Toll Brothers (NYSE:TOL) received a $58.00 price objective from equities researchers at Mizuho in a report issued on Thursday. The brokerage currently has a “buy” rating on the construction company’s stock. Mizuho’s price objective would suggest a potential upside of 11.80% from the stock’s previous close.
A number of other equities analysts have also commented on TOL. KeyCorp reaffirmed a “hold” rating on shares of Toll Brothers in a research note on Tuesday, September 26th. UBS Group reaffirmed a “buy” rating and issued a $58.00 price objective (up from $53.00) on shares of Toll Brothers in a research note on Wednesday. Royal Bank of Canada reissued a “buy” rating and issued a $45.00 price target on shares of Toll Brothers in a research note on Monday, September 25th. Zacks Investment Research lowered Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Wedbush boosted their price target on Toll Brothers from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, December 29th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. Toll Brothers has an average rating of “Hold” and a consensus target price of $49.50.
Toll Brothers (NYSE:TOL) traded up $0.32 during trading on Thursday, hitting $51.88. The company had a trading volume of 1,410,000 shares, compared to its average volume of 2,620,000. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 6.61. The firm has a market capitalization of $8,210.00, a price-to-earnings ratio of 16.31, a P/E/G ratio of 0.97 and a beta of 1.57. Toll Brothers has a one year low of $30.67 and a one year high of $52.44.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 EPS for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.02). The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.09 billion. Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. Toll Brothers’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 earnings per share. analysts predict that Toll Brothers will post 3.9 EPS for the current year.
In other news, President Richard T. Hartman sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $47.00, for a total transaction of $940,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Richard T. Hartman sold 8,537 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $46.00, for a total value of $392,702.00. Following the transaction, the president now directly owns 27,233 shares in the company, valued at $1,252,718. The disclosure for this sale can be found here. Over the last three months, insiders sold 124,037 shares of company stock worth $6,114,382. Insiders own 8.78% of the company’s stock.
Several large investors have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new position in shares of Toll Brothers during the fourth quarter worth approximately $479,000. Syntal Capital Partners LLC acquired a new position in shares of Toll Brothers during the fourth quarter worth approximately $576,000. Fox Run Management L.L.C. acquired a new position in shares of Toll Brothers during the fourth quarter worth approximately $1,494,000. Acadian Asset Management LLC raised its position in shares of Toll Brothers by 350,599.2% during the fourth quarter. Acadian Asset Management LLC now owns 448,895 shares of the construction company’s stock worth $21,556,000 after purchasing an additional 448,767 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Toll Brothers by 4.1% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 27,627 shares of the construction company’s stock worth $1,327,000 after purchasing an additional 1,100 shares during the period. 88.07% of the stock is currently owned by institutional investors.
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.