TOL has been the topic of a number of other reports. Royal Bank Of Canada reissued a buy rating and issued a $45.00 price target on shares of Toll Brothers in a research report on Wednesday, November 15th. KeyCorp reissued a hold rating on shares of Toll Brothers in a research report on Tuesday, September 26th. ValuEngine cut Toll Brothers from a strong-buy rating to a buy rating in a research report on Tuesday. Wells Fargo & Company reissued an outperform rating and issued a $54.00 price target (up from $42.00) on shares of Toll Brothers in a research report on Wednesday. Finally, Barclays set a $40.00 price target on Toll Brothers and gave the stock a sell rating in a research report on Tuesday. Two 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. The stock has a consensus rating of Hold and an average price target of $46.93.
Toll Brothers (NYSE TOL) traded up $0.32 during mid-day trading on Thursday, hitting $47.00. The company’s stock had a trading volume of 4,776,400 shares, compared to its average volume of 2,003,990. Toll Brothers has a 1 year low of $30.44 and a 1 year high of $51.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 6.61 and a quick ratio of 1.10. The stock has a market cap of $7,635.68, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 0.99 and a beta of 1.57.
Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share 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 analysts’ expectations of $2.09 billion. During the same quarter last year, the company posted $0.67 EPS. The firm’s revenue was up 9.3% on a year-over-year basis. research analysts forecast that Toll Brothers will post 3.66 earnings per share for the current year.
In related news, President Richard T. Hartman sold 8,537 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $46.00, for a total value of $392,702.00. Following the transaction, the president now directly owns 27,233 shares of the company’s stock, valued at approximately $1,252,718. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carl B. Marbach sold 12,900 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $39.97, for a total value of $515,613.00. Following the completion of the transaction, the director now directly owns 114,149 shares in the company, valued at $4,562,535.53. The disclosure for this sale can be found here. Insiders sold a total of 84,687 shares of company stock worth $3,771,390 over the last ninety days. 8.78% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in TOL. NewSquare Capital LLC purchased a new stake in Toll Brothers during the 2nd quarter valued at $101,000. Advisors Asset Management Inc. raised its stake in Toll Brothers by 61.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock valued at $105,000 after buying an additional 1,017 shares during the last quarter. IFP Advisors Inc raised its stake in Toll Brothers by 369.1% during the 2nd quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock valued at $108,000 after buying an additional 2,152 shares during the last quarter. Aviance Capital Management LLC purchased a new stake in Toll Brothers during the 2nd quarter valued at $151,000. Finally, Toronto Dominion Bank raised its stake in Toll Brothers by 5.2% during the 2nd 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 during the last quarter. 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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