Toll Brothers (NYSE:TOL) Stock Rating Upgraded by StockNews.com

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

Several other equities research analysts have also recently commented on the company. Barclays cut their target price on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 25th. The Goldman Sachs Group reduced their price target on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Evercore ISI upped their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Finally, Wells Fargo & Company lowered their price target on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average target price of $147.57.

Toll Brothers Stock Performance

TOL stock opened at $100.73 on Friday. Toll Brothers has a 1-year low of $95.00 and a 1-year high of $169.52. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The firm has a market cap of $10.06 billion, a PE ratio of 6.93, a P/E/G ratio of 1.02 and a beta of 1.48. The business’s 50-day moving average price is $115.67 and its two-hundred day moving average price is $135.04.

Toll Brothers (NYSE:TOL) last released its quarterly 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). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. As a group, research analysts forecast that Toll Brothers will post 13.83 earnings per share for the current year.

Insider Activity at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the transaction, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Toll Brothers

A number of hedge funds have recently made changes to their positions in TOL. Norges Bank bought a new stake in shares of Toll Brothers in the 4th quarter valued at $149,924,000. Balyasny Asset Management L.P. increased 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 in the last quarter. D1 Capital Partners L.P. acquired a new position in shares of Toll Brothers during the fourth quarter worth approximately $106,428,000. Junto Capital Management LP acquired a new position in Toll Brothers during the fourth quarter worth $54,929,000. Finally, FMR LLC raised its holdings in shares of Toll Brothers by 19.4% in the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company’s stock worth $318,509,000 after acquiring an additional 410,394 shares during the last quarter. 91.76% of the stock is currently owned by 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.