Wedbush reiterated their neutral rating on shares of Toll Brothers (NYSE:TOL) in a report published on Wednesday. They currently have a $40.00 price objective on the construction company’s stock, down from their previous price objective of $45.00.
Several other research firms have also weighed in on TOL. Zacks Investment Research lowered shares of Toll Brothers from a buy rating to a hold rating in a research note on Wednesday. Barclays set a $40.00 price objective on shares of Toll Brothers and gave the company a sell rating in a research note on Tuesday. ValuEngine lowered shares of Toll Brothers from a strong-buy rating to a buy rating in a research note on Tuesday. Wells Fargo & Company restated an outperform rating and set a $54.00 price target (up previously from $42.00) on shares of Toll Brothers in a research note on Wednesday. Finally, KeyCorp restated a hold rating on shares of Toll Brothers in a research note on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $46.00.
Toll Brothers (NYSE:TOL) traded down $0.25 during mid-day trading on Wednesday, hitting $46.68. 4,080,600 shares of the stock were exchanged, compared to its average volume of 1,992,193. Toll Brothers has a twelve month low of $30.44 and a twelve month high of $51.08. The company has a debt-to-equity ratio of 0.84, a current ratio of 6.75 and a quick ratio of 1.10. The firm has a market capitalization of $7,676.58, a price-to-earnings ratio of 14.71, a P/E/G ratio of 1.01 and a beta of 1.57.
Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.02). Toll Brothers had a net margin of 9.21% and a return on equity of 12.07%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. equities research analysts predict that Toll Brothers will post 3.62 EPS for the current fiscal year.
In related news, Director Carl B. Marbach sold 12,900 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $39.97, for a total transaction of $515,613.00. Following the completion of the sale, 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 legal filing with the SEC, which is available through this link. Also, President Richard T. Hartman sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $47.00, for a total transaction of $940,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,687 shares of company stock valued at $2,840,390. 8.78% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of TOL. Public Employees Retirement System of Ohio boosted its holdings in Toll Brothers by 73.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 125,517 shares of the construction company’s stock valued at $5,205,000 after purchasing an additional 53,045 shares during the period. Fieldpoint Private Securities LLC bought a new stake in Toll Brothers in the 3rd quarter valued at $344,000. Sterling Capital Management LLC boosted its holdings in Toll Brothers by 81.9% in the 3rd quarter. Sterling Capital Management LLC now owns 42,026 shares of the construction company’s stock valued at $1,743,000 after purchasing an additional 18,926 shares during the period. California Public Employees Retirement System boosted its holdings in Toll Brothers by 5.2% in the 3rd quarter. California Public Employees Retirement System now owns 329,741 shares of the construction company’s stock valued at $13,674,000 after purchasing an additional 16,441 shares during the period. Finally, Virtu Financial LLC bought a new stake in Toll Brothers in the 3rd quarter valued at $527,000. 82.52% of the stock is owned by hedge funds and other institutional investors.
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Toll Brothers Company Profile
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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