Toll Brothers (NYSE:TOL) Upgraded by KeyCorp to Sector Weight

KeyCorp upgraded shares of Toll Brothers (NYSE:TOLGet Rating) from an underweight rating to a sector weight rating in a research note released on Monday morning, Marketbeat.com reports.

Several other analysts have also weighed in on the stock. Citigroup dropped their price objective on shares of Toll Brothers from $49.00 to $44.00 and set a neutral rating for the company in a report on Tuesday, June 21st. Bank of America lowered shares of Toll Brothers from a buy rating to a neutral rating and set a $49.00 price objective for the company. in a report on Thursday, August 25th. UBS Group dropped their price objective on shares of Toll Brothers from $74.00 to $59.00 and set a buy rating for the company in a report on Thursday, June 16th. Wedbush dropped their price objective on shares of Toll Brothers from $62.00 to $50.00 and set a neutral rating for the company in a report on Thursday, August 25th. Finally, Royal Bank of Canada dropped their price objective on shares of Toll Brothers from $67.00 to $53.00 in a report on Thursday, May 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $51.67.

Toll Brothers Stock Performance

NYSE:TOL opened at $44.58 on Monday. Toll Brothers has a 12-month low of $40.19 and a 12-month high of $75.61. The company has a quick ratio of 0.48, a current ratio of 4.99 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $5.05 billion, a PE ratio of 5.27 and a beta of 1.49. The firm has a 50-day moving average price of $46.90 and a 200 day moving average price of $47.36.

Toll Brothers (NYSE:TOLGet Rating) last posted its quarterly earnings results on Tuesday, August 23rd. The construction company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.05. Toll Brothers had a net margin of 10.62% and a return on equity of 18.93%. During the same period last year, the firm earned $1.87 earnings per share. Research analysts anticipate that Toll Brothers will post 9.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Toll Brothers

A number of hedge funds and other institutional investors have recently bought and sold shares of TOL. Private Advisor Group LLC boosted its stake in Toll Brothers by 45.6% in the fourth quarter. Private Advisor Group LLC now owns 13,013 shares of the construction company’s stock valued at $942,000 after acquiring an additional 4,076 shares during the last quarter. Bank of Montreal Can boosted its stake in Toll Brothers by 49.3% in the fourth quarter. Bank of Montreal Can now owns 77,128 shares of the construction company’s stock valued at $5,604,000 after acquiring an additional 25,466 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Toll Brothers by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 657,355 shares of the construction company’s stock valued at $47,586,000 after acquiring an additional 14,760 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Toll Brothers in the fourth quarter worth $32,561,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in Toll Brothers by 380.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,375 shares of the construction company’s stock worth $244,000 after purchasing an additional 2,673 shares during the period. 85.37% of the stock is owned by institutional investors.

About Toll Brothers

(Get Rating)

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. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living.

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Analyst Recommendations for Toll Brothers (NYSE:TOL)

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