Toll Brothers Inc. (NYSE:TOL) shares were down 1% during mid-day trading on Monday . The stock traded as low as $27.88 and last traded at $27.96, with a volume of 1,712,935 shares traded. The stock had previously closed at $28.24.

Several research analysts have recently issued reports on TOL shares. Royal Bank Of Canada increased their price target on Toll Brothers from $29.00 to $31.00 in a research note on Tuesday, April 12th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Toll Brothers in a research note on Tuesday, June 28th. Deutsche Bank AG reaffirmed a “buy” rating and set a $41.00 target price on shares of Toll Brothers in a research note on Wednesday, May 25th. MKM Partners reaffirmed a “buy” rating on shares of Toll Brothers in a research note on Sunday, May 22nd. Finally, Kaufman Brothers set a $38.00 target price on Toll Brothers and gave the company a “buy” rating in a research note on Saturday, May 21st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $38.53.

The firm has a 50 day moving average price of $27.93 and a 200-day moving average price of $28.16. The stock has a market capitalization of $4.63 billion and a P/E ratio of 13.48.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, May 24th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.05. During the same period last year, the business posted $0.37 earnings per share. The firm earned $1.12 billion during the quarter, compared to analyst estimates of $1.04 billion. The firm’s quarterly revenue was up 30.8% on a year-over-year basis. On average, analysts anticipate that Toll Brothers Inc. will post $2.58 earnings per share for the current fiscal year.

In related news, Director Carl B. Marbach sold 3,000 shares of Toll Brothers stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $29.11, for a total transaction of $87,330.00. Following the completion of the sale, the director now directly owns 95,995 shares of the company’s stock, valued at $2,794,414.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Other large investors recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Toll Brothers by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,579,459 shares of the company’s stock worth $85,898,000 after buying an additional 136,625 shares during the period. Trexquant Investment LP boosted its stake in shares of Toll Brothers by 224.4% in the fourth quarter. Trexquant Investment LP now owns 121,656 shares of the company’s stock worth $4,051,000 after buying an additional 84,156 shares during the period. Atlanta Capital Group boosted its stake in shares of Toll Brothers by 98.9% in the fourth quarter. Atlanta Capital Group now owns 90,690 shares of the company’s stock worth $3,020,000 after buying an additional 45,096 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Toll Brothers by 40.4% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 2,085,000 shares of the company’s stock worth $69,431,000 after buying an additional 600,000 shares during the period. Finally, Condor Capital Management boosted its stake in shares of Toll Brothers by 1.3% in the fourth quarter. Condor Capital Management now owns 48,249 shares of the company’s stock worth $1,607,000 after buying an additional 596 shares during the period.

Toll Brothers, Inc designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities. The Company caters to move-up, empty nester, active-adult, age-qualified and second-home buyers in the United States (Traditional Home Building Product). The Company operates in two segments: traditional home building and urban infill.

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