Today, Toll Brothers Inc. (TOL) Receives Consensus Rating of “Buy” from Analysts

Today, Toll Brothers Inc. (TOL) Receives Consensus Rating of “Buy” from Analysts
Toll Brothers Inc. (NYSE:TOL) has been assigned an average rating of “Buy” from the twenty-one analysts that are currently covering the company. Eleven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $35.07.

Several brokerages have recently issued reports on TOL. RBC Capital Markets reiterated a “sector perform” rating and issued a $35.00 price objective (up from $32.00) on shares of Toll Brothers in a research note on Thursday, August 25th. Citigroup Inc. increased their price objective on Toll Brothers from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, August 24th. TheStreet upgraded Toll Brothers from a “hold” rating to a “buy” rating in a research note on Monday, August 15th. Royal Bank Of Canada increased their price objective on Toll Brothers from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 24th. Finally, Evercore ISI began coverage on Toll Brothers in a research note on Monday, November 14th. They issued a “hold” rating and a $29.00 price objective on the stock.

Shares of Toll Brothers (NYSE:TOL) traded up 1.16% during mid-day trading on Friday, reaching $30.40. The company’s stock had a trading volume of 351,038 shares. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 13.09 and a beta of 1.22. Toll Brothers has a 52 week low of $23.75 and a 52 week high of $38.15. The company’s 50-day moving average is $28.54 and its 200-day moving average is $28.49.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 23rd. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.61. The business had revenue of $1.27 billion for the quarter. Toll Brothers had a return on equity of 9.98% and a net margin of 8.73%. The firm’s revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 earnings per share. Equities analysts predict that Toll Brothers will post $2.50 EPS for the current year.

In other news, President Richard T. Hartman sold 18,310 shares of the stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $31.02, for a total transaction of $567,976.20. Following the completion of the sale, the president now owns 47,937 shares in the company, valued at $1,487,005.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 10.51% of the company’s stock.

Large investors have recently made changes to their positions in the stock. FMR LLC increased its stake in shares of Toll Brothers by 29.8% in the second quarter. FMR LLC now owns 7,999,530 shares of the company’s stock worth $215,268,000 after buying an additional 1,834,568 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Toll Brothers by 87.6% in the third quarter. Neuberger Berman Group LLC now owns 3,291,501 shares of the company’s stock worth $98,284,000 after buying an additional 1,537,146 shares during the last quarter. Chartwell Investment Partners LLC increased its stake in shares of Toll Brothers by 3,279.5% in the second quarter. Chartwell Investment Partners LLC now owns 1,089,875 shares of the company’s stock worth $29,329,000 after buying an additional 1,057,625 shares during the last quarter. Greenhaven Associates Inc. increased its stake in shares of Toll Brothers by 59.6% in the second quarter. Greenhaven Associates Inc. now owns 2,654,933 shares of the company’s stock worth $71,444,000 after buying an additional 991,500 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Toll Brothers by 35.9% in the second quarter. Bank of New York Mellon Corp now owns 2,501,374 shares of the company’s stock worth $67,311,000 after buying an additional 661,035 shares during the last quarter. Hedge funds and other institutional investors own 76.42% of the company’s stock.

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