Toll Brothers (NYSE:TOL) Raised to “Strong-Buy” at Seaport Res Ptn

Toll Brothers (NYSE:TOL) was upgraded by stock analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the company. Keefe, Bruyette & Woods lowered their price target on Toll Brothers from $132.00 to $120.00 and set a “market perform” rating on the stock in a report on Tuesday, May 20th. UBS Group restated a “buy” rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Wedbush reissued an “outperform” rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Raymond James Financial restated a “strong-buy” rating and set a $130.00 target price (down previously from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. Finally, Evercore ISI reissued an “outperform” rating and set a $169.00 price objective (up from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.85.

Toll Brothers Trading Down 3.2%

Shares of TOL stock opened at $122.63 on Wednesday. The business’s fifty day moving average price is $111.98 and its 200 day moving average price is $112.32. The firm has a market capitalization of $12.04 billion, a PE ratio of 9.10, a P/E/G ratio of 1.32 and a beta of 1.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44. Toll Brothers has a 1-year low of $86.67 and a 1-year high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.64. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.38 EPS. As a group, sell-side analysts forecast that Toll Brothers will post 13.83 EPS for the current fiscal year.

Insider Activity at Toll Brothers

In other news, Director Stephen F. East sold 2,500 shares of the company’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total transaction of $288,325.00. Following the completion of the transaction, the director owned 12,787 shares of the company’s stock, valued at $1,474,724.71. This represents a 16.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Michael J. Grubb sold 500 shares of the firm’s stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $120.00, for a total transaction of $60,000.00. Following the completion of the sale, the chief accounting officer directly owned 2,439 shares in the company, valued at $292,680. This represents a 17.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,770 shares of company stock worth $440,586. 1.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Toll Brothers

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in Toll Brothers during the 4th quarter worth approximately $149,924,000. Long Pond Capital LP purchased a new stake in Toll Brothers during the first quarter worth approximately $117,870,000. Balyasny Asset Management L.P. increased its position in shares of Toll Brothers by 24,475.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company’s stock worth $140,400,000 after acquiring an additional 1,110,192 shares in the last quarter. D1 Capital Partners L.P. purchased a new position in shares of Toll Brothers in the 4th quarter valued at $106,428,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Toll Brothers by 149.5% during the 1st quarter. Victory Capital Management Inc. now owns 974,587 shares of the construction company’s stock valued at $102,907,000 after acquiring an additional 583,940 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Company Profile

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.