Toll Brothers (NYSE:TOL – Get Free Report) was upgraded by research analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday, Marketbeat reports. The brokerage currently has a $161.00 target price on the construction company’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 17.32% from the company’s current price.
TOL has been the subject of a number of other reports. Argus set a $170.00 target price on Toll Brothers in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. raised their price target on Toll Brothers from $141.00 to $143.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Citizens Jmp reiterated a “market outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a report on Wednesday, February 18th. Seaport Research Partners reiterated a “neutral” rating on shares of Toll Brothers in a research report on Tuesday, April 7th. Finally, Wells Fargo & Company raised their target price on shares of Toll Brothers from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $163.56.
Read Our Latest Research Report on TOL
Toll Brothers Trading Down 0.5%
Toll Brothers (NYSE:TOL – Get Free Report) last announced its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.14. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the previous year, the business earned $3.50 EPS. The firm’s revenue was down 7.6% on a year-over-year basis. Equities research analysts predict that Toll Brothers will post 12.67 EPS for the current year.
Insider Activity
In related news, Director Stephen F. East sold 1,000 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $139.70, for a total transaction of $139,700.00. Following the completion of the transaction, the director directly owned 13,442 shares in the company, valued at approximately $1,877,847.40. This trade represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.37% of the company’s stock.
Hedge Funds Weigh In On Toll Brothers
A number of large investors have recently bought and sold shares of the company. Greenhaven Associates Inc. lifted its position in shares of Toll Brothers by 0.4% in the fourth quarter. Greenhaven Associates Inc. now owns 5,603,187 shares of the construction company’s stock worth $757,663,000 after purchasing an additional 22,218 shares in the last quarter. Capital World Investors grew its position in Toll Brothers by 51.5% in the third quarter. Capital World Investors now owns 5,187,673 shares of the construction company’s stock valued at $716,625,000 after purchasing an additional 1,763,211 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Toll Brothers by 2,067.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,303,915 shares of the construction company’s stock valued at $446,756,000 after buying an additional 3,151,509 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Toll Brothers by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,990,447 shares of the construction company’s stock valued at $408,062,000 after buying an additional 100,718 shares during the last quarter. Finally, Holocene Advisors LP lifted its position in Toll Brothers by 78.0% during the 3rd quarter. Holocene Advisors LP now owns 2,224,289 shares of the construction company’s stock worth $307,263,000 after buying an additional 974,567 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.
About Toll Brothers
Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.
In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.
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