Shares of Toll Brothers Inc (NYSE:TOL) have earned an average rating of “Buy” from the twenty research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $51.19.
A number of equities analysts recently issued reports on TOL shares. Argus set a $55.00 price objective on shares of Toll Brothers and gave the stock a “buy” rating in a research report on Wednesday, December 20th. ValuEngine cut shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. MKM Partners upped their price objective on shares of Toll Brothers to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Royal Bank of Canada reiterated a “buy” rating and set a $45.00 price objective on shares of Toll Brothers in a research report on Wednesday, November 15th. Finally, Mizuho set a $52.00 price objective on shares of Toll Brothers and gave the stock a “buy” rating in a research report on Thursday, December 7th.
In other Toll Brothers news, Director Richard J. Braemer sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $46.55, for a total value of $931,000.00. Following the completion of the transaction, the director now directly owns 82,873 shares in the company, valued at approximately $3,857,738.15. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christine Garvey sold 16,000 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $50.82, for a total transaction of $813,120.00. Following the sale, the director now owns 17,057 shares of the company’s stock, valued at $866,836.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 115,950 shares of company stock valued at $5,841,012. Corporate insiders own 9.01% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of TOL. Janus Henderson Group PLC increased its position in shares of Toll Brothers by 75.1% during the second quarter. Janus Henderson Group PLC now owns 38,235 shares of the construction company’s stock worth $1,511,000 after buying an additional 16,400 shares during the period. Toronto Dominion Bank increased its position in shares of 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 during the period. Lord Abbett & CO. LLC increased its position in shares of Toll Brothers by 13.0% during the second quarter. Lord Abbett & CO. LLC now owns 137,500 shares of the construction company’s stock worth $5,433,000 after buying an additional 15,800 shares during the period. Shell Asset Management Co. increased its position in shares of Toll Brothers by 220.3% during the third quarter. Shell Asset Management Co. now owns 27,104 shares of the construction company’s stock worth $845,000 after buying an additional 18,642 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Toll Brothers by 651.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 150,356 shares of the construction company’s stock worth $6,235,000 after buying an additional 130,344 shares during the period. Institutional investors own 84.57% of the company’s stock.
Toll Brothers (NYSE:TOL) traded down $2.43 during mid-day trading on Friday, reaching $45.10. 6,174,559 shares of the company were exchanged, compared to its average volume of 2,352,644. The firm has a market cap of $7,156.20, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.83 and a beta of 1.38. Toll Brothers has a twelve month low of $33.99 and a twelve month high of $52.73. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 6.61.
Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.29. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Toll Brothers had a net margin of 9.21% and a return on equity of 12.00%. The firm’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 EPS. analysts predict that Toll Brothers will post 4.08 EPS for the current fiscal year.
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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