Toll Brothers (NYSE:TOL) Stock Picked Up by Analysts at Melius Research

Analysts at Melius Research initiated coverage on shares of Toll Brothers (NYSE:TOL) in a research note issued on Tuesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $179.00 price target on the construction company’s stock. Melius Research’s price target points to a potential upside of 33.68% from the company’s current price.

A number of other research analysts also recently issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Toll Brothers from $161.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, August 28th. BTIG Research assumed coverage on Toll Brothers in a research note on Tuesday, June 9th. They set a “buy” rating on the stock. Barclays cut their price target on shares of Toll Brothers from $122.00 to $118.00 and set an “underweight” rating on the stock in a report on Tuesday. Weiss Ratings upgraded shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. Finally, Oppenheimer downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. Fifteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $166.94.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $133.90 on Tuesday. Toll Brothers has a twelve month low of $123.14 and a twelve month high of $168.36. The stock’s 50 day moving average price is $142.04 and its 200-day moving average price is $143.13. The company has a market capitalization of $12.34 billion, a PE ratio of 10.75, a PEG ratio of 1.11 and a beta of 1.31. The company has a quick ratio of 0.55, a current ratio of 4.53 and a debt-to-equity ratio of 0.32.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.04. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.Toll Brothers’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.73 earnings per share. On average, equities analysts anticipate that Toll Brothers will post 12.8 EPS for the current year.

Insider Buying and Selling

In related news, Director Stephen East sold 800 shares of Toll Brothers stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $135.99, for a total value of $108,792.00. Following the completion of the transaction, the director directly owned 12,642 shares in the company, valued at approximately $1,719,185.58. The trade was a 5.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.37% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Large investors have recently made changes to their positions in the stock. Hilton Head Capital Partners LLC lifted its holdings in Toll Brothers by 65.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 187 shares of the construction company’s stock worth $26,000 after purchasing an additional 74 shares in the last quarter. Continuum Advisory LLC purchased a new position in Toll Brothers during the 2nd quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Toll Brothers during the second quarter valued at about $35,000. Compass Financial Management LLC purchased a new stake in shares of Toll Brothers in the second quarter worth about $51,000. Finally, Fiduciary Financial Advisors bought a new position in shares of Toll Brothers in the second quarter valued at approximately $53,000. 91.76% of the stock is owned by institutional investors.

Toll Brothers Company Profile

Toll Brothers, Inc is a U.S. luxury homebuilder that designs, constructs, markets and sells single-family homes, townhomes and condominiums. The company serves move-up, luxury, active-adult and urban buyers, offering homes in a range of architectural styles and price points.

Founded in 1967 by brothers Robert I. Toll and Bruce E. Toll, the company develops residential communities on land it acquires and prepares for construction. Its operations also include related services such as mortgage financing, title and settlement services, and property development through its Toll Brothers Apartment Living and Toll Brothers City Living businesses.

Toll Brothers operates across numerous metropolitan and suburban markets in the United States, with a presence in regions including the Northeast, Mid-Atlantic, Southeast, Texas, the Midwest, Arizona and the West Coast.