Toll Brothers (NYSE:TOL) Upgraded at StockNews.com

Toll Brothers (NYSE:TOL) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

A number of other brokerages have also weighed in on TOL. Wells Fargo & Company boosted their price objective on Toll Brothers from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Seaport Res Ptn downgraded Toll Brothers from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Wolfe Research raised Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 target price on the stock in a report on Monday, January 8th. Citigroup lifted their target price on Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Finally, The Goldman Sachs Group boosted their price objective on Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $113.80.

Toll Brothers Trading Down 0.8 %

Shares of TOL stock opened at $113.42 on Tuesday. The firm has a market capitalization of $11.81 billion, a P/E ratio of 8.77, a P/E/G ratio of 0.98 and a beta of 1.66. Toll Brothers has a twelve month low of $60.83 and a twelve month high of $130.63. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. The stock’s fifty day simple moving average is $116.97 and its 200 day simple moving average is $98.54.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.48. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. Toll Brothers’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.70 EPS. As a group, sell-side analysts predict that Toll Brothers will post 13.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $116.05, for a total value of $580,250.00. Following the transaction, the chief financial officer now owns 49,721 shares in the company, valued at $5,770,122.05. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Carl B. Marbach sold 10,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $118.02, for a total value of $1,180,200.00. Following the completion of the sale, the director now directly owns 34,069 shares of the company’s stock, valued at $4,020,823.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $116.05, for a total value of $580,250.00. Following the sale, the chief financial officer now directly owns 49,721 shares of the company’s stock, valued at $5,770,122.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,500 shares of company stock worth $7,881,930. Corporate insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

Institutional investors and hedge funds have recently modified their holdings of the business. Register Financial Advisors LLC purchased a new stake in shares of Toll Brothers during the first quarter valued at approximately $26,000. Contravisory Investment Management Inc. purchased a new stake in shares of Toll Brothers during the first quarter valued at approximately $34,000. Rise Advisors LLC purchased a new stake in shares of Toll Brothers during the first quarter valued at approximately $35,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Toll Brothers during the fourth quarter valued at approximately $36,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of Toll Brothers during the fourth quarter valued at approximately $39,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.