Raymond James Financial reaffirmed their outperform rating on shares of Toll Brothers (NYSE:TOL) in a research report released on Thursday morning, MarketBeat.com reports. The brokerage currently has a $52.00 target price on the construction company’s stock, up from their prior target price of $43.00.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada reissued a buy rating and issued a $45.00 price objective on shares of Toll Brothers in a research note on Monday, September 25th. Zacks Investment Research upgraded shares of Toll Brothers from a hold rating to a buy rating and set a $48.00 target price for the company in a research report on Tuesday, October 10th. UBS started coverage on shares of Toll Brothers in a research report on Wednesday, October 25th. They set a buy rating and a $50.00 target price for the company. MKM Partners upped their target price on shares of Toll Brothers to $54.00 and gave the stock a buy rating in a research report on Wednesday, November 29th. Finally, ValuEngine lowered shares of Toll Brothers from a strong-buy rating to a buy rating in a research report on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. Toll Brothers presently has a consensus rating of Hold and an average target price of $46.93.

Shares of Toll Brothers (NYSE:TOL) opened at $47.87 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 6.61 and a quick ratio of 1.10. The stock has a market cap of $7,580.00, a price-to-earnings ratio of 15.01, a PEG ratio of 1.24 and a beta of 1.56. Toll Brothers has a 52 week low of $30.44 and a 52 week high of $51.08.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.02). The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. research analysts anticipate that Toll Brothers will post 3.63 EPS for the current year.

In other Toll Brothers news, President Richard T. Hartman sold 8,537 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $46.00, for a total transaction of $392,702.00. Following the completion of the transaction, the president now owns 27,233 shares in the company, valued at $1,252,718. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carl B. Marbach sold 12,900 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $39.97, for a total transaction of $515,613.00. Following the transaction, the director now owns 114,149 shares of the company’s stock, valued at approximately $4,562,535.53. The disclosure for this sale can be found here. Insiders have sold 84,687 shares of company stock valued at $3,771,390 in the last quarter. 8.78% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Lyell Wealth Management LP lifted its position in Toll Brothers by 3.0% during the third quarter. Lyell Wealth Management LP now owns 89,250 shares of the construction company’s stock valued at $3,701,000 after purchasing an additional 2,625 shares during the last quarter. Prudential Financial Inc. lifted its position in Toll Brothers by 42.9% during the second quarter. Prudential Financial Inc. now owns 1,433,541 shares of the construction company’s stock valued at $56,639,000 after purchasing an additional 430,220 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Toll Brothers by 6.8% during the second quarter. Russell Investments Group Ltd. now owns 152,760 shares of the construction company’s stock valued at $6,040,000 after purchasing an additional 9,723 shares during the last quarter. Principal Financial Group Inc. lifted its position in Toll Brothers by 6.1% during the second quarter. Principal Financial Group Inc. now owns 637,062 shares of the construction company’s stock valued at $25,170,000 after purchasing an additional 36,729 shares during the last quarter. Finally, Andra AP fonden lifted its position in Toll Brothers by 11.6% during the second quarter. Andra AP fonden now owns 71,300 shares of the construction company’s stock valued at $2,817,000 after purchasing an additional 7,400 shares during the last quarter. Institutional investors and hedge funds own 82.52% of the company’s stock.

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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.

Analyst Recommendations for Toll Brothers (NYSE:TOL)

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