Toll Brothers Inc. (TOL) Earns Outperform Rating from Analysts at Wells Fargo & Co.
Equities research analysts at Wells Fargo & Co. started coverage on shares of Toll Brothers Inc. (NYSE:TOL) in a report issued on Wednesday. The firm set an “outperform” rating on the stock.
Other analysts have also recently issued research reports about the stock. RBC Capital Markets restated a “sector perform” rating and issued a $35.00 target price (up previously from $32.00) on shares of Toll Brothers in a research note on Thursday, August 25th. Citigroup Inc. raised their target price on shares of Toll Brothers from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 24th. Buckingham Research upgraded shares of Toll Brothers from a “neutral” rating to a “buy” rating and raised their target price for the stock from $34.00 to $35.00 in a research note on Monday, July 18th. Credit Suisse Group AG restated a “buy” rating on shares of Toll Brothers in a research note on Tuesday, June 28th. Finally, TheStreet upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research note on Monday, August 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $37.12.
Toll Brothers (NYSE:TOL) traded up 0.38% during trading on Wednesday, reaching $29.41. 1,721,810 shares of the company were exchanged. The firm has a market capitalization of $4.82 billion, a PE ratio of 12.66 and a beta of 1.39. Toll Brothers has a 12 month low of $23.75 and a 12 month high of $38.15. The stock has a 50 day moving average price of $29.64 and a 200 day moving average price of $28.50.
Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 23rd. The company reported $0.61 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. Toll Brothers had a net margin of 8.73% and a return on equity of 9.98%. The company earned $1.27 billion during the quarter. During the same quarter last year, the business posted $0.36 EPS. The firm’s revenue was up 23.5% on a year-over-year basis. On average, analysts expect that Toll Brothers will post $2.50 EPS for the current fiscal year.
In related news, President Richard T. Hartman sold 18,310 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $31.02, for a total value of $567,976.20. Following 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 10.51% of the company’s stock.
Several large investors have recently added to or reduced their stakes in TOL. Norges Bank bought a new stake in Toll Brothers during the fourth quarter valued at about $36,669,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Toll Brothers by 9.6% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 51,580 shares of the company’s stock valued at $1,522,000 after buying an additional 4,523 shares in the last quarter. Pacad Investment Ltd. boosted its stake in Toll Brothers by 61.6% in the first quarter. Pacad Investment Ltd. now owns 29,246 shares of the company’s stock valued at $863,000 after buying an additional 11,145 shares in the last quarter. Cornerstone Financial Partners LLC bought a new stake in Toll Brothers during the first quarter valued at about $708,000. Finally, TIAA CREF Investment Management LLC boosted its stake in Toll Brothers by 10.4% in the first quarter. TIAA CREF Investment Management LLC now owns 404,739 shares of the company’s stock valued at $11,944,000 after buying an additional 38,066 shares in the last quarter. 77.59% of the stock is currently owned by institutional investors and hedge funds.
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.
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