The Analysts Set Toll Brothers Inc. (TOL) PT at $35.07

The Analysts Set Toll Brothers Inc. (TOL) PT at $35.07

Shares of Toll Brothers Inc. (NYSE:TOL) have earned an average rating of “Buy” from the twenty-one analysts that are covering the firm. 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 objective among analysts that have covered the stock in the last year is $35.07.

TOL has been the topic of a number of research analyst reports. TheStreet upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research note on Monday, August 15th. Wells Fargo & Co. initiated coverage on shares of Toll Brothers in a research note on Wednesday, September 28th. They issued an “outperform” rating on the stock. Royal Bank Of Canada boosted their target price on shares of Toll Brothers from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 24th. Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Tuesday, October 25th. Finally, RBC Capital Markets reiterated a “sector perform” rating and issued a $35.00 target price (up from $32.00) on shares of Toll Brothers in a research note on Thursday, August 25th.

In related news, President Richard T. Hartman sold 18,310 shares of the stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $31.02, for a total transaction of $567,976.20. Following the transaction, the president now owns 47,937 shares of the company’s stock, valued at approximately $1,487,005.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 10.51% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. ETRADE Capital Management LLC acquired a new position in Toll Brothers during the third quarter valued at approximately $282,000. Financial Partners Capital Management LLC raised its position in Toll Brothers by 1.4% in the third quarter. Financial Partners Capital Management LLC now owns 166,785 shares of the company’s stock valued at $4,788,000 after buying an additional 2,225 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in Toll Brothers by 88.5% in the third quarter. Ameritas Investment Partners Inc. now owns 45,479 shares of the company’s stock valued at $1,358,000 after buying an additional 21,354 shares in the last quarter. Chartwell Investment Partners LLC raised its position in Toll Brothers by 41.2% in the third quarter. Chartwell Investment Partners LLC now owns 1,539,365 shares of the company’s stock valued at $45,965,000 after buying an additional 449,490 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in Toll Brothers during the third quarter valued at approximately $2,431,000. 76.42% of the stock is currently owned by institutional investors.

Toll Brothers (NYSE:TOL) opened at 30.37 on Friday. Toll Brothers has a one year low of $23.75 and a one year high of $38.15. The company has a market capitalization of $4.98 billion, a PE ratio of 13.07 and a beta of 1.22. The stock’s 50 day moving average is $28.54 and its 200 day moving average is $28.52.

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