TOL has been the topic of a number of other research reports. Keefe, Bruyette & Woods upped their target price on Toll Brothers from $34.00 to $35.00 and gave the company a market perform rating in a report on Wednesday, August 24th. Buckingham Research upped their target price on Toll Brothers from $35.00 to $36.00 and gave the company a buy rating in a report on Wednesday, August 24th. Royal Bank Of Canada upped their target price on Toll Brothers from $32.00 to $35.00 and gave the company a sector perform rating in a report on Wednesday, August 24th. Credit Suisse Group AG downgraded Toll Brothers from an outperform rating to a neutral rating and dropped their target price for the company from $34.00 to $30.00 in a report on Monday, July 11th. Finally, Zacks Investment Research downgraded Toll Brothers from a hold rating to a sell rating in a report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $37.12.
Toll Brothers (NYSE:TOL) traded up 0.27% on Friday, hitting $29.27. 2,350,420 shares of the stock were exchanged. The company has a market cap of $4.80 billion, a P/E ratio of 12.60 and a beta of 1.39. Toll Brothers has a one year low of $23.75 and a one year high of $38.15. The company’s 50 day moving average price is $29.60 and its 200-day moving average price is $28.49.
Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 23rd. The company reported $0.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.61. The company had revenue of $1.27 billion for the quarter. Toll Brothers had a return on equity of 9.98% and a net margin of 8.73%. Toll Brothers’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. Equities research analysts predict that Toll Brothers will post $2.50 EPS for the current fiscal year.
In other news, President Richard T. Hartman sold 18,310 shares of the stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $31.02, for a total value of $567,976.20. Following the completion of the sale, the president now directly owns 47,937 shares of the company’s stock, valued at $1,487,005.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.51% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of TOL. Vanguard Group Inc. raised its position in shares of Toll Brothers by 0.8% in the second quarter. Vanguard Group Inc. now owns 11,216,134 shares of the company’s stock worth $301,826,000 after buying an additional 91,469 shares during the last quarter. FMR LLC raised its position in shares of Toll Brothers by 29.8% in the second quarter. FMR LLC now owns 7,999,530 shares of the company’s stock worth $215,268,000 after buying an additional 1,834,568 shares during the last quarter. State Street Corp raised its position in shares of Toll Brothers by 0.9% in the first quarter. State Street Corp now owns 7,599,532 shares of the company’s stock worth $224,275,000 after buying an additional 65,605 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Toll Brothers by 1.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 6,065,239 shares of the company’s stock worth $178,985,000 after buying an additional 61,702 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Toll Brothers by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,019,684 shares of the company’s stock worth $108,166,000 after buying an additional 169,812 shares during the last quarter. 76.72% of the stock is owned by institutional investors.
About Toll Brothers
Toll Brothers, Inc designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities. The Company caters to move-up, empty nester, active-adult, age-qualified and second-home buyers in the United States (Traditional Home Building Product). The Company operates in two segments: traditional home building and urban infill.
Receive News & Ratings for Toll Brothers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers Inc. and related companies with MarketBeat.com's FREE daily email newsletter.