Toll Brothers (NYSE:TOL) received a $55.00 target price from equities research analysts at Argus in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the construction company’s stock. Argus’ price objective suggests a potential upside of 15.94% from the stock’s current price.
TOL has been the topic of a number of other reports. MKM Partners boosted their price objective on shares of Toll Brothers to $54.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Royal Bank of Canada reaffirmed a “buy” rating and set a $45.00 price objective on shares of Toll Brothers in a research report on Monday, September 25th. UBS assumed coverage on shares of Toll Brothers in a research report on Wednesday, October 25th. They set a “buy” rating and a $50.00 price objective on the stock. KeyCorp reaffirmed a “hold” rating on shares of Toll Brothers in a research report on Friday, August 25th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $47.00 target price on shares of Toll Brothers in a research note on Friday, October 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. Toll Brothers presently has an average rating of “Hold” and a consensus target price of $48.19.
Shares of Toll Brothers (NYSE:TOL) traded down $0.40 on Wednesday, reaching $47.44. 2,012,700 shares of the company were exchanged, compared to its average volume of 2,039,670. Toll Brothers has a 52-week low of $30.44 and a 52-week high of $51.08. The stock has a market capitalization of $7,510.00, a P/E ratio of 15.00, a PEG ratio of 1.25 and a beta of 1.56. The company has a debt-to-equity ratio of 0.71, a current ratio of 6.61 and a quick ratio of 0.97.
In other news, Director Richard J. Braemer sold 20,000 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $46.55, for a total value of $931,000.00. Following the completion of the sale, the director now directly owns 82,873 shares in the company, valued at $3,857,738.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Richard T. Hartman sold 8,537 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $46.00, for a total transaction of $392,702.00. Following the completion of the sale, the president now owns 27,233 shares of the company’s stock, valued at $1,252,718. The disclosure for this sale can be found here. Insiders sold 71,787 shares of company stock valued at $3,255,777 over the last quarter. Corporate insiders own 8.78% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in shares of Toll Brothers by 61.6% in the second quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock worth $105,000 after buying an additional 1,017 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Toll Brothers by 369.1% in the second quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock worth $108,000 after buying an additional 2,152 shares during the last quarter. Aviance Capital Management LLC acquired a new stake in shares of Toll Brothers in the second quarter worth $151,000. Toronto Dominion Bank lifted its stake in shares of Toll Brothers by 5.2% in the second quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after buying an additional 192 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Toll Brothers by 381.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,241 shares of the construction company’s stock worth $168,000 after buying an additional 3,361 shares during the last quarter. Institutional investors and hedge funds 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.
