Toll Brothers Inc. (NYSE:TOL) Lifted to “Overweight” at KeyCorp

Toll Brothers Inc. (NYSE:TOL) was upgraded by research analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research report issued to clients and investors on Thursday, November 2nd, Marketbeat.com reports. The firm presently has a $52.00 price target on the construction company’s stock, up from their prior price target of $44.55. KeyCorp’s price objective indicates a potential upside of 8.45% from the stock’s previous close. The analysts noted that the move was a valuation call.

A number of other research firms also recently issued reports on TOL. Royal Bank Of Canada reiterated a “buy” rating and issued a $45.00 price objective on shares of Toll Brothers in a report on Monday, September 25th. BidaskClub cut Toll Brothers from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. UBS AG assumed coverage on Toll Brothers in a research note on Wednesday, October 25th. They issued a “buy” rating and a $50.00 price objective on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $47.00 price objective on shares of Toll Brothers in a report on Friday, October 20th. Finally, Zacks Investment Research upgraded Toll Brothers from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $44.00.

Toll Brothers (TOL) traded up $0.96 during trading on Thursday, reaching $47.95. 1,584,116 shares of the company’s stock traded hands, compared to its average volume of 1,932,089. The company has a market cap of $7,590.00, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 1.01 and a beta of 1.55. The company has a current ratio of 6.75, a quick ratio of 1.10 and a debt-to-equity ratio of 0.84. Toll Brothers has a 52-week low of $29.12 and a 52-week high of $48.08.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.19. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. equities research analysts expect that Toll Brothers will post 3.2 EPS for the current fiscal year.

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In other Toll Brothers news, Director Carl B. Marbach sold 12,900 shares of the firm’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 sale, the director now owns 114,149 shares in the company, valued at $4,562,535.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard J. Braemer sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $37.88, for a total transaction of $284,100.00. Following the sale, the director now owns 110,373 shares of the company’s stock, valued at $4,180,929.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,187 shares of company stock valued at $3,124,490. 8.78% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of TOL. NewSquare Capital LLC bought a new position in shares of Toll Brothers during the 2nd quarter worth about $101,000. Advisors Asset Management Inc. raised its stake in shares of Toll Brothers by 61.6% in the second quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock worth $105,000 after acquiring an additional 1,017 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Toll Brothers by 369.1% in the second quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock worth $108,000 after acquiring an additional 2,152 shares during the last quarter. Aviance Capital Management LLC bought a new stake in shares of Toll Brothers during the second quarter worth approximately $151,000. Finally, Toronto Dominion Bank raised its stake in shares of Toll Brothers by 5.2% during the second quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after buying an additional 192 shares during the last quarter. Institutional investors own 82.73% of the company’s stock.

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.

Analyst Recommendations for Toll Brothers (NYSE:TOL)

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