Toll Brothers (NYSE:TOL) Raised to Hold at StockNews.com

Toll Brothers (NYSE:TOL) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently commented on the stock. Oppenheimer lowered their target price on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Evercore ISI boosted their target price on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Barclays decreased their price objective on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating for the company in a research report on Tuesday, February 25th. Finally, Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $147.57.

Toll Brothers Stock Up 2.4 %

NYSE:TOL opened at $100.73 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The stock has a 50-day simple moving average of $115.67 and a 200 day simple moving average of $135.04. Toll Brothers has a one year low of $95.00 and a one year high of $169.52. The company has a market capitalization of $10.06 billion, a price-to-earnings ratio of 6.93, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. Sell-side analysts predict that Toll Brothers will post 13.83 EPS for the current fiscal year.

Insider Buying and Selling at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the transaction, the director now directly owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in Toll Brothers during the fourth quarter worth about $149,924,000. Balyasny Asset Management L.P. boosted its position in Toll Brothers by 24,475.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company’s stock valued at $140,400,000 after buying an additional 1,110,192 shares during the last quarter. D1 Capital Partners L.P. bought a new position in Toll Brothers in the fourth quarter valued at about $106,428,000. Junto Capital Management LP acquired a new stake in Toll Brothers in the fourth quarter worth about $54,929,000. Finally, FMR LLC raised its holdings in Toll Brothers by 19.4% during the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company’s stock worth $318,509,000 after purchasing an additional 410,394 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

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.