Toll Brothers (NYSE:TOL) was downgraded by ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.
A number of other research analysts have also weighed in on TOL. Zacks Investment Research raised Toll Brothers from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, August 8th. KeyCorp reaffirmed a “hold” rating on shares of Toll Brothers in a research report on Tuesday, September 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $40.00 price objective on shares of Toll Brothers in a research report on Thursday, August 24th. MKM Partners raised their price objective on Toll Brothers to $54.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $45.00 price objective on shares of Toll Brothers in a research report on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $44.71.
Shares of Toll Brothers (TOL) traded down $3.73 during trading hours on Tuesday, hitting $46.93. The stock had a trading volume of 8,277,105 shares, compared to its average volume of 1,983,209. Toll Brothers has a 12-month low of $30.44 and a 12-month high of $51.08. The company has a market cap of $8,124.77, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.06 and a beta of 1.57. The company has a debt-to-equity ratio of 0.84, a current ratio of 6.75 and a quick ratio of 1.10.
In other Toll Brothers news, President Richard T. Hartman sold 8,537 shares of Toll Brothers stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $46.00, for a total value of $392,702.00. Following the completion of the sale, the president now owns 27,233 shares of the company’s stock, valued at approximately $1,252,718. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Richard T. Hartman sold 20,000 shares of Toll Brothers stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $47.00, for a total value of $940,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 64,687 shares of company stock valued at $2,840,390. Corporate insiders own 8.78% of the company’s stock.
Several institutional investors have recently bought and sold shares of TOL. NewSquare Capital LLC purchased a new position in shares of Toll Brothers in the 2nd quarter worth $101,000. Advisors Asset Management Inc. boosted its stake in shares of Toll Brothers by 61.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock worth $105,000 after buying an additional 1,017 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Toll Brothers by 369.1% in the 2nd quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock worth $108,000 after buying an additional 2,152 shares during the last quarter. Aviance Capital Management LLC purchased a new position in shares of Toll Brothers in the 2nd quarter worth $151,000. Finally, Toronto Dominion Bank boosted its stake in shares of Toll Brothers by 5.2% in the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after buying an additional 192 shares during the last quarter. 82.52% of the stock is owned by institutional investors and hedge funds.
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About Toll Brothers
Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
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