Shares of Toll Brothers Inc. (NYSE:TOL) fell 2.2% during mid-day trading on Wednesday . The stock traded as low as $31.00 and last traded at $31.20, with a volume of 3,357,776 shares trading hands. The stock had previously closed at $31.91.

Several research firms have issued reports on TOL. Citigroup Inc. upped their price target on shares of Toll Brothers from $31.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday. Keefe, Bruyette & Woods increased their target price on shares of Toll Brothers from $34.00 to $35.00 and gave the stock a “market perform” rating in a report on Wednesday. Royal Bank Of Canada increased their target price on shares of Toll Brothers from $32.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday. Buckingham Research increased their target price on shares of Toll Brothers from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $41.00 target price on shares of Toll Brothers in a report on Wednesday, May 25th. One investment 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 company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $37.97.

The stock has a market capitalization of $5.15 billion and a P/E ratio of 14.97. The firm’s 50 day moving average is $28.12 and its 200 day moving average is $27.93.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 23rd. The company reported $0.61 EPS for the quarter, hitting analysts’ consensus estimates of $0.61. The firm had revenue of $1.27 billion for the quarter. During the same period in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. On average, analysts forecast that Toll Brothers Inc. will post $2.58 EPS for the current fiscal year.

In other Toll Brothers news, Director Carl B. Marbach sold 3,000 shares of the business’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $29.11, for a total value 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 approximately $2,794,414.45. The transaction was disclosed in a filing with the SEC, which is available through this link.

Other large investors recently added to or reduced their stakes in the company. Utah Retirement Systems boosted its stake in Toll Brothers by 0.3% in the fourth quarter. Utah Retirement Systems now owns 31,405 shares of the company’s stock valued at $1,045,000 after buying an additional 100 shares during the period. Airain ltd boosted its stake in Toll Brothers by 1,069.3% in the fourth quarter. Airain ltd now owns 132,128 shares of the company’s stock valued at $4,400,000 after buying an additional 120,828 shares during the period. Principal Financial Group Inc. boosted its stake in Toll Brothers by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 517,866 shares of the company’s stock valued at $17,245,000 after buying an additional 7,409 shares during the period. Finally, Morgan Stanley boosted its stake in Toll Brothers by 0.8% in the fourth quarter. Morgan Stanley now owns 531,336 shares of the company’s stock valued at $17,694,000 after buying an additional 4,326 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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