J P Morgan Chase & Co downgraded shares of Toll Brothers Inc. (NYSE:TOL) from an overweight rating to a neutral rating in a report published on Thursday, Marketbeat Ratings reports. J P Morgan Chase & Co currently has $45.00 price target on the construction company’s stock, up from their prior price target of $41.00.

Several other research analysts have also weighed in on TOL. Zacks Investment Research upgraded shares of Toll Brothers from a hold rating to a buy rating and set a $44.00 price objective on the stock in a research note on Tuesday, August 8th. Keefe, Bruyette & Woods restated a hold rating and set a $40.00 price objective on shares of Toll Brothers in a research note on Thursday, August 24th. Royal Bank Of Canada boosted their price objective on shares of Toll Brothers from $43.00 to $45.00 and gave the stock an outperform rating in a research note on Thursday, July 13th. Bank of America Corporation restated a buy rating and set a $43.00 price objective (up from $40.00) on shares of Toll Brothers in a research note on Wednesday, May 24th. Finally, Wedbush set a $37.00 price objective on shares of Toll Brothers and gave the stock a hold rating in a research note on Friday, May 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $40.67.

Shares of Toll Brothers (TOL) opened at 39.41 on Thursday. Toll Brothers has a 12 month low of $26.65 and a 12 month high of $41.07. The firm has a market capitalization of $6.24 billion, a P/E ratio of 14.69 and a beta of 1.49. The stock has a 50 day moving average price of $38.87 and a 200 day moving average price of $37.76.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, August 22nd. The construction company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.19. The company had revenue of $1.50 billion for 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%. Toll Brothers’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. On average, analysts expect that Toll Brothers will post $3.20 earnings per share for the current year.

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In other Toll Brothers news, CFO Martin P. Connor sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $39.45, for a total transaction of $78,900.00. Following the transaction, the chief financial officer now owns 34,836 shares in the company, valued at approximately $1,374,280.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard J. Braemer sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $37.88, for a total transaction of $284,100.00. Following the transaction, the director now owns 110,373 shares in the company, valued at approximately $4,180,929.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,400 shares of company stock worth $1,357,884. Company insiders own 8.78% of the company’s stock.

Several large investors have recently made changes to their positions in the business. US Bancorp DE grew its position in shares of Toll Brothers by 1.8% during the 1st quarter. US Bancorp DE now owns 2,791 shares of the construction company’s stock worth $101,000 after purchasing an additional 49 shares in the last quarter. World Asset Management Inc lifted its holdings in shares of Toll Brothers by 1.8% during the 2nd quarter. World Asset Management Inc now owns 10,065 shares of the construction company’s stock worth $398,000 after acquiring an additional 181 shares during the period. Mason Street Advisors LLC lifted its holdings in shares of Toll Brothers by 0.3% during the 1st quarter. Mason Street Advisors LLC now owns 69,843 shares of the construction company’s stock worth $2,522,000 after acquiring an additional 192 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Toll Brothers by 5.2% during the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after acquiring an additional 192 shares during the period. Finally, Veritable L.P. lifted its holdings in shares of Toll Brothers by 0.9% during the 2nd quarter. Veritable L.P. now owns 26,823 shares of the construction company’s stock worth $1,060,000 after acquiring an additional 237 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

About Toll Brothers

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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