An issue of Toll Brothers Inc (NYSE:TOL) bonds fell 0.9% as a percentage of their face value during trading on Tuesday. The high-yield issue of debt has a 4.875% coupon and is set to mature on November 15, 2025. The bonds in the issue are now trading at $103.88. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.

A number of equities research analysts recently weighed in on TOL shares. Royal Bank of Canada reissued a “buy” rating and set a $45.00 target price on shares of Toll Brothers in a research report on Wednesday, November 15th. J P Morgan Chase & Co downgraded Toll Brothers from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $41.00 to $45.00 in a research report on Thursday, September 14th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $47.00 target price on shares of Toll Brothers in a research report on Friday, October 20th. Zacks Investment Research raised Toll Brothers from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, October 10th. Finally, BidaskClub downgraded Toll Brothers from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $46.93.

Toll Brothers Inc (NYSE TOL) traded down $0.65 during midday trading on Tuesday, reaching $47.09. The company’s stock had a trading volume of 3,019,664 shares, compared to its average volume of 2,018,909. The company has a quick ratio of 0.97, a current ratio of 6.61 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $7,830.33, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 1.24 and a beta of 1.57. Toll Brothers Inc has a 12 month low of $30.44 and a 12 month high of $51.08.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.09 billion. Toll Brothers had a net margin of 9.21% and a return on equity of 12.00%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 earnings per share. equities analysts expect that Toll Brothers Inc will post 3.63 EPS for the current year.

In other news, CFO Martin P. Connor sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $41.45, for a total value of $82,900.00. Following the transaction, the chief financial officer now directly owns 34,836 shares of the company’s stock, valued at approximately $1,443,952.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carl B. Marbach sold 12,900 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $39.97, for a total value of $515,613.00. Following the completion of the transaction, the director now directly owns 114,149 shares in the company, valued at $4,562,535.53. The disclosure for this sale can be found here. Insiders sold a total of 84,687 shares of company stock worth $3,771,390 over the last three months. 8.78% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank boosted its holdings in shares of Toll Brothers by 5.2% in the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after acquiring an additional 192 shares in the last quarter. Veritable L.P. boosted its holdings in shares of Toll Brothers by 0.9% in the 2nd quarter. Veritable L.P. now owns 26,823 shares of the construction company’s stock worth $1,060,000 after acquiring an additional 237 shares in the last quarter. ETRADE Capital Management LLC boosted its holdings in shares of Toll Brothers by 3.1% in the 2nd quarter. ETRADE Capital Management LLC now owns 12,277 shares of the construction company’s stock worth $485,000 after acquiring an additional 365 shares in the last quarter. Aviva PLC boosted its holdings in shares of Toll Brothers by 0.5% in the 2nd quarter. Aviva PLC now owns 93,400 shares of the construction company’s stock worth $3,690,000 after acquiring an additional 500 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of Toll Brothers by 1.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 44,280 shares of the construction company’s stock worth $1,750,000 after acquiring an additional 698 shares in the last quarter. 82.52% of the stock is currently owned by institutional investors and hedge funds.

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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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