Toll Brothers Inc. (NYSE:TOL) Downgraded by BidaskClub
Toll Brothers Inc. (NYSE:TOL) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Monday.
Several other equities research analysts also recently issued reports on the company. Royal Bank Of Canada raised their price target on Toll Brothers from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. Mizuho reaffirmed a “buy” rating on shares of Toll Brothers in a research report on Tuesday, July 11th. Barclays PLC downgraded Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 price target on the stock. in a research report on Tuesday, July 11th. Bank of America Corporation raised their price target on Toll Brothers from $43.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, June 28th. Finally, Credit Suisse Group started coverage on Toll Brothers in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $39.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $39.33.
Shares of Toll Brothers (NYSE TOL) traded down 0.23% during trading on Monday, reaching $39.21. The company had a trading volume of 1,482,857 shares. Toll Brothers has a 12 month low of $26.65 and a 12 month high of $41.07. The stock has a market capitalization of $6.41 billion, a PE ratio of 16.17 and a beta of 1.52. The stock’s 50-day moving average price is $39.04 and its 200-day moving average price is $35.77.
Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, May 23rd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.10. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. Toll Brothers had a return on equity of 9.71% and a net margin of 7.67%. The firm’s revenue was up 22.2% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. Equities analysts forecast that Toll Brothers will post $3.15 earnings per share for the current fiscal year.
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In related news, CEO Douglas C. Jr. Yearley sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $38.50, for a total value of $385,000.00. Following the completion of the transaction, the chief executive officer now owns 186,372 shares in the company, valued at approximately $7,175,322. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert I. Toll sold 273,033 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $38.00, for a total transaction of $10,375,254.00. Following the completion of the transaction, the insider now owns 7,420,317 shares of the company’s stock, valued at approximately $281,972,046. The disclosure for this sale can be found here. Insiders sold a total of 405,500 shares of company stock valued at $15,531,221 in the last 90 days. 8.78% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of TOL. DnB Asset Management AS bought a new position in Toll Brothers during the first quarter valued at $418,000. Louisiana State Employees Retirement System raised its stake in Toll Brothers by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 37,300 shares of the construction company’s stock worth $1,347,000 after buying an additional 400 shares in the last quarter. Capstone Asset Management Co. raised its stake in Toll Brothers by 4.4% in the first quarter. Capstone Asset Management Co. now owns 16,545 shares of the construction company’s stock worth $597,000 after buying an additional 690 shares in the last quarter. Bank of Montreal Can raised its stake in Toll Brothers by 6.8% in the first quarter. Bank of Montreal Can now owns 273,393 shares of the construction company’s stock worth $9,872,000 after buying an additional 17,330 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in Toll Brothers by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 50,244 shares of the construction company’s stock worth $1,814,000 after buying an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 80.19% 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.
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