Toll Brothers' (TOL) Strong-Buy Rating Reiterated at Raymond James

Toll Brothers (NYSE:TOL - Get Free Report)'s stock had its "strong-buy" rating restated by equities research analysts at Raymond James in a research report issued on Friday,Benzinga reports. They currently have a $130.00 price target on the construction company's stock, down from their prior price target of $145.00. Raymond James' price target indicates a potential upside of 24.06% from the stock's current price.

Other research analysts also recently issued reports about the company. Seaport Res Ptn upgraded Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. Wall Street Zen raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Wedbush reaffirmed an "outperform" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Royal Bank of Canada cut their price target 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, Wells Fargo & Company restated an "overweight" rating and set a $130.00 price objective (up from $120.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $141.36.

Toll Brothers Stock Down 2.9%

Toll Brothers stock traded down $3.14 during midday trading on Friday, reaching $104.79. The stock had a trading volume of 829,747 shares, compared to its average volume of 1,560,204. The stock has a market capitalization of $10.47 billion, a P/E ratio of 7.21, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. The firm's fifty day simple moving average is $101.46 and its 200-day simple moving average is $121.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers has a 1-year low of $86.67 and a 1-year high of $169.52.

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, beating the consensus estimate of $2.86 by $0.64. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the business earned $3.38 EPS. The company's revenue was down 3.5% compared to the same quarter last year. As a group, analysts expect that Toll Brothers will post 13.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Toll Brothers

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC raised its position in Toll Brothers by 3.9% during the third quarter. Barclays PLC now owns 233,681 shares of the construction company's stock valued at $36,103,000 after purchasing an additional 8,794 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of Toll Brothers by 7.3% during the 4th quarter. Park Avenue Securities LLC now owns 2,147 shares of the construction company's stock worth $270,000 after buying an additional 146 shares in the last quarter. HB Wealth Management LLC bought a new stake in shares of Toll Brothers during the 4th quarter worth $243,000. UMB Bank n.a. boosted its stake in Toll Brothers by 91.5% in the fourth quarter. UMB Bank n.a. now owns 519 shares of the construction company's stock valued at $65,000 after buying an additional 248 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Toll Brothers by 2.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 141,182 shares of the construction company's stock worth $17,782,000 after acquiring an additional 3,560 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

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.