Toll Brothers (NYSE:TOL) has been assigned a $40.00 price objective by equities researchers at Barclays in a report released on Tuesday. The firm presently has a “sell” rating on the construction company’s stock. Barclays’ price target indicates a potential downside of 14.77% from the stock’s previous close.
A number of other research firms have also recently weighed in on TOL. Royal Bank Of Canada reaffirmed a “buy” rating and set a $45.00 price target on shares of Toll Brothers in a report on Wednesday, November 15th. KeyCorp reiterated a “hold” rating on shares of Toll Brothers in a research report on Tuesday, September 26th. ValuEngine lowered Toll Brothers from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Wells Fargo & Company reiterated an “outperform” rating and issued a $54.00 price objective (up from $42.00) on shares of Toll Brothers in a research report on Wednesday. Finally, BidaskClub lowered Toll Brothers from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $45.73.
Toll Brothers (NYSE:TOL) traded down $3.73 during mid-day trading on Tuesday, reaching $46.93. The company had a trading volume of 8,290,100 shares, compared to its average volume of 1,983,268. Toll Brothers has a 12-month low of $30.44 and a 12-month high of $51.08. The firm has a market cap of $8,286.71, a PE ratio of 18.83, a price-to-earnings-growth ratio of 1.09 and a beta of 1.57. The company has a debt-to-equity ratio of 0.84, a current ratio of 6.75 and a quick ratio of 1.10.
Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.02). Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the business earned $0.67 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. equities research analysts forecast that Toll Brothers will post 3.2 earnings per share for the current year.
In other news, Director Carl B. Marbach sold 12,900 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $39.97, for a total value of $515,613.00. Following the transaction, the director now directly owns 114,149 shares in the company, valued at approximately $4,562,535.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Richard T. Hartman sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $47.00, for a total value of $940,000.00. The disclosure for this sale can be found here. Insiders sold a total of 64,687 shares of company stock worth $2,840,390 over the last 90 days. 8.78% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in shares of Toll Brothers by 73.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 125,517 shares of the construction company’s stock worth $5,205,000 after purchasing an additional 53,045 shares during the last quarter. Fieldpoint Private Securities LLC bought a new position in shares of Toll Brothers in the 3rd quarter worth $344,000. Sterling Capital Management LLC boosted its position in shares of Toll Brothers by 81.9% in the 3rd quarter. Sterling Capital Management LLC now owns 42,026 shares of the construction company’s stock worth $1,743,000 after purchasing an additional 18,926 shares during the last quarter. California Public Employees Retirement System raised its stake in Toll Brothers by 5.2% during the 3rd quarter. California Public Employees Retirement System now owns 329,741 shares of the construction company’s stock worth $13,674,000 after buying an additional 16,441 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Toll Brothers during the 3rd quarter worth $527,000. Institutional investors and hedge funds own 82.52% of the company’s stock.
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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.
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