Wednesday, March 6, 2019

Toll Brothers Inc (TOL) Given Average Rating of “Hold” by Brokerages

Toll Brothers Inc (NYSE:TOL) has been assigned a consensus rating of “Hold” from the eighteen brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $41.31.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded Toll Brothers from a “hold” rating to a “sell” rating in a report on Monday, December 10th. Royal Bank of Canada downgraded Toll Brothers from an “outperform” rating to a “sector perform” rating and set a $37.00 price objective for the company. in a report on Thursday, December 6th. Wedbush reiterated a “neutral” rating and set a $36.00 price objective (down from $44.00) on shares of Toll Brothers in a report on Tuesday, December 4th. Raymond James set a $40.00 price objective on Toll Brothers and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, Credit Suisse Group reiterated a “hold” rating and set a $37.00 price objective on shares of Toll Brothers in a report on Friday, February 15th.

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In related news, CFO Martin P. Connor sold 12,000 shares of the stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $36.83, for a total transaction of $441,960.00. Following the completion of the transaction, the chief financial officer now directly owns 76,504 shares of the company’s stock, valued at $2,817,642.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul E. Shapiro sold 5,539 shares of the stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $32.18, for a total value of $178,245.02. Following the transaction, the director now directly owns 108,916 shares of the company’s stock, valued at $3,504,916.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,039 shares of company stock valued at $1,128,770. 9.69% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. OLD National Bancorp IN acquired a new position in Toll Brothers during the fourth quarter valued at approximately $216,000. Sterling Investment Advisors Ltd. acquired a new position in Toll Brothers during the fourth quarter valued at approximately $1,817,000. IFP Advisors Inc boosted its position in Toll Brothers by 527.3% during the third quarter. IFP Advisors Inc now owns 12,420 shares of the construction company’s stock valued at $410,000 after purchasing an additional 10,440 shares during the last quarter. BBT Capital Management LLC acquired a new position in Toll Brothers during the third quarter valued at approximately $830,000. Finally, M&T Bank Corp boosted its position in Toll Brothers by 17.3% during the fourth quarter. M&T Bank Corp now owns 21,708 shares of the construction company’s stock valued at $714,000 after purchasing an additional 3,206 shares during the last quarter. 83.07% of the stock is owned by hedge funds and other institutional investors.

Shares of Toll Brothers stock opened at $35.03 on Wednesday. Toll Brothers has a 1 year low of $28.68 and a 1 year high of $45.76. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 7.44, a price-to-earnings-growth ratio of 0.51 and a beta of 1.04. The company has a quick ratio of 1.27, a current ratio of 6.83 and a debt-to-equity ratio of 0.78.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, February 26th. The construction company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.15. Toll Brothers had a return on equity of 15.93% and a net margin of 10.47%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the company earned $0.83 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, research analysts predict that Toll Brothers will post 4.61 EPS for the current fiscal year.

Toll Brothers Company Profile

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.

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Analyst Recommendations for Toll Brothers (NYSE:TOL)

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