StockNews.com Downgrades Toll Brothers (NYSE:TOL) to Hold

Toll Brothers (NYSE:TOL - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Monday.

Several other research firms have also commented on TOL. Seaport Res Ptn lowered shares of Toll Brothers from a "buy" rating to a "neutral" rating in a report on Monday, January 22nd. Wedbush reaffirmed a "neutral" rating and set a $87.00 target price on shares of Toll Brothers in a report on Wednesday, February 21st. Oppenheimer increased their price target on shares of Toll Brothers from $141.00 to $157.00 and gave the company an "outperform" rating in a research report on Thursday, March 21st. The Goldman Sachs Group increased their price target on shares of Toll Brothers from $94.00 to $96.00 and gave the company a "sell" rating in a research report on Thursday, February 22nd. Finally, Citigroup increased their price target on shares of Toll Brothers from $116.00 to $138.00 and gave the company a "neutral" rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Toll Brothers has a consensus rating of "Moderate Buy" and an average target price of $113.80.

Toll Brothers Price Performance

Shares of NYSE:TOL traded down $0.62 during trading on Monday, reaching $124.52. The company had a trading volume of 879,471 shares, compared to its average volume of 1,414,638. The company has a fifty day moving average of $114.35 and a two-hundred day moving average of $96.51. The stock has a market capitalization of $12.97 billion, a P/E ratio of 9.62, a price-to-earnings-growth ratio of 1.06 and a beta of 1.66. Toll Brothers has a 12 month low of $57.27 and a 12 month high of $130.63. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, topping analysts' consensus estimates of $1.77 by $0.48. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.70 EPS. Equities research analysts forecast that Toll Brothers will post 13.73 earnings per share for the current year.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $41,167,500.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of the firm's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the sale, the director now directly owns 34,069 shares in the company, valued at approximately $4,020,823.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the sale, the chief executive officer now owns 346,382 shares of the company's stock, valued at $41,167,500.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,000 shares of company stock worth $7,702,950. 1.54% of the stock is owned by corporate insiders.

Institutional Trading of Toll Brothers

Large investors have recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky grew its stake in shares of Toll Brothers by 87.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 36,337 shares of the construction company's stock worth $2,687,000 after acquiring an additional 16,993 shares during the period. Natixis Advisors L.P. grew its stake in shares of Toll Brothers by 21.6% in the third quarter. Natixis Advisors L.P. now owns 13,429 shares of the construction company's stock worth $993,000 after acquiring an additional 2,386 shares during the period. FCF Advisors LLC bought a new stake in shares of Toll Brothers in the fourth quarter worth approximately $979,000. Northern Trust Corp boosted its holdings in shares of Toll Brothers by 7.1% in the third quarter. Northern Trust Corp now owns 886,817 shares of the construction company's stock worth $65,589,000 after buying an additional 58,448 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Toll Brothers by 12.3% in the third quarter. Sei Investments Co. now owns 219,563 shares of the construction company's stock worth $16,239,000 after buying an additional 24,111 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.

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