Toll Brothers Inc. (TOL) Lowered to “Buy” at BidaskClub
Toll Brothers Inc. (NYSE:TOL) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.
Other equities analysts also recently issued reports about the company. Citigroup Inc. upped their target price on Toll Brothers from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. Bank of America Corporation reissued a “buy” rating and issued a $43.00 target price (up from $40.00) on shares of Toll Brothers in a research report on Wednesday, May 24th. Mizuho reissued a “buy” rating and issued a $44.00 target price on shares of Toll Brothers in a research report on Wednesday, May 24th. Zelman & Associates raised Toll Brothers from a “hold” rating to a “buy” rating in a research report on Wednesday, May 17th. Finally, Zacks Investment Research raised Toll Brothers from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Toll Brothers has an average rating of “Buy” and an average target price of $39.33.
Toll Brothers (NYSE TOL) traded down 0.23% on Monday, hitting $39.21. The stock had a trading volume of 1,482,857 shares. Toll Brothers has a 1-year low of $26.65 and a 1-year high of $41.07. The stock’s 50-day moving average is $39.04 and its 200 day moving average is $35.77. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 16.17 and a beta of 1.52.
Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, May 23rd. The construction company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.63 by $0.10. Toll Brothers had a return on equity of 9.71% and a net margin of 7.67%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, equities research analysts predict that Toll Brothers will post $3.15 earnings per share for the current fiscal year.
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In other news, CEO Douglas C. Jr. Yearley sold 10,000 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $38.50, for a total transaction of $385,000.00. Following the sale, the chief executive officer now directly owns 186,372 shares of the company’s stock, valued at approximately $7,175,322. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 5,500 shares of the stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $39.78, for a total transaction of $218,790.00. Following the sale, the chief executive officer now directly owns 180,527 shares in the company, valued at $7,181,364.06. The disclosure for this sale can be found here. Insiders have sold a total of 405,500 shares of company stock worth $15,531,221 over the last ninety days. 8.78% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of TOL. RMB Capital Management LLC purchased a new stake in Toll Brothers during the fourth quarter valued at about $217,000. M Holdings Securities Inc. raised its stake in Toll Brothers by 5.2% in the fourth quarter. M Holdings Securities Inc. now owns 8,843 shares of the construction company’s stock valued at $274,000 after buying an additional 438 shares during the last quarter. Teachers Advisors LLC raised its stake in Toll Brothers by 3.9% in the fourth quarter. Teachers Advisors LLC now owns 155,082 shares of the construction company’s stock valued at $4,808,000 after buying an additional 5,830 shares during the last quarter. Macquarie Group Ltd. raised its stake in Toll Brothers by 17.9% in the fourth quarter. Macquarie Group Ltd. now owns 3,300 shares of the construction company’s stock valued at $102,000 after buying an additional 500 shares during the last quarter. Finally, New Century Investment Management Inc. purchased a new stake in Toll Brothers during the fourth quarter valued at about $316,000. 80.19% of the stock is currently owned by institutional investors and hedge funds.
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.
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