Toll Brothers (NYSE:TOL) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, ValuEngine reports.

TOL has been the topic of several other research reports. Zacks Investment Research cut Toll Brothers from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. Raymond James set a $40.00 price target on Toll Brothers and gave the company a “buy” rating in a research report on Friday, March 1st. Zelman & Associates upgraded Toll Brothers from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Credit Suisse Group restated a “hold” rating and issued a $37.00 price target on shares of Toll Brothers in a research report on Friday, February 15th. Finally, Mizuho lowered Toll Brothers from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $46.00 to $39.00 in a report on Wednesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Toll Brothers has an average rating of “Hold” and a consensus price target of $40.14.

TOL stock traded up $0.28 during trading on Wednesday, hitting $38.65. The company had a trading volume of 1,375,700 shares, compared to its average volume of 1,758,237. The stock has a market capitalization of $5.54 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 0.98 and a beta of 1.01. Toll Brothers has a 1-year low of $28.68 and a 1-year high of $43.83. The company has a quick ratio of 1.21, a current ratio of 7.74 and a debt-to-equity ratio of 0.74.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, February 26th. The construction company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.13. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Toll Brothers had a return on equity of 15.83% and a net margin of 9.93%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. Analysts expect that Toll Brothers will post 4.47 earnings per share for the current fiscal year.

In other news, President Richard T. Hartman sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $37.18, for a total transaction of $371,800.00. Following the sale, the president now owns 76,461 shares of the company’s stock, valued at approximately $2,842,819.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Martin P. Connor sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $37.94, for a total value of $151,760.00. Following the sale, the chief financial officer now directly owns 72,504 shares in the company, valued at approximately $2,750,801.76. The disclosure for this sale can be found here. Insiders sold a total of 18,000 shares of company stock worth $679,320 in the last ninety days. 9.69% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in TOL. FNY Investment Advisers LLC purchased a new stake in shares of Toll Brothers during the 1st quarter worth approximately $25,000. Meeder Asset Management Inc. boosted its stake in shares of Toll Brothers by 694.0% during the 4th quarter. Meeder Asset Management Inc. now owns 794 shares of the construction company’s stock worth $26,000 after acquiring an additional 694 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Toll Brothers by 309.0% during the 1st quarter. Quadrant Capital Group LLC now owns 953 shares of the construction company’s stock worth $32,000 after acquiring an additional 720 shares in the last quarter. Valley National Advisers Inc. purchased a new stake in shares of Toll Brothers during the 4th quarter worth approximately $33,000. Finally, Sandy Spring Bank boosted its stake in shares of Toll Brothers by 150.1% during the 1st quarter. Sandy Spring Bank now owns 1,078 shares of the construction company’s stock worth $39,000 after acquiring an additional 647 shares in the last quarter. 81.59% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

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Analyst Recommendations for Toll Brothers (NYSE:TOL)

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