Toll Brothers (TOL) Downgraded by ValuEngine to “Buy”
ValuEngine downgraded shares of Toll Brothers (NYSE:TOL) from a strong-buy rating to a buy rating in a report issued on Tuesday morning.
A number of other analysts have also recently commented on TOL. Zacks Investment Research upgraded shares of Toll Brothers from a hold rating to a buy rating and set a $44.00 target price for the company in a research note on Tuesday, August 8th. KeyCorp reiterated a hold rating on shares of Toll Brothers in a research note on Tuesday, September 26th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $40.00 target price on shares of Toll Brothers in a research note on Thursday, August 24th. MKM Partners lifted their target price on shares of Toll Brothers to $54.00 and gave the stock a buy rating in a research note on Wednesday, November 29th. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $45.00 target price on shares of Toll Brothers in a research note on Monday, September 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $45.73.
Toll Brothers (TOL) traded down $3.73 during trading hours on Tuesday, hitting $46.93. 8,290,100 shares of the stock were exchanged, compared to its average volume of 1,983,268. Toll Brothers has a twelve month low of $30.44 and a twelve month high of $51.08. The company has a market cap of $8,286.71, a PE ratio of 18.83, a P/E/G ratio of 1.09 and a beta of 1.57. The company has a quick ratio of 1.10, a current ratio of 6.75 and a debt-to-equity ratio of 0.84.
In related news, President Richard T. Hartman sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $47.00, for a total value of $940,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Martin P. Connor sold 2,000 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $41.45, for a total transaction of $82,900.00. Following the completion of the sale, the chief financial officer now directly owns 34,836 shares of the company’s stock, valued at approximately $1,443,952.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,687 shares of company stock valued at $2,840,390. Insiders own 8.78% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Toll Brothers by 1.8% in the 2nd quarter. BlackRock Inc. now owns 16,811,380 shares of the construction company’s stock worth $664,216,000 after acquiring an additional 291,112 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Toll Brothers by 2.6% during the second quarter. Vanguard Group Inc. now owns 12,540,189 shares of the construction company’s stock worth $495,464,000 after buying an additional 323,334 shares in the last quarter. FMR LLC grew its holdings in shares of Toll Brothers by 13.4% during the second quarter. FMR LLC now owns 9,042,726 shares of the construction company’s stock worth $357,278,000 after buying an additional 1,067,193 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Toll Brothers by 134.8% during the third quarter. JPMorgan Chase & Co. now owns 7,198,069 shares of the construction company’s stock worth $294,978,000 after buying an additional 4,132,120 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Toll Brothers by 0.9% during the second quarter. State Street Corp now owns 6,257,962 shares of the construction company’s stock worth $247,263,000 after buying an additional 53,781 shares in the last quarter. 82.52% of the stock is owned by institutional investors.
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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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