JPMorgan Chase & Co. Reiterates Neutral Rating for Toll Brothers (NYSE:TOL)

Toll Brothers (NYSE:TOL - Get Free Report)'s stock had its "neutral" rating reiterated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Friday, MarketBeat.com reports. They currently have a $150.00 price target on the construction company's stock, down from their prior price target of $166.00. JPMorgan Chase & Co.'s price target would suggest a potential upside of 12.07% from the company's previous close.

TOL has been the topic of several other reports. Barclays increased their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the company an "underweight" rating in a report on Thursday, August 22nd. Royal Bank of Canada lifted their price target on Toll Brothers from $143.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday. Oppenheimer reaffirmed an "outperform" rating and issued a $189.00 price objective on shares of Toll Brothers in a report on Thursday. Evercore ISI lifted their target price on Toll Brothers from $181.00 to $184.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, StockNews.com downgraded shares of Toll Brothers from a "buy" rating to a "hold" rating in a research note on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Toll Brothers has a consensus rating of "Moderate Buy" and a consensus price target of $152.53.

Toll Brothers Stock Down 3.3 %

Shares of NYSE:TOL traded down $4.61 during midday trading on Friday, hitting $133.85. The stock had a trading volume of 2,501,163 shares, compared to its average volume of 1,372,495. The company has a market cap of $13.51 billion, a P/E ratio of 8.91, a PEG ratio of 1.07 and a beta of 1.69. Toll Brothers has a 12 month low of $95.46 and a 12 month high of $169.52. The business's 50-day simple moving average is $153.40 and its 200-day simple moving average is $139.08. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company had revenue of $3.33 billion during the quarter, compared to analysts' expectations of $3.17 billion. During the same period last year, the firm posted $4.11 earnings per share. The business's revenue was up 10.4% on a year-over-year basis. On average, sell-side analysts forecast that Toll Brothers will post 14.55 earnings per share for the current fiscal year.

Insider Activity

In other Toll Brothers news, Director John A. Mclean sold 1,000 shares of the company's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value 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 trade was a 9.14 % decrease in their position. 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 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 completion of the sale, the chief executive officer now directly owns 246,382 shares of the company's stock, valued at approximately $38,068,482.82. The trade was a 16.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,000 shares of company stock valued at $16,435,800. 1.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Toll Brothers

Several institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC bought a new stake in shares of Toll Brothers in the 2nd quarter valued at $216,000. Envestnet Portfolio Solutions Inc. bought a new stake in Toll Brothers during the second quarter valued at $274,000. Brookstone Capital Management boosted its position in Toll Brothers by 15.4% during the second quarter. Brookstone Capital Management now owns 2,001 shares of the construction company's stock valued at $230,000 after acquiring an additional 267 shares during the last quarter. TCW Group Inc. grew its holdings in Toll Brothers by 27.9% during the 2nd quarter. TCW Group Inc. now owns 75,646 shares of the construction company's stock worth $8,713,000 after acquiring an additional 16,503 shares during the period. Finally, Raymond James & Associates raised its position in shares of Toll Brothers by 7.7% in the 2nd quarter. Raymond James & Associates now owns 227,276 shares of the construction company's stock worth $26,178,000 after acquiring an additional 16,198 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

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.