Toll Brothers (NYSE:TOL)‘s stock had its “hold” rating reaffirmed by analysts at Credit Suisse Group in a research report issued to clients and investors on Friday. They currently have a $37.00 price objective on the construction company’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 3.06% from the stock’s current price.
Several other brokerages also recently issued reports on TOL. Zacks Investment Research downgraded Toll Brothers from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Royal Bank of Canada downgraded Toll Brothers from an “outperform” rating to a “sector perform” rating and set a $37.00 price objective for the company. in a research report on Thursday, December 6th. Barclays cut their price objective on Toll Brothers from $37.00 to $32.00 and set an “underweight” rating for the company in a research report on Monday, December 3rd. ValuEngine upgraded Toll Brothers from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 5th. Finally, Bank of America downgraded Toll Brothers from a “buy” rating to a “neutral” rating and set a $38.00 price objective for the company. in a research report on Thursday, October 18th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $43.88.
Toll Brothers stock opened at $35.90 on Friday. The company has a quick ratio of 1.27, a current ratio of 6.83 and a debt-to-equity ratio of 0.78. The company has a market cap of $5.28 billion, a P/E ratio of 7.62, a P/E/G ratio of 0.49 and a beta of 0.95. Toll Brothers has a one year low of $28.68 and a one year high of $52.73.
Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, December 4th. The construction company reported $2.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.25. Toll Brothers had a return on equity of 15.93% and a net margin of 10.47%. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter last year, the company earned $1.17 EPS. Toll Brothers’s revenue was up 21.1% on a year-over-year basis. On average, equities research analysts forecast that Toll Brothers will post 4.75 EPS for the current fiscal year.
In other news, Director Carl B. Marbach sold 3,000 shares of Toll Brothers stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $34.96, for a total value of $104,880.00. Following the completion of the sale, the director now directly owns 86,249 shares of the company’s stock, valued at approximately $3,015,265.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas C. Jr. Yearley sold 7,500 shares of Toll Brothers stock in a transaction on Friday, December 7th. The shares were sold at an average price of $33.59, for a total value of $251,925.00. Following the completion of the sale, the chief executive officer now directly owns 253,244 shares of the company’s stock, valued at $8,506,465.96. The disclosure for this sale can be found here. Insiders sold a total of 16,039 shares of company stock valued at $535,050 over the last three months. Insiders own 9.01% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Toll Brothers by 1.5% during the second quarter. FMR LLC now owns 8,806,109 shares of the construction company’s stock worth $325,738,000 after purchasing an additional 133,116 shares during the period. Korea Investment CORP grew its stake in shares of Toll Brothers by 12.2% during the second quarter. Korea Investment CORP now owns 88,525 shares of the construction company’s stock worth $3,275,000 after purchasing an additional 9,600 shares during the period. OppenheimerFunds Inc. grew its stake in shares of Toll Brothers by 15.5% during the second quarter. OppenheimerFunds Inc. now owns 45,658 shares of the construction company’s stock worth $1,689,000 after purchasing an additional 6,121 shares during the period. AMP Capital Investors Ltd grew its stake in shares of Toll Brothers by 69.2% during the second quarter. AMP Capital Investors Ltd now owns 172,198 shares of the construction company’s stock worth $6,370,000 after purchasing an additional 70,398 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Toll Brothers during the second quarter worth $4,202,000. 84.95% of the stock is owned by institutional investors.
Toll Brothers Company Profile
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.
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