Toll Brothers (TOL) Price Target Lowered to $53.00 at Maxim Group

Toll Brothers (NYSE:TOL) had its target price cut by Maxim Group from $60.00 to $53.00 in a research report released on Wednesday, May 23rd. They currently have a buy rating on the construction company’s stock.

Several other equities analysts have also issued reports on the stock. ValuEngine lowered shares of Toll Brothers from a strong-buy rating to a buy rating in a report on Thursday, April 19th. Zacks Investment Research raised shares of Toll Brothers from a hold rating to a buy rating and set a $50.00 target price for the company in a research note on Tuesday, February 6th. Barclays set a $39.00 target price on shares of Toll Brothers and gave the stock an underweight rating in a research note on Wednesday, May 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Toll Brothers from $54.00 to $50.00 and set a neutral rating for the company in a research note on Wednesday, May 23rd. Finally, Credit Suisse Group set a $53.00 price objective on shares of Toll Brothers and gave the stock a hold rating in a research note on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $51.11.

Toll Brothers traded up $0.09, hitting $39.05, during trading on Wednesday, MarketBeat.com reports. The company had a trading volume of 2,335,576 shares, compared to its average volume of 2,260,424. The stock has a market capitalization of $6.09 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 0.58 and a beta of 1.37. Toll Brothers has a 12 month low of $36.55 and a 12 month high of $52.73. The company has a debt-to-equity ratio of 0.81, a current ratio of 7.02 and a quick ratio of 0.84.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, May 22nd. The construction company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.04). The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. Toll Brothers had a net margin of 9.27% and a return on equity of 12.50%. The business’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS. equities analysts expect that Toll Brothers will post 4.34 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in TOL. BlackRock Inc. grew its position in shares of Toll Brothers by 1.1% during the 4th quarter. BlackRock Inc. now owns 17,225,132 shares of the construction company’s stock worth $827,150,000 after purchasing an additional 187,123 shares in the last quarter. Greenhaven Associates Inc. grew its position in shares of Toll Brothers by 2.7% during the 1st quarter. Greenhaven Associates Inc. now owns 4,047,305 shares of the construction company’s stock worth $175,046,000 after purchasing an additional 105,704 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Toll Brothers by 1.8% during the 4th quarter. Bank of New York Mellon Corp now owns 3,183,617 shares of the construction company’s stock worth $152,877,000 after purchasing an additional 55,276 shares in the last quarter. Millennium Management LLC grew its position in shares of Toll Brothers by 803.5% during the 4th quarter. Millennium Management LLC now owns 2,045,499 shares of the construction company’s stock worth $98,225,000 after purchasing an additional 1,819,100 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Toll Brothers by 13.2% during the 4th quarter. Geode Capital Management LLC now owns 2,015,100 shares of the construction company’s stock worth $96,725,000 after purchasing an additional 235,023 shares in the last quarter. 83.89% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Company Profile

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

Analyst Recommendations for Toll Brothers (NYSE:TOL)

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