Toll Brothers (NYSE:TOL) Upgraded by Seaport Res Ptn to Strong-Buy Rating

Toll Brothers (NYSE:TOL - Get Free Report) was upgraded by investment analysts at Seaport Res Ptn from a "hold" rating to a "strong-buy" rating in a report issued on Wednesday,Zacks.com reports.

TOL has been the topic of a number of other research reports. Oppenheimer dropped their price target on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a research report on Thursday, May 15th. Barclays reiterated an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Wells Fargo & Company boosted their target price on shares of Toll Brothers from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada reduced 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 note on Friday, May 16th. Finally, Wall Street Zen raised Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.85.

Toll Brothers Stock Down 3.2%

Toll Brothers stock traded down $4.12 during mid-day trading on Wednesday, hitting $122.63. 1,726,772 shares of the company's stock were exchanged, compared to its average volume of 1,690,153. Toll Brothers has a 1-year low of $86.67 and a 1-year high of $169.52. The stock has a 50 day moving average of $111.98 and a two-hundred day moving average of $112.32. The company has a current ratio of 4.21, a quick ratio of 0.44 and a debt-to-equity ratio of 0.35. The stock has a market cap of $12.04 billion, a P/E ratio of 9.10, a P/E/G ratio of 1.32 and a beta of 1.36.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data 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 return on equity of 17.87% and a net margin of 12.95%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the firm posted $3.38 EPS. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. As a group, analysts anticipate that Toll Brothers will post 13.83 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Christine Garvey sold 770 shares of the firm's stock in a transaction 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 sale, the director owned 11,590 shares of the company's stock, valued at approximately $1,388,713.80. This trade represents a 6.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Michael J. Grubb sold 500 shares of the business's stock in a transaction dated 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 transaction, the chief accounting officer directly owned 2,439 shares of the company's stock, valued at approximately $292,680. The trade was a 17.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,770 shares of company stock worth $440,586. Company insiders own 1.54% of the company's stock.

Institutional Investors Weigh In On Toll Brothers

Hedge funds have recently modified their holdings of the business. Insigneo Advisory Services LLC increased its stake in Toll Brothers by 4.7% during the 4th quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company's stock worth $251,000 after purchasing an additional 89 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Toll Brothers by 6.5% in the second quarter. Farther Finance Advisors LLC now owns 1,485 shares of the construction company's stock valued at $169,000 after buying an additional 90 shares during the period. Brooklyn Investment Group increased its position in shares of Toll Brothers by 52.8% during the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock worth $29,000 after acquiring an additional 94 shares in the last quarter. Old Port Advisors increased its position in shares of Toll Brothers by 4.5% during the second quarter. Old Port Advisors now owns 2,165 shares of the construction company's stock worth $247,000 after acquiring an additional 94 shares in the last quarter. Finally, Peapack Gladstone Financial Corp raised its holdings in shares of Toll Brothers by 5.9% during the fourth quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company's stock worth $227,000 after acquiring an additional 100 shares during the period. 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.