Toll Brothers (NYSE:TOL) had its price target hoisted by investment analysts at Royal Bank of Canada to $57.00 in a report issued on Monday. The firm presently has an “outperform” rating on the construction company’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 19.50% from the company’s current price.
Several other equities research analysts have also commented on the stock. Mizuho set a $52.00 price target on shares of Toll Brothers and gave the company a “buy” rating in a report on Thursday, December 7th. Raymond James Financial reaffirmed an “outperform” rating and issued a $52.00 price target (up from $43.00) on shares of Toll Brothers in a report on Thursday, December 7th. Wedbush reaffirmed a “neutral” rating and issued a $40.00 price target (down from $45.00) on shares of Toll Brothers in a report on Wednesday, December 6th. Barclays set a $40.00 price target on shares of Toll Brothers and gave the company a “sell” rating in a report on Tuesday, December 5th. Finally, Zacks Investment Research lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $47.73.
Toll Brothers (TOL) traded up $0.62 during midday trading on Monday, hitting $47.70. The company had a trading volume of 5,000,800 shares, compared to its average volume of 2,038,727. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 6.61. Toll Brothers has a 52-week low of $30.44 and a 52-week high of $51.08. The firm has a market cap of $7,802.53, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 1.24 and a beta of 1.57.
In other news, Director Richard J. Braemer sold 20,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $46.55, for a total transaction of $931,000.00. Following the sale, the director now directly owns 82,873 shares of the company’s stock, valued at approximately $3,857,738.15. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Martin P. Connor sold 2,000 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $41.45, for a total transaction of $82,900.00. Following the sale, the chief financial officer now directly owns 34,836 shares in the company, valued at $1,443,952.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,787 shares of company stock worth $3,255,777. Corporate insiders own 8.78% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC lifted its stake in Toll Brothers by 23.3% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 303,167 shares of the construction company’s stock valued at $12,572,000 after buying an additional 57,261 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Toll Brothers by 73.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 125,517 shares of the construction company’s stock valued at $5,205,000 after buying an additional 53,045 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new position in Toll Brothers in the 3rd quarter valued at about $344,000. Sterling Capital Management LLC lifted its stake in Toll Brothers by 81.9% in the 3rd quarter. Sterling Capital Management LLC now owns 42,026 shares of the construction company’s stock valued at $1,743,000 after buying an additional 18,926 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in Toll Brothers by 5.2% in the 3rd quarter. California Public Employees Retirement System now owns 329,741 shares of the construction company’s stock valued at $13,674,000 after buying an additional 16,441 shares in the last quarter. 82.52% of the stock is currently owned by hedge funds and other institutional investors.
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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.
