Shares of Toll Brothers Inc. (NYSE:TOL) have been assigned an average recommendation of “Buy” from the twenty-one brokerages that are covering the company. Eleven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $35.07.

A number of research firms recently issued reports on TOL. Keefe, Bruyette & Woods lifted their price objective on Toll Brothers from $34.00 to $35.00 and gave the company a “market perform” rating in a research report on Wednesday, August 24th. Citigroup Inc. lifted their price objective on Toll Brothers from $31.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, August 24th. Evercore ISI began coverage on Toll Brothers in a research report on Monday, November 14th. They set a “hold” rating and a $29.00 price objective for the company. Buckingham Research lifted their price objective on Toll Brothers from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, August 24th. Finally, RBC Capital Markets reissued a “sector perform” rating and set a $35.00 price objective (up previously from $32.00) on shares of Toll Brothers in a research report on Thursday, August 25th.

Toll Brothers (NYSE:TOL) opened at 30.37 on Friday. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 13.07 and a beta of 1.22. The company’s 50-day moving average price is $28.54 and its 200-day moving average price is $28.52. Toll Brothers has a one year low of $23.75 and a one year high of $38.15.

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In other news, President Richard T. Hartman sold 18,310 shares of the company’s 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 sale, the president now directly owns 47,937 shares in the company, valued at approximately $1,487,005.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 10.51% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in TOL. Renaissance Technologies LLC raised its stake in Toll Brothers by 184.4% in the first quarter. Renaissance Technologies LLC now owns 531,057 shares of the company’s stock valued at $15,671,000 after buying an additional 344,357 shares in the last quarter. Legal & General Group Plc raised its stake in Toll Brothers by 1.8% in the first quarter. Legal & General Group Plc now owns 615,439 shares of the company’s stock valued at $18,162,000 after buying an additional 10,782 shares in the last quarter. Arizona State Retirement System raised its stake in Toll Brothers by 1.3% in the first quarter. Arizona State Retirement System now owns 85,089 shares of the company’s stock valued at $2,511,000 after buying an additional 1,100 shares in the last quarter. Royal Bank of Canada raised its stake in Toll Brothers by 216.5% in the first quarter. Royal Bank of Canada now owns 733,239 shares of the company’s stock valued at $21,638,000 after buying an additional 501,578 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Toll Brothers by 380.6% in the second quarter. BNP Paribas Arbitrage SA now owns 78,080 shares of the company’s stock valued at $2,101,000 after buying an additional 61,832 shares in the last quarter. Institutional investors own 76.42% of the company’s stock.

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.

5 Day Chart for NYSE:TOL

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