Toll Brothers Inc. (NYSE:TOL)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $40.68, but opened at $39.87. Toll Brothers shares last traded at $39.21, with a volume of 1,755,763 shares.

A number of brokerages recently weighed in on TOL. BidaskClub raised shares of Toll Brothers from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. KeyCorp reissued a “hold” rating on shares of Toll Brothers in a research note on Friday, August 25th. Credit Suisse Group began coverage on shares of Toll Brothers in a research note on Thursday, June 22nd. They set a “neutral” rating and a $39.00 target price for the company. Citigroup Inc. lifted their target price on shares of Toll Brothers from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Finally, Buckingham Research downgraded shares of Toll Brothers from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 24th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $40.67.

The firm’s 50 day moving average is $38.87 and its 200-day moving average is $37.72. The company has a market capitalization of $6.20 billion, a PE ratio of 14.61 and a beta of 1.49.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 22nd. The construction company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.19. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the company posted $0.61 EPS. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, analysts predict that Toll Brothers Inc. will post $3.20 EPS for the current year.

In related news, CEO Douglas C. Jr. Yearley sold 4,155 shares of the stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $39.92, for a total value of $165,867.60. Following the completion of the transaction, the chief executive officer now directly owns 176,372 shares in the company, valued at approximately $7,040,770.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 2,000 shares of the stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $39.45, for a total transaction of $78,900.00. Following the completion of the transaction, the chief financial officer now owns 34,836 shares of the company’s stock, valued at $1,374,280.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,500 shares of company stock valued at $842,271. 8.78% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. NewSquare Capital LLC bought a new position in shares of Toll Brothers in the 2nd quarter worth about $101,000. Advisors Asset Management Inc. increased its stake in shares of Toll Brothers by 61.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock worth $105,000 after acquiring an additional 1,017 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Toll Brothers by 369.1% in the 2nd quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock worth $108,000 after acquiring an additional 2,152 shares in the last quarter. US Bancorp DE increased its stake in shares of Toll Brothers by 1.8% in the 1st quarter. US Bancorp DE now owns 2,791 shares of the construction company’s stock worth $101,000 after acquiring an additional 49 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Toll Brothers by 10.1% in the 1st quarter. Toronto Dominion Bank now owns 3,704 shares of the construction company’s stock worth $134,000 after acquiring an additional 339 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

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Toll Brothers Company Profile

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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