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Toll Brothers (NYSE:TOL) was downgraded by research analysts at Ned Davis Research from a “neutral” rating to a “sell” rating in a report released on Tuesday, American Banking News reports.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, December 10th. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.13. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $981.62 million. During the same quarter last year, the company posted $2.35 earnings per share. Toll Brothers’s revenue was up 65.1% compared to the same quarter last year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Toll Brothers in a research note to investors on Friday, January 3rd. They now have a $38.00 price target on the stock. Separately, analysts at JMP Securities cut their EPS estimates on shares of Toll Brothers in a research note on Friday. They now have an “outperform” rating and a $44.00 price target on the stock. Finally, analysts at Jefferson Research downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note to investors on Friday, January 3rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $37.06.

In other Toll Brothers news, Director Bruce Toll unloaded 100,000 shares of Toll Brothers stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $36.02, for a total transaction of $3,602,000.00. Following the completion of the transaction, the director now directly owns 468,589 shares in the company, valued at approximately $16,878,576. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Toll Brothers, Inc designs, builds, markets and arranges financing for single-family detached and attached homes in luxury residential communities.

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