Toll Brothers Inc. (NYSE:TOL) traded down 2.2% on Wednesday . The company traded as low as $31.00 and last traded at $31.20, with a volume of 3,357,776 shares changing hands. The stock had previously closed at $31.91.

A number of equities research analysts have recently weighed in on the company. MKM Partners reissued a “buy” rating on shares of Toll Brothers in a research note on Sunday, May 22nd. Credit Suisse Group AG reissued a “buy” rating on shares of Toll Brothers in a research note on Thursday, May 26th. Deutsche Bank AG reissued a “buy” rating and issued a $41.00 target price on shares of Toll Brothers in a research note on Wednesday, May 25th. Keefe, Bruyette & Woods boosted their target price on Toll Brothers from $34.00 to $35.00 and gave the company a “market perform” rating in a research note on Wednesday. Finally, Zacks Investment Research lowered Toll Brothers from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Toll Brothers currently has an average rating of “Buy” and an average target price of $37.83.

The firm’s 50-day moving average is $28.36 and its 200-day moving average is $27.97. The stock has a market cap of $5.18 billion and a PE ratio of 13.45.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, August 23rd. The company reported $0.61 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. During the same period in the previous year, the company earned $0.36 earnings per share. The company had revenue of $1.27 billion for the quarter. The business’s quarterly revenue was up 23.5% on a year-over-year basis. Equities analysts predict that Toll Brothers Inc. will post $2.53 earnings per share for the current fiscal year.

A number of institutional investors have modified their holdings of TOL. Utah Retirement Systems raised 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 valued at $1,045,000 after buying an additional 100 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of 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 last quarter. Finally, Morgan Stanley raised its position in shares of 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.