Toll Brothers (TOL) Given “Outperform” Rating at Wells Fargo & Company
Toll Brothers (NYSE:TOL)‘s stock had its “outperform” rating reiterated by Wells Fargo & Company in a research report issued to clients and investors on Wednesday, The Fly reports. They presently have a $54.00 price objective on the construction company’s stock, up from their previous price objective of $42.00. Wells Fargo & Company’s price target would suggest a potential upside of 15.06% from the stock’s previous close.
A number of other research firms also recently weighed in on TOL. 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. KeyCorp reiterated a “hold” rating on shares of Toll Brothers in a research report on Tuesday, September 26th. ValuEngine downgraded Toll Brothers from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. BidaskClub downgraded Toll Brothers from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $40.00 target price on shares of Toll Brothers in a research report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $45.33.
Shares of Toll Brothers (NYSE:TOL) opened at $46.93 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 6.75 and a debt-to-equity ratio of 0.84. Toll Brothers has a 12 month low of $30.44 and a 12 month high of $51.08. The firm has a market capitalization of $8,286.71, a P/E ratio of 18.83, a P/E/G ratio of 1.09 and a beta of 1.57.
In related 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 value of $940,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 three months, insiders sold 64,687 shares of company stock valued at $2,840,390. Insiders own 8.78% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. World Asset Management Inc increased its stake in Toll Brothers by 1.8% during the second quarter. World Asset Management Inc now owns 10,065 shares of the construction company’s stock worth $398,000 after acquiring an additional 181 shares during the last quarter. Toronto Dominion Bank increased its stake in Toll Brothers by 5.2% during the second quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after acquiring an additional 192 shares during the last quarter. Veritable L.P. increased its stake in Toll Brothers by 0.9% during the second quarter. Veritable L.P. now owns 26,823 shares of the construction company’s stock worth $1,060,000 after acquiring an additional 237 shares during the last quarter. ETRADE Capital Management LLC boosted its position in shares of Toll Brothers by 3.1% in the second quarter. ETRADE Capital Management LLC now owns 12,277 shares of the construction company’s stock worth $485,000 after buying an additional 365 shares during the period. Finally, Aviva PLC boosted its position in shares of Toll Brothers by 0.5% in the second quarter. Aviva PLC now owns 93,400 shares of the construction company’s stock worth $3,690,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 82.52% 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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