Toll Brothers (NYSE:TOL) was downgraded by research analysts at Zelman & Associates from a “buy” rating to a “hold” rating in a report released on Thursday, The Fly reports.
TOL has been the topic of a number of other research reports. ValuEngine cut Toll Brothers from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 19th. Barclays set a $39.00 target price on Toll Brothers and gave the company an “underweight” rating in a research note on Wednesday, May 23rd. Deutsche Bank cut their target price on Toll Brothers from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, May 24th. Zacks Investment Research raised Toll Brothers from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Tuesday, May 1st. Finally, MKM Partners cut their target price on Toll Brothers to $53.00 and set a “buy” rating on the stock in a research note on Wednesday, May 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $51.11.
TOL stock traded down $0.35 during midday trading on Thursday, reaching $38.61. 92,956 shares of the company traded hands, compared to its average volume of 2,259,080. Toll Brothers has a 52-week low of $36.55 and a 52-week high of $52.73. The company has a debt-to-equity ratio of 0.81, a current ratio of 7.02 and a quick ratio of 0.84. The company has a market cap of $6.09 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.58 and a beta of 1.37.
Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, May 22nd. The construction company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.04). Toll Brothers had a net margin of 9.27% and a return on equity of 12.50%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the company earned $0.73 earnings per share. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. equities research analysts expect that Toll Brothers will post 4.34 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Bessemer Group Inc. boosted its position in Toll Brothers by 202.5% during the 4th quarter. Bessemer Group Inc. now owns 2,390 shares of the construction company’s stock valued at $115,000 after acquiring an additional 1,600 shares in the last quarter. FCA Corp TX bought a new stake in Toll Brothers during the 4th quarter valued at $216,000. Point72 Asia Hong Kong Ltd bought a new stake in Toll Brothers during the 1st quarter valued at $203,000. BRYN MAWR TRUST Co bought a new stake in Toll Brothers during the 4th quarter valued at $231,000. Finally, Strategic Global Advisors LLC purchased a new stake in shares of Toll Brothers during the 1st quarter valued at $234,000. 83.89% of the stock is currently owned by institutional investors.
Toll Brothers Company Profile
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.
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