Toll Brothers (NYSE:TOL) Stock Rating Upgraded by Seaport Res Ptn

Toll Brothers (NYSE:TOL) was upgraded by investment analysts at Seaport Res Ptn from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

TOL has been the topic of several other reports. UBS Group reduced their price objective on Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Wedbush restated an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday, December 11th. Barclays lowered their price objective on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $189.00 target price on shares of Toll Brothers in a report on Thursday, December 12th. 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 stock. According to MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Toll Brothers Trading Down 1.7 %

Shares of TOL stock opened at $137.52 on Monday. The business’s fifty day moving average price is $138.97 and its 200 day moving average price is $142.37. Toll Brothers has a 1-year low of $97.45 and a 1-year high of $169.52. The firm has a market capitalization of $13.76 billion, a PE ratio of 9.15, a P/E/G ratio of 1.04 and a beta of 1.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL) last posted its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.29. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. Toll Brothers’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.11 earnings per share. As a group, sell-side analysts forecast that Toll Brothers will post 14.25 EPS for the current fiscal year.

Insider Buying and Selling at Toll Brothers

In other news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the sale, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christine Garvey sold 204 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the sale, the director now owns 7,728 shares of the company’s stock, valued at $972,027.84. This trade represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,202 shares of company stock valued at $1,947,436. Corporate insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Institutional investors and hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC grew its position in shares of Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in shares of Toll Brothers by 1.4% in the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after purchasing an additional 72 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in shares of Toll Brothers by 3.7% in the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock valued at $363,000 after purchasing an additional 83 shares during the last quarter. Nilsine Partners LLC grew its position in shares of Toll Brothers by 0.5% in the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock valued at $2,433,000 after purchasing an additional 88 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Toll Brothers by 15.1% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock valued at $88,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

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.