Toll Brothers (NYSE:TOL) received a $55.00 target price from Argus in a report issued on Wednesday, December 20th. The brokerage presently has a “buy” rating on the construction company’s stock. Argus’ price target suggests a potential upside of 6.63% from the company’s current price.
Several other equities analysts have also issued reports on TOL. Wedbush reissued a “neutral” rating and set a $37.00 target price (down previously from $40.00) on shares of Toll Brothers in a research note on Tuesday, August 22nd. Zacks Investment Research lowered Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $40.00 price target on shares of Toll Brothers in a research report on Thursday, August 24th. KeyCorp reiterated a “hold” rating on shares of Toll Brothers in a report on Friday, August 25th. Finally, BidaskClub downgraded Toll Brothers from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $48.63.
Shares of Toll Brothers (NYSE:TOL) traded down $0.23 during trading on Wednesday, hitting $51.58. The stock had a trading volume of 1,188,632 shares, compared to its average volume of 2,900,000. Toll Brothers has a twelve month low of $30.44 and a twelve month high of $52.40. The firm has a market cap of $8,160.00, a price-to-earnings ratio of 16.22, a PEG ratio of 0.99 and a beta of 1.57. The company has a current ratio of 6.61, a quick ratio of 0.97 and a debt-to-equity ratio of 0.71.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, December 5th. The construction company reported $1.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.02). Toll Brothers had a net margin of 9.21% and a return on equity of 12.00%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the company earned $0.67 EPS. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. research analysts expect that Toll Brothers will post 3.83 earnings per share for the current year.
In other news, President Richard T. Hartman sold 8,537 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $46.00, for a total value of $392,702.00. Following the completion of the sale, the president now directly owns 27,233 shares of the company’s stock, valued at approximately $1,252,718. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $43.45, for a total value of $217,250.00. Following the transaction, the chief financial officer now directly owns 37,836 shares of the company’s stock, valued at $1,643,974.20. The disclosure for this sale can be found here. Insiders sold a total of 104,037 shares of company stock valued at $5,043,132 over the last three months. Insiders own 8.78% of the company’s stock.
A number of hedge funds have recently modified their holdings of TOL. Advisors Asset Management Inc. increased its position in Toll Brothers by 61.6% during the second quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock worth $105,000 after buying an additional 1,017 shares in the last quarter. IFP Advisors Inc increased its position in Toll Brothers by 369.1% during the second quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock worth $108,000 after buying an additional 2,152 shares in the last quarter. Aviance Capital Management LLC purchased a new position in Toll Brothers during the second quarter worth $151,000. Toronto Dominion Bank increased its position in Toll Brothers by 5.2% during the second quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after buying an additional 192 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Toll Brothers by 381.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,241 shares of the construction company’s stock worth $168,000 after buying an additional 3,361 shares in the last quarter. 88.08% of the stock is owned by hedge funds and other institutional investors.
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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