Toll Brothers (NYSE:TOL) Given “Outperform” Rating at Wedbush

Toll Brothers (NYSE:TOL)‘s stock had its “outperform” rating reaffirmed by Wedbush in a research note issued on Friday,RTT News reports. They presently have a $175.00 price objective on the construction company’s stock. Wedbush’s price objective points to a potential upside of 41.59% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Oppenheimer reiterated an “outperform” rating and set a $189.00 price target on shares of Toll Brothers in a research note on Thursday, December 12th. Keefe, Bruyette & Woods cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $168.00 to $164.00 in a research report on Tuesday, December 10th. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Citigroup dropped their price objective on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, UBS Group decreased their target price on Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Toll Brothers Price Performance

Shares of TOL opened at $123.60 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 4.92. Toll Brothers has a 52-week low of $100.47 and a 52-week high of $169.52. The business’s 50 day moving average price is $131.17 and its two-hundred day moving average price is $141.97. The firm has a market cap of $12.35 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 1.15 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.11 EPS. On average, equities analysts anticipate that Toll Brothers will post 14.15 EPS for the current year.

Insider Buying and Selling

In related news, Director Christine Garvey sold 204 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,202 shares of company stock valued at $1,947,436. Company insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Several hedge funds have recently bought and sold shares of the stock. Fiduciary Alliance LLC purchased a new position in Toll Brothers in the fourth quarter worth $1,117,000. Franklin Resources Inc. increased its position in shares of Toll Brothers by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock valued at $27,659,000 after purchasing an additional 9,195 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Toll Brothers during the 3rd quarter valued at about $12,506,000. Chartwell Investment Partners LLC lifted its position in Toll Brothers by 66.5% in the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock worth $5,453,000 after buying an additional 14,092 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position in Toll Brothers by 4,894.1% in the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after buying an additional 3,328 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Company Profile

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.