Toll Brothers (NYSE:TOL - Get Free Report) had its price target raised by analysts at Wells Fargo & Company from $135.00 to $140.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the construction company's stock. Wells Fargo & Company's target price would suggest a potential upside of 15.67% from the company's previous close.
TOL has been the subject of several other research reports. UBS Group reaffirmed a "buy" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Wedbush reiterated an "outperform" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Keefe, Bruyette & Woods decreased their price objective on Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a report on Tuesday, May 20th. Barclays reiterated an "underweight" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, Evercore ISI restated an "outperform" rating and set a $169.00 price target (up previously from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $142.23.
Check Out Our Latest Analysis on Toll Brothers
Toll Brothers Trading Up 2.3%
TOL traded up $2.67 during midday trading on Friday, hitting $121.03. 525,673 shares of the company were exchanged, compared to its average volume of 1,792,242. The firm has a market capitalization of $11.88 billion, a P/E ratio of 8.95, a P/E/G ratio of 1.24 and a beta of 1.36. Toll Brothers has a 1-year low of $86.67 and a 1-year high of $169.52. The firm's 50 day moving average price is $113.62 and its 200-day moving average price is $112.18. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35.
Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.64. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the company posted $3.38 earnings per share. The company's revenue was down 3.5% compared to the same quarter last year. As a group, equities analysts forecast that Toll Brothers will post 13.83 EPS for the current fiscal year.
Insider Buying and Selling at Toll Brothers
In other news, CAO Michael J. Grubb sold 500 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $120.00, for a total value of $60,000.00. Following the completion of the sale, the chief accounting officer directly owned 2,439 shares of the company's stock, valued at $292,680. This represents a 17.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christine Garvey sold 770 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $119.82, for a total transaction of $92,261.40. Following the completion of the sale, the director directly owned 11,590 shares of the company's stock, valued at $1,388,713.80. This trade represents a 6.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,770 shares of company stock valued at $440,586. Company insiders own 1.54% of the company's stock.
Institutional Trading of Toll Brothers
A number of hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC raised its position in shares of Toll Brothers by 84.2% in the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock valued at $26,000 after purchasing an additional 112 shares during the period. Brooklyn Investment Group boosted its stake in shares of Toll Brothers by 52.8% in the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock valued at $29,000 after purchasing an additional 94 shares in the last quarter. Larson Financial Group LLC lifted its position in Toll Brothers by 152.6% during the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock worth $31,000 after buying an additional 177 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Toll Brothers by 128.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company's stock worth $37,000 after buying an additional 182 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Toll Brothers by 218.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company's stock worth $38,000 after buying an additional 249 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.
About Toll Brothers
(
Get Free Report)
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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