Toll Brothers (NYSE:TOL) was downgraded by investment analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.

TOL has been the subject of several other reports. UBS started coverage on Toll Brothers in a research note on Wednesday, October 25th. They issued a “buy” rating and a $50.00 price target for the company. BidaskClub downgraded Toll Brothers from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. KeyCorp upgraded Toll Brothers from a “sector weight” rating to an “overweight” rating and boosted their price target for the company from $44.55 to $52.00 in a research note on Thursday, November 2nd. They noted that the move was a valuation call. Royal Bank Of Canada restated a “buy” rating and issued a $45.00 price target on shares of Toll Brothers in a research note on Wednesday, November 15th. Finally, Zacks Investment Research downgraded Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. Toll Brothers currently has a consensus rating of “Buy” and a consensus price target of $44.71.

Toll Brothers (NYSE:TOL) traded down $3.73 during mid-day trading on Tuesday, hitting $46.93. The company had a trading volume of 8,277,105 shares, compared to its average volume of 1,983,209. The company has a debt-to-equity ratio of 0.84, a current ratio of 6.75 and a quick ratio of 1.10. The firm has a market cap of $8,124.77, a price-to-earnings ratio of 18.47, a PEG ratio of 1.06 and a beta of 1.57. Toll Brothers has a 1-year low of $30.44 and a 1-year high of $51.08.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.09 billion. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 earnings per share. research analysts predict that Toll Brothers will post 3.2 EPS for the current fiscal year.

In other news, President Richard T. Hartman sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $47.00, for a total transaction of $940,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 16,250 shares of the company’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $42.58, for a total value of $691,925.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,687 shares of company stock valued at $2,840,390. Corporate insiders own 8.78% of the company’s stock.

Several large investors have recently added to or reduced their stakes in TOL. BlackRock Inc. raised its holdings in shares of Toll Brothers by 1.8% during the 2nd quarter. BlackRock Inc. now owns 16,811,380 shares of the construction company’s stock worth $664,216,000 after buying an additional 291,112 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Toll Brothers by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 12,540,189 shares of the construction company’s stock worth $495,464,000 after buying an additional 323,334 shares in the last quarter. FMR LLC raised its holdings in shares of Toll Brothers by 13.4% during the 2nd quarter. FMR LLC now owns 9,042,726 shares of the construction company’s stock worth $357,278,000 after buying an additional 1,067,193 shares in the last quarter. State Street Corp raised its holdings in shares of Toll Brothers by 0.9% during the 1st quarter. State Street Corp now owns 7,599,532 shares of the construction company’s stock worth $224,275,000 after buying an additional 65,605 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Toll Brothers by 134.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,198,069 shares of the construction company’s stock worth $294,978,000 after buying an additional 4,132,120 shares in the last quarter. Hedge funds and other institutional investors own 82.52% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Toll Brothers (NYSE:TOL)

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