Toll Brothers (NYSE:TOL) Receives Overweight Rating from Wells Fargo & Company

Toll Brothers (NYSE:TOL - Get Free Report)'s stock had its "overweight" rating reaffirmed by equities research analysts at Wells Fargo & Company in a report issued on Thursday, Marketbeat reports. They currently have a $130.00 target price on the construction company's stock, up from their prior target price of $120.00. Wells Fargo & Company's price objective would indicate a potential upside of 24.70% from the company's current price.

TOL has been the subject of a number of other research reports. Royal Bank of Canada decreased their target price on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. UBS Group reissued a "buy" rating on shares of Toll Brothers in a research report on Tuesday. Bank of America decreased their target price on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. The Goldman Sachs Group decreased their price target on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Finally, Wall Street Zen raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $141.36.

Toll Brothers Stock Up 0.1%

Shares of NYSE TOL traded up $0.11 during midday trading on Thursday, reaching $104.25. 1,718,197 shares of the company's stock traded hands, compared to its average volume of 1,560,843. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The stock's 50 day simple moving average is $101.50 and its 200-day simple moving average is $121.74. Toll Brothers has a one year low of $86.67 and a one year high of $169.52. The company has a market cap of $10.41 billion, a price-to-earnings ratio of 7.17, a P/E/G ratio of 1.02 and a beta of 1.45.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, beating analysts' consensus estimates of $2.86 by $0.64. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The company had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the prior year, the company posted $3.38 earnings per share. Toll Brothers's revenue for the quarter was down 3.5% compared to the same quarter last year. On average, analysts predict that Toll Brothers will post 13.83 EPS for the current fiscal year.

Insider Activity at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. This trade represents a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.54% of the stock is owned by company insiders.

Institutional Trading of Toll Brothers

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC grew its position in Toll Brothers by 38.7% during the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company's stock valued at $154,449,000 after buying an additional 341,980 shares during the period. Lecap Asset Management Ltd. grew its position in shares of Toll Brothers by 721.8% in the fourth quarter. Lecap Asset Management Ltd. now owns 16,567 shares of the construction company's stock valued at $2,087,000 after purchasing an additional 14,551 shares during the period. Jones Financial Companies Lllp grew its position in shares of Toll Brothers by 66.7% in the fourth quarter. Jones Financial Companies Lllp now owns 5,290 shares of the construction company's stock valued at $666,000 after purchasing an additional 2,116 shares during the period. Whalen Wealth Management Inc. acquired a new stake in shares of Toll Brothers in the fourth quarter valued at about $236,000. Finally, OMC Financial Services LTD acquired a new stake in shares of Toll Brothers in the fourth quarter valued at about $2,330,000. Institutional investors and hedge funds own 91.76% of the company's stock.

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.