Toll Brothers, Inc. (NYSE:TOL – Get Free Report) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totalling 2,240,000 shares, a drop of 13.8% from the May 31st total of 2,600,000 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily volume of 1,290,000 shares, the short-interest ratio is currently 1.7 days.
Toll Brothers Stock Up 0.0 %
Shares of NYSE:TOL opened at $115.18 on Friday. Toll Brothers has a 1 year low of $68.08 and a 1 year high of $135.37. The stock has a 50-day simple moving average of $121.22 and a 200-day simple moving average of $113.81. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 4.59. The stock has a market capitalization of $11.82 billion, a P/E ratio of 7.87, a PEG ratio of 0.94 and a beta of 1.66.
Toll Brothers (NYSE:TOL – Get Free Report) last announced its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.13 by ($0.75). The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.58 billion. Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.85 earnings per share. Equities analysts forecast that Toll Brothers will post 12.94 earnings per share for the current year.
Toll Brothers Announces Dividend
Insider Activity at Toll Brothers
In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the sale, the director now owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Stephen F. East sold 1,500 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the sale, the director now directly owns 9,389 shares in the company, valued at $1,120,295.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 3,806 shares of Toll Brothers stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total value of $463,723.04. Following the transaction, the chief financial officer now owns 24,721 shares of the company’s stock, valued at $3,012,006.64. The disclosure for this sale can be found here. Insiders sold 21,670 shares of company stock valued at $2,586,315 in the last ninety days. Corporate insiders own 1.54% of the company’s stock.
Institutional Trading of Toll Brothers
A number of hedge funds have recently made changes to their positions in the company. Old Port Advisors purchased a new stake in shares of Toll Brothers during the first quarter worth about $214,000. Cetera Advisors LLC purchased a new stake in Toll Brothers during the 1st quarter worth approximately $733,000. Cetera Investment Advisers raised its position in shares of Toll Brothers by 957.1% in the 1st quarter. Cetera Investment Advisers now owns 22,664 shares of the construction company’s stock valued at $2,932,000 after purchasing an additional 20,520 shares in the last quarter. Burney Co. boosted its stake in shares of Toll Brothers by 8.8% during the 1st quarter. Burney Co. now owns 346,454 shares of the construction company’s stock valued at $44,821,000 after buying an additional 27,993 shares during the last quarter. Finally, Beck Bode LLC acquired a new stake in shares of Toll Brothers during the first quarter worth approximately $860,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.
Analysts Set New Price Targets
TOL has been the subject of a number of recent research reports. StockNews.com upgraded Toll Brothers from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Raymond James reissued a “strong-buy” rating and set a $145.00 price objective (up previously from $135.00) on shares of Toll Brothers in a research note on Thursday, May 23rd. Wells Fargo & Company lifted their target price on shares of Toll Brothers from $142.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Oppenheimer increased their price target on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Finally, Citigroup lifted their price objective on Toll Brothers from $138.00 to $139.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.07.
Read Our Latest Stock Report on TOL
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.
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