Toll Brothers Inc. (NYSE:TOL)‘s stock had its “hold” rating reiterated by equities researchers at KeyCorp in a research report issued to clients and investors on Friday. KeyCorp also issued estimates for Toll Brothers’ Q4 2017 earnings at $1.21 EPS.
TOL has been the subject of several other reports. BidaskClub upgraded Toll Brothers from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Credit Suisse Group assumed coverage on Toll Brothers in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $39.00 price target for the company. Citigroup Inc. boosted their price target on Toll Brothers from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, May 25th. Buckingham Research cut Toll Brothers from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 24th. They noted that the move was a valuation call. Finally, Wedbush reiterated a “neutral” rating and issued a $37.00 price target (down from $40.00) on shares of Toll Brothers in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $40.27.
Toll Brothers (TOL) opened at 37.00 on Friday. Toll Brothers has a 12 month low of $26.65 and a 12 month high of $41.07. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 15.26 and a beta of 1.52. The firm has a 50 day moving average price of $39.22 and a 200-day moving average price of $37.04.
Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.19. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Toll Brothers had a return on equity of 9.71% and a net margin of 7.67%. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 earnings per share. On average, equities analysts forecast that Toll Brothers will post $3.15 EPS for the current year.
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In other news, CFO Martin P. Connor sold 2,000 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $38.45, for a total transaction of $76,900.00. Following the completion of the transaction, the chief financial officer now directly owns 34,836 shares in the company, valued at $1,339,444.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas C. Jr. Yearley sold 10,000 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $38.50, for a total transaction of $385,000.00. Following the transaction, the chief executive officer now owns 186,372 shares of the company’s stock, valued at $7,175,322. The disclosure for this sale can be found here. Insiders have sold 130,500 shares of company stock valued at $5,081,221 over the last quarter. Company insiders own 8.78% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Toll Brothers by 7,882.3% in the first quarter. BlackRock Inc. now owns 16,520,268 shares of the construction company’s stock valued at $596,546,000 after buying an additional 16,313,307 shares during the period. FMR LLC increased its position in shares of Toll Brothers by 34.9% in the first quarter. FMR LLC now owns 7,975,533 shares of the construction company’s stock valued at $287,997,000 after buying an additional 2,065,250 shares during the period. Capital Growth Management LP increased its position in shares of Toll Brothers by 110.7% in the first quarter. Capital Growth Management LP now owns 2,950,000 shares of the construction company’s stock valued at $106,524,000 after buying an additional 1,550,000 shares during the period. Systematic Financial Management LP bought a new position in shares of Toll Brothers during the first quarter valued at about $46,928,000. Finally, Jennison Associates LLC increased its position in shares of Toll Brothers by 89.8% in the first quarter. Jennison Associates LLC now owns 2,711,505 shares of the construction company’s stock valued at $97,912,000 after buying an additional 1,283,051 shares during the period. Institutional investors own 80.32% of the company’s stock.
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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