Toll Brothers Inc. (TOL) Sees Large Volume Increase
Toll Brothers Inc. (NYSE:TOL) shares saw an uptick in trading volume on Monday . 2,545,355 shares traded hands during trading, an increase of 24% from the previous session’s volume of 2,046,763 shares.The stock last traded at $29.17 and had previously closed at $28.78.
A number of brokerages have weighed in on TOL. TheStreet raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a report on Monday, August 15th. Zacks Investment Research cut shares of Toll Brothers from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Buckingham Research raised shares of Toll Brothers from a “neutral” rating to a “buy” rating and increased their target price for the stock from $34.00 to $35.00 in a report on Monday, July 18th. Credit Suisse Group AG cut shares of Toll Brothers from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $34.00 to $30.00 in a report on Monday, July 11th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $41.00 target price on shares of Toll Brothers in a report on Wednesday, May 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.34.
The company’s 50 day moving average price is $28.01 and its 200-day moving average price is $27.89. The stock has a market capitalization of $4.86 billion and a P/E ratio of 14.15.
In other Toll Brothers 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 transaction, 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 document filed with the SEC, which can be accessed through this hyperlink.
Other hedge funds and institutional investors recently modified their holdings of the company. Utah Retirement Systems boosted its position in shares of Toll Brothers by 0.3% in the fourth quarter. Utah Retirement Systems now owns 31,405 shares of the company’s stock worth $1,045,000 after buying an additional 100 shares during the last quarter. Airain ltd boosted its position in Toll Brothers by 1,069.3% in the fourth quarter. Airain ltd now owns 132,128 shares of the company’s stock worth $4,400,000 after buying an additional 120,828 shares in the last quarter. Principal Financial Group Inc. boosted its position in Toll Brothers by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 517,866 shares of the company’s stock worth $17,245,000 after buying an additional 7,409 shares in the last quarter. Finally, Morgan Stanley boosted its position in Toll Brothers by 0.8% in the fourth quarter. Morgan Stanley now owns 531,336 shares of the company’s stock worth $17,694,000 after buying an additional 4,326 shares in the last quarter.
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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