Toll Brothers’ (TOL) “Hold” Rating Reaffirmed at KeyCorp
Toll Brothers Inc. (NYSE:TOL)‘s stock had its “hold” rating reaffirmed by KeyCorp in a note issued to investors on Tuesday.
Several other research firms have also issued reports on TOL. Mizuho reissued a “buy” rating on shares of Toll Brothers in a research note on Tuesday, July 11th. BidaskClub lowered Toll Brothers from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Credit Suisse Group assumed coverage on Toll Brothers in a research note on Thursday, June 22nd. They set a “neutral” rating and a $39.00 price objective for the company. J P Morgan Chase & Co lowered Toll Brothers from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $41.00 to $45.00 in a research note on Thursday, September 14th. Finally, Barclays PLC lowered Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 price objective for the company. in a research note on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $40.67.
Toll Brothers (NYSE:TOL) remained flat at $40.21 during mid-day trading on Tuesday. 1,561,558 shares of the company’s stock traded hands. Toll Brothers has a 1-year low of $26.65 and a 1-year high of $41.07. The company’s 50 day moving average price is $38.95 and its 200-day moving average price is $37.88. The company has a market cap of $6.36 billion, a P/E ratio of 14.99 and a beta of 1.49.
Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, August 22nd. The construction company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.19. Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, equities analysts predict that Toll Brothers will post $3.20 EPS for the current fiscal year.
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In other news, Director Carl B. Marbach sold 12,900 shares of Toll Brothers stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $39.97, for a total value of $515,613.00. Following the transaction, the director now owns 114,149 shares in the company, valued at $4,562,535.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Douglas C. Jr. Yearley sold 5,500 shares of Toll Brothers stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $39.78, for a total value of $218,790.00. Following the completion of the transaction, the chief executive officer now owns 180,527 shares in the company, valued at approximately $7,181,364.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,400 shares of company stock valued at $1,278,984. Corporate insiders own 8.78% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE increased its holdings in shares of Toll Brothers by 1.8% in the first quarter. US Bancorp DE now owns 2,791 shares of the construction company’s stock worth $101,000 after buying an additional 49 shares during the period. NewSquare Capital LLC purchased a new position in shares of Toll Brothers in the second quarter worth about $101,000. Advisors Asset Management Inc. increased its holdings in shares of Toll Brothers by 61.6% in the second quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock worth $105,000 after buying an additional 1,017 shares during the period. IFP Advisors Inc increased its holdings in shares of Toll Brothers by 369.1% in the second quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock worth $108,000 after buying an additional 2,152 shares during the period. Finally, Aviance Capital Management LLC purchased a new position in shares of Toll Brothers in the second quarter worth about $151,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.
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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