Raymond James cut shares of Toll Brothers (NYSE:TOL) from an outperform rating to a market perform rating in a report published on Thursday, 24/7 WallStreet reports. They currently have $35.39 price objective on the construction company’s stock.

Several other analysts also recently issued reports on TOL. Zacks Investment Research upgraded Toll Brothers from a sell rating to a hold rating and set a $42.00 price target for the company in a research note on Tuesday, February 5th. Credit Suisse Group restated a hold rating and issued a $37.00 price target on shares of Toll Brothers in a research note on Friday, February 15th. JPMorgan Chase & Co. downgraded Toll Brothers from a neutral rating to an underweight rating and reduced their price target for the company from $33.00 to $32.00 in a research note on Thursday, March 7th. Zelman & Associates upgraded Toll Brothers from a hold rating to a buy rating in a research note on Thursday, March 7th. Finally, Barclays set a $33.00 price objective on Toll Brothers and gave the company a sell rating in a report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $36.40.

TOL opened at $34.77 on Thursday. The firm has a market capitalization of $5.18 billion, a P/E ratio of 7.38, a PEG ratio of 1.04 and a beta of 1.01. Toll Brothers has a 1 year low of $28.68 and a 1 year high of $41.33. The company has a quick ratio of 1.30, a current ratio of 7.68 and a debt-to-equity ratio of 0.73.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 21st. The construction company reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.10. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.54 billion. Toll Brothers had a return on equity of 15.57% and a net margin of 10.01%. During the same period in the previous year, the company posted $0.72 EPS. On average, research analysts expect that Toll Brothers will post 3.9 EPS for the current fiscal year.

In other Toll Brothers news, President Richard T. Hartman sold 10,000 shares of Toll Brothers stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $37.18, for a total value of $371,800.00. Following the completion of the transaction, the president now directly owns 76,461 shares of the company’s stock, valued at approximately $2,842,819.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Martin P. Connor sold 4,000 shares of Toll Brothers stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $38.94, for a total value of $155,760.00. Following the completion of the transaction, the chief financial officer now directly owns 72,504 shares of the company’s stock, valued at $2,823,305.76. The disclosure for this sale can be found here. 9.69% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in TOL. Boston Partners acquired a new position in Toll Brothers in the 4th quarter valued at $116,690,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Toll Brothers by 259.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,688,545 shares of the construction company’s stock worth $154,394,000 after buying an additional 3,384,353 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Toll Brothers by 1,967.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,765,805 shares of the construction company’s stock worth $54,000 after buying an additional 1,680,413 shares in the last quarter. Norges Bank acquired a new position in shares of Toll Brothers during the 4th quarter worth $55,091,000. Finally, AQR Capital Management LLC raised its holdings in shares of Toll Brothers by 314.1% during the 1st quarter. AQR Capital Management LLC now owns 1,885,495 shares of the construction company’s stock worth $68,255,000 after buying an additional 1,430,191 shares in the last quarter. 80.02% of the stock is owned by hedge funds and other institutional investors.

About Toll Brothers

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

Featured Article: Google Finance Portfolio

Analyst Recommendations for Toll Brothers (NYSE:TOL)

Receive News & Ratings for Toll Brothers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers and related companies with MarketBeat.com's FREE daily email newsletter.