Toll Brothers Inc. (NYSE:TOL) was downgraded by J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research report issued on Thursday, MarketBeat Ratings reports. They presently have a $45.00 price objective on the construction company’s stock, up from their previous price objective of $41.00. J P Morgan Chase & Co’s price objective points to a potential upside of 14.16% from the stock’s previous close.

TOL has been the topic of several other reports. BidaskClub upgraded Toll Brothers from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. KeyCorp reiterated a “hold” rating on shares of Toll Brothers in a research report on Friday, August 25th. Credit Suisse Group began coverage on Toll Brothers in a research report on Thursday, June 22nd. They set a “neutral” rating and a $39.00 price target on the stock. Citigroup Inc. upped their price target on Toll Brothers from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. Finally, Buckingham Research cut Toll Brothers from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 24th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. Toll Brothers has a consensus rating of “Hold” and an average target price of $40.67.

Shares of Toll Brothers (TOL) traded up 0.51% during midday trading on Thursday, reaching $39.41. 2,964,125 shares of the company’s stock were exchanged. The company has a market cap of $6.24 billion, a P/E ratio of 14.69 and a beta of 1.49. The firm has a 50 day moving average price of $38.87 and a 200 day moving average price of $37.76. Toll Brothers has a 12 month low of $26.65 and a 12 month high of $41.07.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.19. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the business posted $0.61 earnings per share. The company’s revenue was up 18.3% on a year-over-year basis. Equities research analysts forecast that Toll Brothers will post $3.20 earnings per share for the current fiscal year.

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In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 5,500 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $39.78, for a total value of $218,790.00. Following the completion of the sale, the chief executive officer now owns 180,527 shares of the company’s stock, valued at $7,181,364.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Martin P. Connor sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $39.45, for a total value of $78,900.00. Following the completion of the sale, the chief financial officer now directly owns 34,836 shares of the company’s stock, valued at approximately $1,374,280.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,400 shares of company stock valued at $1,357,884. 8.78% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of TOL. BlackRock Inc. boosted its stake in Toll Brothers by 7,882.3% in the first quarter. BlackRock Inc. now owns 16,520,268 shares of the construction company’s stock worth $596,546,000 after buying an additional 16,313,307 shares in the last quarter. FMR LLC boosted its stake in shares of Toll Brothers by 34.9% during the first quarter. FMR LLC now owns 7,975,533 shares of the construction company’s stock valued at $287,997,000 after purchasing an additional 2,065,250 shares during the period. Capital Growth Management LP boosted its stake in shares of Toll Brothers by 110.7% during the first quarter. Capital Growth Management LP now owns 2,950,000 shares of the construction company’s stock valued at $106,524,000 after purchasing an additional 1,550,000 shares during the period. Systematic Financial Management LP purchased a new stake in shares of Toll Brothers during the first quarter valued at approximately $46,928,000. Finally, Koch Industries Inc. purchased a new stake in shares of Toll Brothers during the second quarter valued at approximately $1,177,000. 80.70% of the stock is owned by institutional investors and hedge funds.

About Toll Brothers

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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