Toll Brothers' (TOL) Neutral Rating Reaffirmed at Wedbush

Toll Brothers (NYSE:TOL - Get Free Report)'s stock had its "neutral" rating reissued by stock analysts at Wedbush in a report released on Wednesday, Benzinga reports. They presently have a $105.00 target price on the construction company's stock. Wedbush's price objective would suggest a potential downside of 11.89% from the company's current price.

Several other brokerages have also recently commented on TOL. JPMorgan Chase & Co. increased their price target on Toll Brothers from $127.00 to $128.00 and gave the company an "overweight" rating in a research report on Friday, February 23rd. Citigroup increased their price target on Toll Brothers from $138.00 to $139.00 and gave the company a "neutral" rating in a research report on Friday, May 17th. StockNews.com raised Toll Brothers from a "hold" rating to a "buy" rating in a research report on Tuesday, April 16th. Oppenheimer increased their price target on Toll Brothers from $141.00 to $157.00 and gave the company an "outperform" rating in a research report on Thursday, March 21st. Finally, Keefe, Bruyette & Woods raised their price objective on Toll Brothers from $120.00 to $135.00 and gave the company an "outperform" rating in a research report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Toll Brothers has an average rating of "Moderate Buy" and an average target price of $116.40.

Toll Brothers Stock Down 8.5 %

Shares of TOL stock traded down $11.05 on Wednesday, hitting $119.17. 4,948,660 shares of the stock were exchanged, compared to its average volume of 1,386,253. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $12.41 billion, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 1.09 and a beta of 1.67. The business has a 50-day moving average of $123.21 and a 200 day moving average of $107.48. Toll Brothers has a fifty-two week low of $63.34 and a fifty-two week high of $135.37.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 EPS for the quarter, missing the consensus estimate of $4.13 by ($0.75). Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same period last year, the company posted $2.85 earnings per share. The business's revenue for the quarter was up 13.2% on a year-over-year basis. Equities analysts anticipate that Toll Brothers will post 13.71 EPS for the current year.

Insider Buying and Selling

In related news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the sale, the director now directly owns 9,389 shares of the company's stock, valued at approximately $1,120,295.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the transaction, the chief executive officer now owns 346,382 shares in the company, valued at approximately $41,167,500.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Stephen F. East sold 1,500 shares of the firm's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the transaction, the director now owns 9,389 shares in the company, valued at approximately $1,120,295.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,500 shares of company stock valued at $7,881,930. Insiders own 1.54% of the company's stock.

Hedge Funds Weigh In On Toll Brothers

A number of hedge funds have recently added to or reduced their stakes in the stock. Register Financial Advisors LLC bought a new position in shares of Toll Brothers in the 1st quarter valued at $26,000. Contravisory Investment Management Inc. bought a new position in shares of Toll Brothers in the 1st quarter valued at $34,000. Rise Advisors LLC bought a new position in shares of Toll Brothers in the 1st quarter valued at $35,000. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Toll Brothers in the 4th quarter valued at $36,000. Finally, Baker Avenue Asset Management LP increased its stake in shares of Toll Brothers by 23.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company's stock valued at $50,000 after purchasing an additional 127 shares during the last quarter. Institutional investors own 91.76% of the company's stock.

Toll Brothers Company Profile

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.