Toll Brothers (TOL) Receives Neutral Rating from Credit Suisse Group

Toll Brothers (NYSE:TOL)‘s stock had its “neutral” rating reiterated by stock analysts at Credit Suisse Group in a research report issued to clients and investors on Monday, The Fly reports. They presently have a $56.00 target price on the construction company’s stock, up from their previous target price of $45.00. Credit Suisse Group’s price target indicates a potential upside of 7.73% from the company’s current price. The analysts noted that the move was a valuation call.

TOL has been the subject of a number of other reports. MKM Partners increased their price target on Toll Brothers to $54.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Toll Brothers in a research note on Monday, September 25th. UBS Group assumed coverage on Toll Brothers in a research note on Wednesday, October 25th. They issued a “buy” rating and a $50.00 price objective for the company. Mizuho set a $58.00 price objective on Toll Brothers and gave the company a “buy” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $47.00 price target on shares of Toll Brothers in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $50.56.

Toll Brothers (NYSE TOL) traded up $0.10 during trading hours on Monday, hitting $51.98. The company had a trading volume of 328,997 shares, compared to its average volume of 2,038,938. The company has a debt-to-equity ratio of 0.71, a current ratio of 6.61 and a quick ratio of 0.97. Toll Brothers has a 12-month low of $30.67 and a 12-month high of $52.44. The stock has a market capitalization of $7,946.62, a PE ratio of 16.29, a P/E/G ratio of 0.97 and a beta of 1.57.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.02). Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the prior year, the business posted $0.67 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. research analysts predict that Toll Brothers will post 3.9 EPS for the current year.

In other Toll Brothers news, Director Christine Garvey sold 16,000 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $50.82, for a total transaction of $813,120.00. Following the transaction, the director now directly owns 17,057 shares in the company, valued at approximately $866,836.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Joseph R. Sicree sold 4,500 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $51.48, for a total value of $231,660.00. Following the transaction, the chief accounting officer now owns 24,197 shares in the company, valued at $1,245,661.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 124,037 shares of company stock worth $6,114,382. Company insiders own 8.78% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janus Capital Management increased its holdings in shares of Toll Brothers by 358.0% in the 3rd quarter. Janus Capital Management now owns 79,700 shares of the construction company’s stock valued at $2,729,000 after acquiring an additional 62,300 shares during the period. Trinity Street Asset Management increased its holdings in shares of Toll Brothers by 28.2% in the 4th quarter. Trinity Street Asset Management now owns 1,582,687 shares of the construction company’s stock valued at $52,703,000 after acquiring an additional 347,896 shares during the period. R. M. Davis increased its holdings in shares of Toll Brothers by 31.8% in the 4th quarter. R. M. Davis now owns 163,370 shares of the construction company’s stock valued at $5,440,000 after acquiring an additional 39,400 shares during the period. Berkshire Asset Management purchased a new position in shares of Toll Brothers in the 4th quarter valued at $266,000. Finally, Fourth Swedish National Pension Fund increased its holdings in shares of Toll Brothers by 2.6% in the 4th quarter. Fourth Swedish National Pension Fund now owns 47,057 shares of the construction company’s stock valued at $1,567,000 after acquiring an additional 1,192 shares during the period. Institutional investors own 87.78% 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.

The Fly

Analyst Recommendations for Toll Brothers (NYSE:TOL)

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