Toll Brothers (NYSE:TOL) had its price objective decreased by Barclays from $37.00 to $32.00 in a research report sent to investors on Monday morning. Barclays currently has an underweight rating on the construction company’s stock.

Several other equities research analysts also recently issued reports on the company. ValuEngine upgraded Toll Brothers from a sell rating to a hold rating in a report on Wednesday, August 22nd. Bank of America lifted their price objective on Toll Brothers from $62.00 to $63.00 and gave the stock a buy rating in a report on Wednesday, August 22nd. Raymond James restated a buy rating and set a $44.00 price objective (down from $50.00) on shares of Toll Brothers in a report on Thursday, August 23rd. Mizuho set a $46.00 price objective on Toll Brothers and gave the stock a buy rating in a report on Friday, August 31st. Finally, Zacks Investment Research downgraded Toll Brothers from a buy rating to a hold rating in a report on Tuesday, October 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. Toll Brothers presently has a consensus rating of Hold and an average target price of $47.28.

Shares of NYSE:TOL opened at $32.99 on Monday. The stock has a market cap of $4.86 billion, a P/E ratio of 10.41, a P/E/G ratio of 0.41 and a beta of 1.16. The company has a current ratio of 6.98, a quick ratio of 0.88 and a debt-to-equity ratio of 0.80. Toll Brothers has a one year low of $28.68 and a one year high of $52.73.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, December 4th. The construction company reported $2.08 EPS for the quarter, beating the consensus estimate of $1.83 by $0.25. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.35 billion. Toll Brothers had a return on equity of 13.49% and a net margin of 9.37%. The company’s revenue was up 21.1% on a year-over-year basis. During the same period last year, the business posted $1.17 EPS. On average, equities analysts forecast that Toll Brothers will post 4.48 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Korea Investment CORP grew its position in shares of Toll Brothers by 12.2% in the 2nd quarter. Korea Investment CORP now owns 88,525 shares of the construction company’s stock worth $3,275,000 after acquiring an additional 9,600 shares in the last quarter. Laurion Capital Management LP grew its position in shares of Toll Brothers by 63.6% in the 2nd quarter. Laurion Capital Management LP now owns 74,498 shares of the construction company’s stock worth $2,756,000 after acquiring an additional 28,969 shares in the last quarter. Andra AP fonden acquired a new position in shares of Toll Brothers in the 2nd quarter worth approximately $7,971,000. Bank of Nova Scotia acquired a new position in shares of Toll Brothers in the 2nd quarter worth approximately $1,531,000. Finally, Lingohr & Partner Asset Management GmbH acquired a new position in shares of Toll Brothers in the 3rd quarter worth approximately $320,000. Institutional investors own 83.90% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.

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Analyst Recommendations for Toll Brothers (NYSE:TOL)

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