of 0.52. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 4.98, a price-to-earnings-growth ratio of 0.62 and a beta of 1.39. Toll Brothers has a 52 week low of $39.53 and a 52 week high of $63.19.
Toll Brothers (NYSE:TOL – Get Rating) last issued its earnings results on Wednesday, February 22nd. The construction company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.33. Toll Brothers had a net margin of 12.92% and a return on equity of 21.02%. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the business earned $1.24 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts expect that Toll Brothers will post 8.75 earnings per share for the current year.
Insider Buying and Selling at Toll Brothers
In other news, CEO Douglas C. Jr. Yearley sold 41,500 shares of Toll Brothers stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $52.31, for a total transaction of $2,170,865.00. Following the transaction, the chief executive officer now owns 180,710 shares in the company, valued at approximately $9,452,940.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Douglas C. Jr. Yearley sold 41,500 shares of the business’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $52.31, for a total value of $2,170,865.00. Following the sale, the chief executive officer now directly owns 180,710 shares in the company, valued at approximately $9,452,940.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Martin P. Connor sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $51.26, for a total transaction of $512,600.00. Following the completion of the sale, the chief financial officer now owns 31,220 shares in the company, valued at $1,600,337.20. The disclosure for this sale can be found here. Insiders sold a total of 92,825 shares of company stock worth $5,025,121 in the last three months. 1.79% of the stock is owned by corporate insiders.
Institutional Trading of Toll Brothers
Institutional investors and hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors raised its position in shares of Toll Brothers by 5.4% during the 2nd quarter. Captrust Financial Advisors now owns 4,918 shares of the construction company’s stock worth $219,000 after purchasing an additional 252 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Toll Brothers by 70.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 634 shares of the construction company’s stock valued at $28,000 after acquiring an additional 261 shares during the last quarter. Texas Permanent School Fund raised its holdings in Toll Brothers by 0.3% in the 2nd quarter. Texas Permanent School Fund now owns 79,941 shares of the construction company’s stock valued at $3,565,000 after acquiring an additional 276 shares during the last quarter. Strs Ohio raised its holdings in Toll Brothers by 1.0% in the 4th quarter. Strs Ohio now owns 28,425 shares of the construction company’s stock valued at $1,418,000 after acquiring an additional 289 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Toll Brothers by 16.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,368 shares of the construction company’s stock worth $118,000 after buying an additional 342 shares during the last quarter. 82.74% of the stock is currently owned by hedge funds and other institutional investors.
About Toll Brothers
Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and caters to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.