Toll Brothers Inc. (TOL) Stock Rating Reaffirmed by Royal Bank Of Canada
Toll Brothers Inc. (NYSE:TOL)‘s stock had its “buy” rating restated by stock analysts at Royal Bank Of Canada in a report issued on Monday.
Several other research firms also recently commented on TOL. BidaskClub downgraded shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Barclays PLC downgraded shares of Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 target price on the stock. in a research report on Tuesday, July 11th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $40.00 target price on shares of Toll Brothers in a research report on Thursday, August 24th. Mizuho reissued a “buy” rating on shares of Toll Brothers in a research report on Tuesday, July 11th. Finally, Bank of America Corporation increased their target price on shares of Toll Brothers from $43.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, June 28th. Two investment 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. The company presently has a consensus rating of “Hold” and an average price target of $40.67.
Shares of Toll Brothers (NYSE TOL) opened at 39.75 on Monday. Toll Brothers has a 12 month low of $26.65 and a 12 month high of $41.07. The stock has a 50 day moving average price of $38.95 and a 200 day moving average price of $37.88. The stock has a market cap of $6.29 billion, a P/E ratio of 14.82 and a beta of 1.49.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 22nd. The construction company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.19. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. Toll Brothers’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. Equities analysts anticipate that Toll Brothers will post $3.20 EPS for the current fiscal year.
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In other news, CEO Douglas C. Jr. Yearley sold 5,500 shares of the business’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $39.78, for a total value of $218,790.00. Following the completion of the transaction, the chief executive officer now owns 180,527 shares of the company’s stock, valued at approximately $7,181,364.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Carl B. Marbach sold 12,900 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $39.97, for a total transaction of $515,613.00. Following the completion of the transaction, the director now directly owns 114,149 shares of the company’s stock, valued at approximately $4,562,535.53. The disclosure for this sale can be found here. Insiders sold a total of 32,400 shares of company stock valued at $1,278,984 in the last three months. 8.78% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the company. NewSquare Capital LLC acquired a new position in shares of Toll Brothers in the 2nd quarter valued at $101,000. Advisors Asset Management Inc. grew its holdings in shares of Toll Brothers by 61.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock valued at $105,000 after buying an additional 1,017 shares during the period. IFP Advisors Inc grew its holdings in shares of Toll Brothers by 369.1% in the 2nd quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock valued at $108,000 after buying an additional 2,152 shares during the period. US Bancorp DE grew its holdings in shares of Toll Brothers by 1.8% in the 1st quarter. US Bancorp DE now owns 2,791 shares of the construction company’s stock valued at $101,000 after buying an additional 49 shares during the period. Finally, Aviance Capital Management LLC acquired a new position in shares of Toll Brothers in the 2nd quarter valued at $151,000. 80.69% of the stock is owned by institutional investors.
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.
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