Toll Brothers (TOL) Rating Lowered to Buy at ValuEngine

Toll Brothers (NYSE:TOL) was downgraded by research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday.

A number of other research analysts also recently issued reports on TOL. Mizuho set a $54.00 price objective on shares of Toll Brothers and gave the company a “buy” rating in a research report on Wednesday, February 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $55.00 price objective on shares of Toll Brothers in a research report on Wednesday, January 24th. UBS reissued a “buy” rating and set a $58.00 price objective (up from $53.00) on shares of Toll Brothers in a research report on Wednesday, January 17th. Wedbush boosted their price objective on shares of Toll Brothers from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, December 29th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $56.00 price objective (up from $45.00) on shares of Toll Brothers in a research report on Monday, January 22nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $50.75.

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Shares of NYSE TOL opened at $41.37 on Thursday. The company has a current ratio of 7.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.79. Toll Brothers has a 52 week low of $35.07 and a 52 week high of $52.73. The firm has a market capitalization of $6,656.57, a P/E ratio of 13.05, a PEG ratio of 0.74 and a beta of 1.38.



Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.09. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. Toll Brothers had a net margin of 9.84% and a return on equity of 12.58%. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS. analysts anticipate that Toll Brothers will post 4.25 earnings per share for the current fiscal year.

In other news, CFO Martin P. Connor sold 12,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $51.83, for a total value of $621,960.00. Following the sale, the chief financial officer now directly owns 55,357 shares of the company’s stock, valued at approximately $2,869,153.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.78% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB grew its position in shares of Toll Brothers by 12.1% in the 4th quarter. Xact Kapitalforvaltning AB now owns 13,868 shares of the construction company’s stock worth $666,000 after buying an additional 1,493 shares during the period. BRYN MAWR TRUST Co purchased a new stake in shares of Toll Brothers in the 4th quarter worth about $231,000. Sterling Capital Management LLC grew its position in shares of Toll Brothers by 70.2% in the 4th quarter. Sterling Capital Management LLC now owns 71,526 shares of the construction company’s stock worth $3,435,000 after buying an additional 29,500 shares during the period. MetLife Investment Advisors LLC purchased a new stake in shares of Toll Brothers in the 4th quarter worth about $4,472,000. Finally, Glenmede Trust Co. NA grew its position in shares of Toll Brothers by 3.1% in the 4th quarter. Glenmede Trust Co. NA now owns 57,814 shares of the construction company’s stock worth $2,775,000 after buying an additional 1,732 shares during the period. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

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About Toll Brothers

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