Toll Brothers Inc. (NYSE:TOL) shares traded up 8.4% during mid-day trading on Tuesday . The stock traded as high as $32.15 and last traded at $31.78, with a volume of 9,608,666 shares traded. The stock had previously closed at $29.33.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Toll Brothers from a “hold” rating to a “sell” rating in a research report on Monday, May 23rd. Royal Bank Of Canada upped their target price on shares of Toll Brothers from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Credit Suisse Group AG lowered shares of Toll Brothers from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $34.00 to $30.00 in a research report on Monday, July 11th. Kaufman Brothers set a $38.00 price target on shares of Toll Brothers and gave the stock a “buy” rating in a research note on Saturday, May 21st. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Toll Brothers from $34.00 to $35.00 and gave the stock a “market perform” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $37.83.

The firm has a 50 day moving average price of $28.24 and a 200 day moving average price of $27.95. The firm has a market cap of $5.15 billion and a price-to-earnings ratio of 14.97.

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

Several large investors have bought and sold shares of the stock. Utah Retirement Systems raised 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 in the last quarter. Principal Financial Group Inc. raised 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 in the last quarter. Finally, Morgan Stanley raised 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 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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