ValuEngine Downgrades Toll Brothers (NYSE:TOL) to Sell

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Toll Brothers (NYSE:TOL) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday, ValuEngine reports.

TOL has been the topic of several other research reports. Goldman Sachs Group started coverage on Toll Brothers in a research report on Friday, December 6th. They issued a “neutral” rating and a $42.00 price objective on the stock. Royal Bank of Canada upgraded Toll Brothers from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $39.00 to $50.00 in a research report on Wednesday, February 5th. Evercore ISI lowered shares of Toll Brothers from an “in-line” rating to an “underperform” rating and boosted their target price for the company from $39.00 to $40.00 in a research note on Monday, January 6th. Finally, Cfra lowered shares of Toll Brothers from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $40.00.

Shares of NYSE TOL opened at $47.58 on Thursday. Toll Brothers has a 1 year low of $34.34 and a 1 year high of $49.31. The firm has a 50-day simple moving average of $43.89 and a two-hundred day simple moving average of $40.02. The company has a market cap of $6.37 billion, a P/E ratio of 11.78, a PEG ratio of 1.37 and a beta of 0.88. The company has a debt-to-equity ratio of 0.77, a current ratio of 7.06 and a quick ratio of 1.44.

Toll Brothers (NYSE:TOL) last released its earnings results on Monday, December 9th. The construction company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.12. Toll Brothers had a return on equity of 11.83% and a net margin of 8.17%. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the firm posted $2.08 earnings per share. The company’s quarterly revenue was down 6.6% on a year-over-year basis. As a group, equities research analysts expect that Toll Brothers will post 3.92 EPS for the current year.

In other Toll Brothers news, Director Christine Garvey sold 16,954 shares of Toll Brothers stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $40.76, for a total transaction of $691,045.04. Following the completion of the sale, the director now directly owns 3,335 shares of the company’s stock, valued at approximately $135,934.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 10.94% of the company’s stock.

Several hedge funds have recently modified their holdings of TOL. Point72 Asset Management L.P. purchased a new position in shares of Toll Brothers in the 4th quarter worth approximately $3,220,000. Captrust Financial Advisors grew its position in shares of Toll Brothers by 1,502.9% in the 4th quarter. Captrust Financial Advisors now owns 12,871 shares of the construction company’s stock worth $516,000 after buying an additional 12,068 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Toll Brothers by 413.6% during the 4th quarter. Cubist Systematic Strategies LLC now owns 33,006 shares of the construction company’s stock worth $1,304,000 after acquiring an additional 26,579 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Toll Brothers by 5.2% during the 4th quarter. AQR Capital Management LLC now owns 3,144,826 shares of the construction company’s stock worth $124,252,000 after acquiring an additional 156,319 shares in the last quarter. Finally, Blueshift Asset Management LLC raised its stake in shares of Toll Brothers by 130.4% during the 4th quarter. Blueshift Asset Management LLC now owns 23,319 shares of the construction company’s stock worth $921,000 after acquiring an additional 13,199 shares in the last quarter. Institutional investors and hedge funds own 84.91% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Toll Brothers (NYSE:TOL)

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