Zacks Research Downgrades Toll Brothers (NYSE:TOL) to Strong Sell

Toll Brothers (NYSE:TOL) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the company. Citigroup lowered their price target on Toll Brothers from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Thursday. JPMorgan Chase & Co. dropped their target price on shares of Toll Brothers from $161.00 to $141.00 and set an “overweight” rating on the stock in a report on Friday. Royal Bank Of Canada cut their price target on shares of Toll Brothers from $145.00 to $144.00 and set an “outperform” rating on the stock in a research note on Wednesday. Barclays upped their price target on shares of Toll Brothers from $92.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday. Finally, Bank of America dropped their price objective on shares of Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus price target of $150.36.

Toll Brothers Stock Performance

NYSE:TOL opened at $139.13 on Thursday. Toll Brothers has a 12-month low of $86.67 and a 12-month high of $149.79. The firm has a 50-day moving average price of $134.80 and a 200 day moving average price of $128.41. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $13.41 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Monday, December 8th. The construction company reported $4.58 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.30). The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.32 billion. Toll Brothers had a net margin of 12.28% and a return on equity of 16.74%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.63 earnings per share. Research analysts anticipate that Toll Brothers will post 13.83 earnings per share for the current fiscal year.

Institutional Trading of Toll Brothers

Several institutional investors and hedge funds have recently bought and sold shares of TOL. Wiser Advisor Group LLC bought a new position in shares of Toll Brothers during the 3rd quarter worth approximately $27,000. Ramirez Asset Management Inc. acquired a new position in shares of Toll Brothers in the third quarter valued at $28,000. Abich Financial Wealth Management LLC bought a new position in shares of Toll Brothers in the third quarter valued at about $28,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Toll Brothers during the 3rd quarter worth about $29,000. Finally, Smithfield Trust Co boosted its holdings in shares of Toll Brothers by 136.4% during the 3rd quarter. Smithfield Trust Co now owns 260 shares of the construction company’s stock worth $36,000 after buying an additional 150 shares during the period. Institutional investors own 91.76% of the company’s stock.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.