Toll Brothers (NYSE:TOL) Stock Rating Reaffirmed by Wedbush

Toll Brothers (NYSE:TOL)‘s stock had its “neutral” rating reissued by equities research analysts at Wedbush in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. They presently have a $105.00 target price on the construction company’s stock. Wedbush’s price target suggests a potential downside of 12.20% from the company’s current price.

Several other equities research analysts also recently weighed in on TOL. Keefe, Bruyette & Woods raised their price objective on Toll Brothers from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Barclays raised their price objective on Toll Brothers from $95.00 to $115.00 and gave the company an “underweight” rating in a report on Monday, February 26th. StockNews.com raised Toll Brothers from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Wells Fargo & Company raised their price objective on Toll Brothers from $142.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. Finally, Oppenheimer raised their price objective on Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $123.07.

Toll Brothers Trading Up 0.3 %

Shares of TOL opened at $119.59 on Wednesday. Toll Brothers has a 52-week low of $64.40 and a 52-week high of $135.37. The business’s fifty day moving average is $123.16 and its 200-day moving average is $107.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. The firm has a market cap of $12.46 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 1.08 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results 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 21.27%. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the business posted $2.85 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities analysts anticipate that Toll Brothers will post 13.71 EPS for the current fiscal year.

Insider Activity

In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.85, for a total value of $5,942,500.00. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at approximately $41,167,500.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the sale, the director now directly owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.85, for a total value of $5,942,500.00. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at $41,167,500.70. The disclosure for this sale can be found here. Insiders have sold 66,500 shares of company stock valued at $7,881,930 in the last ninety days. 1.54% of the stock is owned by company insiders.

Institutional Trading of Toll Brothers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Toll Brothers by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock worth $1,158,255,000 after purchasing an additional 216,849 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Toll Brothers by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,620,912 shares of the construction company’s stock worth $372,198,000 after purchasing an additional 14,449 shares in the last quarter. AQR Capital Management LLC increased its holdings in Toll Brothers by 6.0% during the 3rd quarter. AQR Capital Management LLC now owns 2,467,336 shares of the construction company’s stock worth $182,484,000 after purchasing an additional 139,004 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Toll Brothers by 12.4% during the 4th quarter. Pacer Advisors Inc. now owns 2,041,569 shares of the construction company’s stock worth $209,853,000 after purchasing an additional 225,354 shares in the last quarter. Finally, Bamco Inc. NY increased its holdings in Toll Brothers by 0.7% during the 3rd quarter. Bamco Inc. NY now owns 1,784,965 shares of the construction company’s stock worth $132,016,000 after purchasing an additional 12,520 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

About Toll Brothers

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.