BidaskClub cut shares of Toll Brothers Inc. (NYSE:TOL) from a hold rating to a sell rating in a report released on Friday.

Several other equities research analysts have also issued reports on TOL. Mizuho initiated coverage on shares of Toll Brothers in a report on Tuesday, May 16th. They issued a buy rating and a $44.00 target price for the company. Zelman & Associates upgraded shares of Toll Brothers from a hold rating to a buy rating in a report on Wednesday, May 17th. Wedbush set a $37.00 price objective on shares of Toll Brothers and gave the company a hold rating in a report on Friday, May 19th. Royal Bank Of Canada reiterated a buy rating and set a $43.00 price objective on shares of Toll Brothers in a report on Monday, May 22nd. Finally, Buckingham Research lowered shares of Toll Brothers from a buy rating to a neutral rating in a report on Wednesday, May 24th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. Toll Brothers has an average rating of Hold and an average price target of $40.27.

Shares of Toll Brothers (NYSE:TOL) opened at 37.88 on Friday. Toll Brothers has a 12-month low of $26.65 and a 12-month high of $41.07. The company has a 50-day moving average price of $39.19 and a 200-day moving average price of $37.08. The firm has a market capitalization of $6.19 billion, a P/E ratio of 14.17 and a beta of 1.52.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.19. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The business’s revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the business earned $0.61 EPS. Equities analysts predict that Toll Brothers will post $3.19 EPS for the current year.

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In other Toll Brothers news, Director Stephen A. Novick sold 85,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $39.08, for a total transaction of $3,321,800.00. Following the sale, the director now owns 24,417 shares of the company’s stock, valued at approximately $954,216.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $38.50, for a total transaction of $385,000.00. Following the sale, the chief executive officer now directly owns 186,372 shares in the company, valued at approximately $7,175,322. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,500 shares of company stock worth $5,081,221. Insiders own 8.78% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in Toll Brothers by 1.8% in the first quarter. US Bancorp DE now owns 2,791 shares of the construction company’s stock valued at $101,000 after buying an additional 49 shares in the last quarter. Cutter & CO Brokerage Inc. increased its stake in Toll Brothers by 1.7% in the first quarter. Cutter & CO Brokerage Inc. now owns 7,384 shares of the construction company’s stock valued at $267,000 after buying an additional 120 shares in the last quarter. World Asset Management Inc increased its stake in Toll Brothers by 1.8% in the second quarter. World Asset Management Inc now owns 10,065 shares of the construction company’s stock valued at $398,000 after buying an additional 181 shares in the last quarter. Mason Street Advisors LLC increased its stake in Toll Brothers by 0.3% in the first quarter. Mason Street Advisors LLC now owns 69,843 shares of the construction company’s stock valued at $2,522,000 after buying an additional 192 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in Toll Brothers by 5.2% in the second quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock valued at $154,000 after buying an additional 192 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

Toll Brothers Company Profile

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

Analyst Recommendations for Toll Brothers (NYSE:TOL)

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