Toll Brothers (NYSE:TOL) Stock Rating Upgraded by StockNews.com

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

Several other analysts have also issued reports on TOL. Royal Bank of Canada upped their target price on Toll Brothers from $122.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Seaport Res Ptn cut shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Argus raised their price objective on Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. The Goldman Sachs Group raised Toll Brothers from a “sell” rating to a “neutral” rating and boosted their target price for the company from $112.00 to $124.00 in a research note on Monday, June 17th. Finally, Citigroup reduced their price target on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $132.19.

Toll Brothers Stock Performance

Shares of TOL opened at $126.87 on Tuesday. Toll Brothers has a 52-week low of $68.08 and a 52-week high of $146.75. The stock’s 50-day simple moving average is $123.50 and its 200 day simple moving average is $119.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 4.59. The stock has a market capitalization of $13.02 billion, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of 1.04 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.13 by ($0.75). Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the prior year, the business posted $2.85 EPS. Toll Brothers’s quarterly revenue was up 13.2% on a year-over-year basis. Research analysts forecast that Toll Brothers will post 12.94 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Martin P. Connor sold 16,194 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $118.74, for a total value of $1,922,875.56. Following the transaction, the chief financial officer now owns 28,527 shares in the company, valued at $3,387,295.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Martin P. Connor sold 16,194 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $118.74, for a total value of $1,922,875.56. Following the completion of the transaction, the chief financial officer now owns 28,527 shares in the company, valued at $3,387,295.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 3,806 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total value of $463,723.04. Following the transaction, the chief financial officer now directly owns 24,721 shares in the company, valued at $3,012,006.64. The disclosure for this sale can be found here. Insiders have sold a total of 20,170 shares of company stock worth $2,407,335 in the last quarter. Corporate insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Large investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. increased its position in shares of Toll Brothers by 81.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after purchasing an additional 431,160 shares during the last quarter. Insigneo Advisory Services LLC purchased a new stake in Toll Brothers during the second quarter valued at approximately $215,000. Masterton Capital Management LP bought a new position in Toll Brothers in the second quarter worth approximately $2,221,000. Distillate Capital Partners LLC purchased a new position in shares of Toll Brothers during the 2nd quarter worth $14,384,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Toll Brothers during the 2nd quarter valued at $169,000. Institutional investors own 91.76% of the company’s stock.

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.