Toll Brothers (TOL) Getting Somewhat Positive Media Coverage, Report Finds
News coverage about Toll Brothers (NYSE:TOL) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Toll Brothers earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 45.1692308157136 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Toll Brothers Inc. (TOL) Stock Rating Reaffirmed by Royal Bank Of Canada (americanbankingnews.com)
- Why Is Toll Brothers (TOL) Up 6.9% Since the Last Earnings Report? – Nasdaq (nasdaq.com)
- Zacks: Brokerages Anticipate Toll Brothers Inc. (TOL) Will Post Quarterly Sales of $2.09 Billion (americanbankingnews.com)
- Control4 Joins Toll Brothers In Building Smart Homes (hometheaterreview.com)
Several research firms have recently commented on TOL. Mizuho restated a “buy” rating on shares of Toll Brothers in a research report on Tuesday, July 11th. Barclays PLC lowered Toll Brothers from an “equal weight” rating to an “underweight” rating and set a $37.00 price target for the company. in a research report on Tuesday, July 11th. BidaskClub upgraded Toll Brothers from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. J P Morgan Chase & Co lowered Toll Brothers from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $41.00 to $45.00 in a research report on Thursday, September 14th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $45.00 price target on shares of Toll Brothers in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.67.
Shares of Toll Brothers (NYSE:TOL) opened at 40.19 on Tuesday. The firm has a market capitalization of $6.36 billion, a PE ratio of 14.98 and a beta of 1.49. Toll Brothers has a 52 week low of $26.65 and a 52 week high of $41.07. The stock has a 50 day moving average price of $38.95 and a 200 day moving average price of $37.88.
Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the company earned $0.61 EPS. The firm’s revenue was up 18.3% on a year-over-year basis. Equities analysts forecast that Toll Brothers will post $3.20 earnings per share for the current fiscal year.
In related news, Director Carl B. Marbach sold 12,900 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $39.97, for a total transaction of $515,613.00. Following the completion of the sale, the director now directly owns 114,149 shares of the company’s stock, valued at approximately $4,562,535.53. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard J. Braemer sold 7,500 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $37.88, for a total transaction of $284,100.00. Following the sale, the director now directly owns 110,373 shares of the company’s stock, valued at $4,180,929.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,400 shares of company stock valued at $1,278,984. 8.78% of the stock is owned by corporate insiders.
About Toll Brothers
Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
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