Toll Brothers (NYSE:TOL) had its price objective upped by analysts at Wedbush from $45.00 to $47.00 in a research report issued to clients and investors on Friday. The brokerage presently has a “neutral” rating on the construction company’s stock. Wedbush’s price target indicates a potential downside of 3.09% from the company’s current price.
A number of other analysts have also weighed in on TOL. Argus set a $55.00 price objective on Toll Brothers and gave the stock a “buy” rating in a research report on Wednesday, December 20th. KeyCorp reissued a “hold” rating on shares of Toll Brothers in a report on Tuesday, September 26th. Royal Bank of Canada reissued a “buy” rating and issued a $45.00 target price on shares of Toll Brothers in a report on Monday, September 25th. Zacks Investment Research lowered Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Finally, Mizuho set a $52.00 target price on Toll Brothers and gave the company a “buy” rating in a report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $48.63.
Toll Brothers (NYSE:TOL) traded up $0.47 during trading on Friday, hitting $48.50. The stock had a trading volume of 1,494,800 shares, compared to its average volume of 2,030,784. Toll Brothers has a 1-year low of $30.44 and a 1-year high of $51.08. The company has a quick ratio of 0.97, a current ratio of 6.61 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $7,680.00, a price-to-earnings ratio of 15.25, a P/E/G ratio of 1.25 and a beta of 1.56.
In other Toll Brothers news, President Richard T. Hartman sold 8,537 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $46.00, for a total value of $392,702.00. Following the completion of the transaction, the president now owns 27,233 shares in the company, valued at $1,252,718. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 transaction of $691,925.00. The disclosure for this sale can be found here. Insiders sold 69,787 shares of company stock valued at $3,172,877 in the last 90 days. 8.78% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TOL. JPMorgan Chase & Co. boosted its stake in Toll Brothers by 134.8% in the third quarter. JPMorgan Chase & Co. now owns 7,198,069 shares of the construction company’s stock valued at $294,978,000 after acquiring an additional 4,132,120 shares in the last quarter. Koch Industries Inc. acquired a new position in Toll Brothers in the second quarter valued at $1,177,000. Bank of New York Mellon Corp boosted its stake in Toll Brothers by 56.1% in the third quarter. Bank of New York Mellon Corp now owns 3,128,341 shares of the construction company’s stock valued at $129,732,000 after acquiring an additional 1,124,409 shares in the last quarter. FMR LLC boosted its stake in Toll Brothers by 13.4% in the second quarter. FMR LLC now owns 9,042,726 shares of the construction company’s stock valued at $357,278,000 after acquiring an additional 1,067,193 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of Toll Brothers during the third quarter worth about $36,566,000. Institutional investors own 82.48% of the company’s stock.
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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.
