Weiss Ratings Reaffirms Hold (C+) Rating for Toll Brothers (NYSE:TOL)

Key Points

• Weiss Ratings has reaffirmed a "hold (C+)" rating for Toll Brothers, indicating a cautious outlook for the stock amidst varying analyst opinions.
• Several firms have increased their price targets for Toll Brothers, with Raymond James setting a new target of $160.00 and Citigroup raising theirs to $147.00.
• Toll Brothers reported a quarterly earnings per share of $3.73, exceeding expectations, with a revenue increase of 8.0% year-over-year.

Toll Brothers (NYSE:TOL - Get Free Report)'s stock had its "hold (c+)" rating reissued by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research firms have also weighed in on TOL. Raymond James Financial reiterated a "strong-buy" rating and issued a $160.00 price target (up from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. Citigroup upped their price target on shares of Toll Brothers from $138.00 to $147.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 1st. Keefe, Bruyette & Woods upped their price target on shares of Toll Brothers from $143.00 to $145.00 and gave the stock a "market perform" rating in a research report on Thursday, August 28th. Royal Bank Of Canada upped their price target on shares of Toll Brothers from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Finally, Argus upped their target price on shares of Toll Brothers from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Toll Brothers currently has an average rating of "Moderate Buy" and a consensus price target of $149.79.

Toll Brothers Stock Performance

TOL stock traded down $0.81 during midday trading on Wednesday, reaching $132.05. 1,933,174 shares of the company's stock traded hands, compared to its average volume of 1,744,874. Toll Brothers has a 52-week low of $86.67 and a 52-week high of $169.52. The stock has a market cap of $12.73 billion, a P/E ratio of 9.70, a PEG ratio of 1.67 and a beta of 1.40. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. The stock's 50-day moving average is $136.05 and its 200 day moving average is $117.35.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, topping analysts' consensus estimates of $3.59 by $0.14. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The company's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.60 earnings per share. As a group, analysts anticipate that Toll Brothers will post 13.83 EPS for the current year.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the completion of the transaction, the chief executive officer owned 286,117 shares in the company, valued at $39,558,536.42. This trade represents a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Robert Parahus sold 9,831 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the transaction, the chief operating officer owned 19,692 shares of the company's stock, valued at $2,576,501.28. This trade represents a 33.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,413 shares of company stock valued at $5,746,216 over the last ninety days. Corporate insiders own 1.54% of the company's stock.

Hedge Funds Weigh In On Toll Brothers

Several institutional investors have recently bought and sold shares of TOL. Farther Finance Advisors LLC increased its stake in Toll Brothers by 6.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,485 shares of the construction company's stock worth $169,000 after buying an additional 90 shares during the period. Brooklyn Investment Group increased its stake in Toll Brothers by 52.8% in the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock worth $29,000 after buying an additional 94 shares during the period. Old Port Advisors increased its stake in Toll Brothers by 4.5% in the 2nd quarter. Old Port Advisors now owns 2,165 shares of the construction company's stock worth $247,000 after buying an additional 94 shares during the period. KLP Kapitalforvaltning AS increased its stake in Toll Brothers by 0.4% in the 1st quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the construction company's stock worth $2,619,000 after buying an additional 100 shares during the period. Finally, Applied Finance Capital Management LLC increased its stake in Toll Brothers by 4.0% in the 2nd quarter. Applied Finance Capital Management LLC now owns 2,579 shares of the construction company's stock worth $294,000 after buying an additional 100 shares during the period. 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.

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