Toll Brothers (NYSE:TOL) PT Raised to $189.00 at Oppenheimer

Toll Brothers (NYSE:TOL) had its target price boosted by equities research analysts at Oppenheimer from $168.00 to $189.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the construction company’s stock. Oppenheimer’s price objective indicates a potential upside of 24.83% from the company’s current price.

Several other research firms have also recently commented on TOL. Barclays raised their target price on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, August 22nd. Citigroup lowered their price objective on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. The Goldman Sachs Group upgraded shares of Toll Brothers from a “sell” rating to a “neutral” rating and upped their price objective for the company from $112.00 to $124.00 in a report on Monday, June 17th. Wells Fargo & Company raised their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Finally, Evercore ISI raised their price target on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $147.07.

Toll Brothers Trading Down 2.2 %

NYSE TOL traded down $3.35 during trading hours on Wednesday, reaching $151.40. The company’s stock had a trading volume of 64,270 shares, compared to its average volume of 1,412,372. The firm has a fifty day simple moving average of $140.75 and a 200-day simple moving average of $128.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. Toll Brothers has a 52 week low of $68.08 and a 52 week high of $156.08. The stock has a market cap of $15.54 billion, a P/E ratio of 10.46, a P/E/G ratio of 1.25 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.29. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. Toll Brothers’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.73 earnings per share. Equities analysts forecast that Toll Brothers will post 13.51 earnings per share for the current fiscal year.

Insider Activity at Toll Brothers

In related news, Director John A. Mclean sold 1,000 shares of Toll Brothers stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares in the company, valued at approximately $1,502,538.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director John A. Mclean sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total transaction of $151,100.00. Following the sale, the director now owns 9,944 shares in the company, valued at approximately $1,502,538.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $154.51, for a total value of $7,725,500.00. Following the sale, the chief executive officer now owns 246,382 shares in the company, valued at approximately $38,068,482.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 191,257 shares of company stock worth $28,646,402. Company insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

A number of hedge funds have recently bought and sold shares of TOL. Fifth Third Bancorp raised its stake in shares of Toll Brothers by 11.2% during the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock worth $94,000 after acquiring an additional 82 shares in the last quarter. Clifford Swan Investment Counsel LLC boosted its holdings in Toll Brothers by 5.1% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock valued at $212,000 after acquiring an additional 89 shares during the period. J.Safra Asset Management Corp increased its stake in Toll Brothers by 21.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 509 shares of the construction company’s stock worth $59,000 after purchasing an additional 90 shares during the period. Diversified Trust Co increased its stake in Toll Brothers by 1.7% in the 2nd quarter. Diversified Trust Co now owns 5,926 shares of the construction company’s stock worth $683,000 after purchasing an additional 100 shares during the period. Finally, Ellis Investment Partners LLC lifted its position in Toll Brothers by 2.8% in the second quarter. Ellis Investment Partners LLC now owns 3,885 shares of the construction company’s stock valued at $447,000 after purchasing an additional 105 shares during the last quarter. Institutional investors 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.