Toll Brothers Inc (TOL) Given Average Recommendation of “Hold” by Analysts
Shares of Toll Brothers Inc (NYSE:TOL) have been given a consensus rating of “Hold” by the twenty analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $46.86.
A number of equities research analysts have recently weighed in on TOL shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $45.00 price target on shares of Toll Brothers in a research report on Wednesday, November 15th. KeyCorp reiterated a “hold” rating on shares of Toll Brothers in a research report on Tuesday, September 26th. ValuEngine downgraded shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Wells Fargo & Company restated an “outperform” rating and set a $54.00 price objective (up from $42.00) on shares of Toll Brothers in a research report on Wednesday, December 6th. Finally, Mizuho set a $52.00 price objective on shares of Toll Brothers and gave the company a “buy” rating in a research report on Thursday.
In other Toll Brothers news, Director Paul E. Shapiro sold 16,250 shares of the firm’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $42.58, for a total value of $691,925.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard J. Braemer sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $46.55, for a total transaction of $931,000.00. Following the completion of the transaction, the director now directly owns 82,873 shares of the company’s stock, valued at $3,857,738.15. The disclosure for this sale can be found here. Insiders sold a total of 84,687 shares of company stock worth $3,771,390 in the last 90 days. 8.78% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of TOL. Public Employees Retirement System of Ohio boosted its stake in Toll Brothers by 73.2% during the third quarter. Public Employees Retirement System of Ohio now owns 125,517 shares of the construction company’s stock worth $5,205,000 after acquiring an additional 53,045 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of Toll Brothers during the third quarter valued at approximately $344,000. Sterling Capital Management LLC raised its holdings in shares of Toll Brothers by 81.9% during the third quarter. Sterling Capital Management LLC now owns 42,026 shares of the construction company’s stock valued at $1,743,000 after purchasing an additional 18,926 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Toll Brothers by 5.2% during the third quarter. California Public Employees Retirement System now owns 329,741 shares of the construction company’s stock valued at $13,674,000 after purchasing an additional 16,441 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Toll Brothers during the third quarter valued at approximately $527,000. Institutional investors own 82.52% of the company’s stock.
Toll Brothers (TOL) opened at $47.87 on Monday. Toll Brothers has a 1-year low of $30.44 and a 1-year high of $51.08. The company has a current ratio of 6.61, a quick ratio of 1.10 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $7,830.33, a PE ratio of 15.01, a P/E/G ratio of 1.24 and a beta of 1.57.
Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s revenue was up 9.3% on a year-over-year basis. analysts forecast that Toll Brothers will post 3.63 EPS for the current fiscal year.
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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.
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