Toll Brothers (NYSE:TOL) Stock Rating Upgraded by StockNews.com

Toll Brothers (NYSE:TOL) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

TOL has been the subject of several other research reports. Wedbush restated an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th. Evercore ISI lifted their price objective on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Wells Fargo & Company cut their target price on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Barclays decreased their price target on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group cut their price objective on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.57.

Toll Brothers Stock Performance

NYSE TOL opened at $106.60 on Tuesday. The business’s 50-day moving average price is $123.99 and its 200 day moving average price is $139.34. 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 firm has a market cap of $10.60 billion, a P/E ratio of 7.34, a P/E/G ratio of 1.02 and a beta of 1.77. Toll Brothers has a 52-week low of $105.32 and a 52-week high of $169.52.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. On average, equities research analysts expect that Toll Brothers will post 13.83 earnings per share for the current year.

Insider Transactions at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the sale, the director now owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at $2,599,311.26. The trade was a 35.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,622 shares of company stock valued at $1,993,880 in the last ninety days. Corporate insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its stake in Toll Brothers by 1.2% in the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock worth $565,802,000 after buying an additional 42,871 shares during the last quarter. FMR LLC grew its holdings in Toll Brothers by 19.4% in the fourth quarter. FMR LLC now owns 2,528,853 shares of the construction company’s stock valued at $318,509,000 after purchasing an additional 410,394 shares during the period. Geode Capital Management LLC increased its position in Toll Brothers by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company’s stock worth $276,263,000 after purchasing an additional 35,001 shares during the last quarter. Invesco Ltd. increased its position in Toll Brothers by 14.2% during the fourth quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company’s stock worth $239,751,000 after purchasing an additional 236,402 shares during the last quarter. Finally, Jennison Associates LLC raised its stake 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 worth $154,449,000 after purchasing an additional 341,980 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

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.