Toll Brothers (NYSE:TOL) Given “Outperform” Rating at Wedbush

Toll Brothers (NYSE:TOL)‘s stock had its “outperform” rating reiterated by equities research analysts at Wedbush in a research note issued on Wednesday,RTT News reports. They currently have a $175.00 price target on the construction company’s stock. Wedbush’s price objective suggests a potential upside of 20.84% from the company’s current price.

Other research analysts have also issued reports about the company. Oppenheimer increased their price objective on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company raised their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Bank of America boosted their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Royal Bank of Canada upped their price target on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, StockNews.com downgraded Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $150.33.

Toll Brothers Price Performance

Shares of Toll Brothers stock traded down $0.78 on Wednesday, hitting $144.82. 180,518 shares of the company were exchanged, compared to its average volume of 1,354,342. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $153.92 and a 200 day moving average price of $139.06. The stock has a market capitalization of $14.62 billion, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 1.16 and a beta of 1.69. Toll Brothers has a 1-year low of $91.92 and a 1-year high of $169.52.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the previous year, the company posted $4.11 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, sell-side analysts predict that Toll Brothers will post 13.52 earnings per share for the current fiscal year.

Insider Activity at Toll Brothers

In related news, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the sale, the director now owns 9,944 shares in the company, valued at $1,502,538.40. This represents a 9.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the transaction, the chief executive officer now directly owns 246,382 shares in the company, valued at $38,068,482.82. The trade was a 16.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,000 shares of company stock valued at $16,435,800 over the last ninety days. 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 business. SG Americas Securities LLC lifted its holdings in shares of Toll Brothers by 549.5% during the second quarter. SG Americas Securities LLC now owns 21,199 shares of the construction company’s stock worth $2,442,000 after purchasing an additional 17,935 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Toll Brothers in the 2nd quarter worth $216,000. Diversified Trust Co boosted its holdings in shares of Toll Brothers by 1.7% in the second quarter. Diversified Trust Co now owns 5,926 shares of the construction company’s stock valued at $683,000 after acquiring an additional 100 shares in the last quarter. ORG Partners LLC increased its stake in shares of Toll Brothers by 592.6% during the second quarter. ORG Partners LLC now owns 1,967 shares of the construction company’s stock worth $221,000 after acquiring an additional 1,683 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in Toll Brothers during the second quarter worth about $274,000. 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.