ValuEngine Downgrades Toll Brothers (TOL) to Buy

Toll Brothers (NYSE:TOL) was downgraded by investment analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

Several other research firms have also commented on TOL. MKM Partners raised their price objective on Toll Brothers to $54.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Royal Bank Of Canada reissued a “buy” rating and issued a $45.00 price objective on shares of Toll Brothers in a research report on Wednesday, November 15th. KeyCorp raised Toll Brothers from a “sector weight” rating to an “overweight” rating and raised their price objective for the company from $44.55 to $52.00 in a research report on Thursday, November 2nd. They noted that the move was a valuation call. UBS assumed coverage on Toll Brothers in a research report on Wednesday, October 25th. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $47.00 price objective on shares of Toll Brothers in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $46.00.

Toll Brothers (TOL) opened at $46.68 on Tuesday. Toll Brothers has a fifty-two week low of $30.44 and a fifty-two week high of $51.08. The firm has a market capitalization of $7,460.00, a price-to-earnings ratio of 18.83, a P/E/G ratio of 1.09 and a beta of 1.56. The company has a debt-to-equity ratio of 0.84, a current ratio of 6.75 and a quick ratio of 1.10.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.02). Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the business posted $0.67 EPS. Toll Brothers’s revenue was up 9.3% compared to the same quarter last year. equities analysts forecast that Toll Brothers will post 3.2 EPS for the current fiscal year.

In other news, President Richard T. Hartman sold 8,537 shares of Toll Brothers stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $46.00, for a total transaction of $392,702.00. Following the sale, the president now directly owns 27,233 shares of the company’s stock, valued at $1,252,718. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Carl B. Marbach sold 12,900 shares of Toll Brothers stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $39.97, for a total value of $515,613.00. Following the sale, the director now directly owns 114,149 shares in the company, valued at $4,562,535.53. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,687 shares of company stock worth $2,840,390. Corporate insiders own 8.78% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. World Asset Management Inc grew its stake in Toll Brothers by 1.8% in the second quarter. World Asset Management Inc now owns 10,065 shares of the construction company’s stock worth $398,000 after purchasing an additional 181 shares in the last quarter. Toronto Dominion Bank grew its stake in Toll Brothers by 5.2% in the second quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after purchasing an additional 192 shares in the last quarter. Veritable L.P. grew its stake in Toll Brothers by 0.9% in the second quarter. Veritable L.P. now owns 26,823 shares of the construction company’s stock worth $1,060,000 after purchasing an additional 237 shares in the last quarter. ETRADE Capital Management LLC grew its stake in Toll Brothers by 3.1% in the second quarter. ETRADE Capital Management LLC now owns 12,277 shares of the construction company’s stock worth $485,000 after purchasing an additional 365 shares in the last quarter. Finally, Aviva PLC grew its stake in Toll Brothers by 0.5% in the second quarter. Aviva PLC now owns 93,400 shares of the construction company’s stock worth $3,690,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 82.52% of the company’s stock.

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Toll Brothers Company Profile

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

Analyst Recommendations for Toll Brothers (NYSE:TOL)

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