Toll Brothers (NYSE:TOL) Earns Outperform Rating from Oppenheimer

Toll Brothers (NYSE:TOL)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Oppenheimer in a report issued on Thursday,Benzinga reports. They presently have a $189.00 price objective on the construction company’s stock. Oppenheimer’s target price suggests a potential upside of 41.19% from the company’s previous close.

Several other research analysts also recently commented on the company. Barclays raised their target price on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, August 22nd. StockNews.com downgraded Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Keefe, Bruyette & Woods downgraded Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $168.00 to $164.00 in a research report on Tuesday. Royal Bank of Canada lifted their price target on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Bank of America lifted their price target on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $152.53.

Toll Brothers Stock Down 3.3 %

TOL stock opened at $133.86 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92. The company has a market capitalization of $13.52 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 1.07 and a beta of 1.69. Toll Brothers has a fifty-two week low of $95.46 and a fifty-two week high of $169.52. The stock has a fifty day moving average of $153.40 and a 200-day moving average of $139.08.

Toll Brothers (NYSE:TOL) last issued its earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, topping 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 business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter last year, the company earned $4.11 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. As a group, equities research analysts predict that Toll Brothers will post 14.55 earnings per share for the current year.

Insiders Place Their Bets

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $153.05, for a total value of $3,826,250.00. Following the transaction, the chief executive officer now directly owns 296,382 shares of the company’s stock, valued at $45,361,265.10. The trade was a 7.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $155.44, for a total value of $777,200.00. Following the completion of the transaction, the chief financial officer now directly owns 9,721 shares in the company, valued at $1,511,032.24. This trade represents a 33.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,000 shares of company stock valued at $16,435,800 in the last ninety days. Company insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

A number of large investors have recently made changes to their positions in the business. Old North State Trust LLC grew its position in shares of Toll Brothers by 7.4% in the 3rd quarter. Old North State Trust LLC now owns 2,069 shares of the construction company’s stock worth $320,000 after buying an additional 143 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Toll Brothers by 5.4% during the third 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 in the last quarter. Peapack Gladstone Financial Corp bought a new stake in shares of Toll Brothers during the third quarter valued at approximately $263,000. Tidal Investments LLC bought a new stake in shares of Toll Brothers during the third quarter valued at approximately $258,000. Finally, Wilmington Savings Fund Society FSB boosted its position in shares of Toll Brothers by 39.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 12,559 shares of the construction company’s stock valued at $1,940,000 after purchasing an additional 3,570 shares in 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.