Toll Brothers (NYSE:TOL) Earns “Outperform” Rating from Wedbush

Toll Brothers (NYSE:TOL)‘s stock had its “outperform” rating reissued by stock analysts at Wedbush in a report issued on Wednesday,RTT News reports. They presently have a $175.00 target price on the construction company’s stock. Wedbush’s price objective indicates a potential upside of 20.84% from the company’s previous close.

Several other research firms have also commented on TOL. Wells Fargo & Company increased their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Barclays boosted their price objective on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, August 22nd. Oppenheimer raised their price objective on Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Bank of America lifted their target price on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.33.

Toll Brothers Price Performance

Shares of TOL stock traded down $0.78 during mid-day trading on Wednesday, hitting $144.82. The company had a trading volume of 180,518 shares, compared to its average volume of 1,354,342. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The stock’s 50 day moving average price is $153.92 and its 200-day moving average price is $139.06. Toll Brothers has a 52-week low of $91.92 and a 52-week high of $169.52. The company has a market capitalization of $14.62 billion, a P/E ratio of 9.98, a P/E/G ratio of 1.16 and a beta of 1.69.

Toll Brothers (NYSE:TOL) last announced its quarterly 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. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.11 EPS. Equities research analysts forecast that Toll Brothers will post 13.52 earnings per share for the current year.

Insider Buying and Selling at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 296,382 shares in the company, valued at $45,361,265.10. This trade represents a 7.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $155.44, for a total transaction of $777,200.00. Following the completion of the transaction, the chief financial officer now owns 9,721 shares in the company, valued at approximately $1,511,032.24. This trade represents a 33.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,000 shares of company stock worth $16,435,800 over the last three months. Corporate insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

Hedge funds have recently added to or reduced their stakes in the company. TCW Group Inc. raised its stake in shares of Toll Brothers by 27.9% during the 2nd quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock worth $8,713,000 after buying an additional 16,503 shares during the period. Chartwell Investment Partners LLC increased its holdings 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 acquiring an additional 14,092 shares in the last quarter. Avior Wealth Management LLC raised its position in Toll Brothers by 4,894.1% during the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after acquiring an additional 3,328 shares during the period. International Assets Investment Management LLC lifted its holdings in Toll Brothers by 62,605.9% during the third quarter. International Assets Investment Management LLC now owns 10,660 shares of the construction company’s stock valued at $1,647,000 after purchasing an additional 10,643 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Toll Brothers by 549.5% in the second quarter. SG Americas Securities LLC now owns 21,199 shares of the construction company’s stock valued at $2,442,000 after purchasing an additional 17,935 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

About Toll Brothers

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.