Toll Brothers (NYSE:TOL) was upgraded by investment analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued on Monday, MarketBeat.com reports. The firm currently has a $40.00 price target on the construction company’s stock, up from their prior price target of $39.00. Keefe, Bruyette & Woods’ price target points to a potential upside of 22.74% from the company’s current price.

Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Toll Brothers from a “buy” rating to a “hold” rating and set a $26.00 target price on the stock. in a report on Saturday, May 9th. Goldman Sachs Group downgraded Toll Brothers from a “neutral” rating to a “sell” rating in a report on Thursday, April 2nd. Royal Bank of Canada boosted their target price on shares of Toll Brothers from $31.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Credit Suisse Group initiated coverage on shares of Toll Brothers in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $31.00 target price on the stock. Finally, Bank of America cut shares of Toll Brothers from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $45.00 to $35.00 in a research report on Thursday, March 12th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $37.53.

Shares of NYSE TOL opened at $32.59 on Monday. The firm has a fifty day simple moving average of $30.97 and a two-hundred day simple moving average of $33.55. Toll Brothers has a 12 month low of $13.28 and a 12 month high of $49.31. The company has a current ratio of 6.84, a quick ratio of 1.21 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $3.68 billion, a PE ratio of 9.56 and a beta of 1.66.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Wednesday, May 27th. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.14. Toll Brothers had a net margin of 6.85% and a return on equity of 9.91%. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the company earned $0.87 earnings per share. Toll Brothers’s quarterly revenue was down 9.7% on a year-over-year basis. On average, sell-side analysts predict that Toll Brothers will post 2.85 earnings per share for the current year.

In related news, CEO Douglas C. Jr. Yearley sold 120,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $34.31, for a total value of $4,117,200.00. 10.94% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors purchased a new position in Toll Brothers in the 1st quarter worth about $29,000. Clearbridge Investments LLC grew its stake in shares of Toll Brothers by 124.9% in the first quarter. Clearbridge Investments LLC now owns 1,900 shares of the construction company’s stock worth $37,000 after acquiring an additional 1,055 shares during the period. Hoey Investments Inc. purchased a new position in shares of Toll Brothers during the first quarter valued at approximately $39,000. Ancora Advisors LLC bought a new position in Toll Brothers during the fourth quarter valued at approximately $40,000. Finally, CWM LLC boosted its holdings in Toll Brothers by 68.4% in the first quarter. CWM LLC now owns 2,504 shares of the construction company’s stock worth $48,000 after purchasing an additional 1,017 shares during the last quarter. Institutional investors own 81.84% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

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Analyst Recommendations for Toll Brothers (NYSE:TOL)

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