Toll Brothers (NYSE:TOL) Stock Rating Upgraded by StockNews.com

Toll Brothers (NYSE:TOL - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Tuesday.

A number of other research firms also recently issued reports on TOL. Wedbush restated an "outperform" rating and issued a $175.00 price target on shares of Toll Brothers in a research note on Friday, February 14th. Evercore ISI boosted their price target on Toll Brothers from $181.00 to $184.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Citigroup dropped their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Royal Bank of Canada reduced their target price on shares of Toll Brothers from $142.00 to $139.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Finally, The Goldman Sachs Group reduced their price target on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $147.57.

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Toll Brothers Stock Performance

NYSE TOL traded up $0.11 during trading hours on Tuesday, hitting $106.94. The company's stock had a trading volume of 453,493 shares, compared to its average volume of 1,422,583. Toll Brothers has a 12 month low of $105.38 and a 12 month high of $169.52. The company's 50 day simple moving average is $124.38 and its two-hundred day simple moving average is $139.57. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The company has a market cap of $10.63 billion, a P/E ratio of 7.37, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The company had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.91 billion. As a group, sell-side analysts expect that Toll Brothers will post 13.83 EPS for the current fiscal year.

Insider Activity at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the sale, the director now directly owns 13,186 shares of the company's stock, valued at $1,458,107.88. This represents a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now owns 119,937 shares of the company's stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,622 shares of company stock valued at $1,993,880 over the last 90 days. 1.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Toll Brothers

Hedge funds and other institutional investors have recently modified their holdings of the business. ORG Partners LLC purchased a new stake in Toll Brothers in the fourth quarter worth $25,000. Capital Performance Advisors LLP bought a new position in shares of Toll Brothers in the third quarter worth about $27,000. Brooklyn Investment Group purchased a new position in Toll Brothers in the 3rd quarter worth about $27,000. Lee Danner & Bass Inc. bought a new stake in Toll Brothers during the 4th quarter valued at about $27,000. Finally, Larson Financial Group LLC boosted its position in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock valued at $28,000 after buying an additional 66 shares during the period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

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.