Toll Brothers (NYSE:TOL) Stock Rating Upgraded by Seaport Res Ptn

Toll Brothers (NYSE:TOL) was upgraded by stock analysts at Seaport Res Ptn from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on TOL. Citigroup decreased their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Keefe, Bruyette & Woods lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a report on Wednesday, December 11th. Oppenheimer reiterated an “outperform” rating and set a $189.00 price objective on shares of Toll Brothers in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $150.00 target price (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average target price of $156.00.

Toll Brothers Stock Performance

Shares of TOL opened at $137.52 on Monday. Toll Brothers has a 12 month low of $97.45 and a 12 month high of $169.52. The business’s fifty day simple moving average is $138.97 and its two-hundred day simple moving average is $142.37. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. The company has a market cap of $13.76 billion, a price-to-earnings ratio of 9.15, a P/E/G ratio of 1.04 and a beta of 1.74.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period last year, the firm posted $4.11 earnings per share. Toll Brothers’s revenue was up 10.4% compared to the same quarter last year. Research analysts anticipate that Toll Brothers will post 14.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Christine Garvey sold 204 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the sale, the director now owns 7,728 shares in the company, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the sale, the chief financial officer now directly owns 20,618 shares in the company, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,202 shares of company stock worth $1,947,436. Corporate insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Institutional investors have recently bought and sold shares of the stock. OMC Financial Services LTD bought a new position in Toll Brothers during the fourth quarter valued at $2,330,000. Martin Capital Advisors LLP lifted its holdings in shares of Toll Brothers by 17.0% in the 4th quarter. Martin Capital Advisors LLP now owns 3,576 shares of the construction company’s stock valued at $450,000 after acquiring an additional 520 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Toll Brothers by 16.1% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 293,010 shares of the construction company’s stock worth $36,905,000 after acquiring an additional 40,665 shares in the last quarter. Empowered Funds LLC increased its stake in Toll Brothers by 228.1% during the fourth quarter. Empowered Funds LLC now owns 232,180 shares of the construction company’s stock worth $29,243,000 after acquiring an additional 161,408 shares during the last quarter. Finally, Vest Financial LLC raised its position in Toll Brothers by 98.1% during the fourth quarter. Vest Financial LLC now owns 19,550 shares of the construction company’s stock valued at $2,462,000 after purchasing an additional 9,681 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

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.