Toll Brothers (TOL) Receives Outperform Rating from Wells Fargo & Company

Wells Fargo & Company reissued their outperform rating on shares of Toll Brothers (NYSE:TOL) in a research note issued to investors on Wednesday morning. The brokerage currently has a $54.00 target price on the construction company’s stock, up from their previous target price of $42.00.

Several other equities 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 target price on the stock in a research note on Tuesday, August 8th. Wedbush reissued a neutral rating and issued a $37.00 target price (down previously from $40.00) on shares of Toll Brothers in a research note on Tuesday, August 22nd. Keefe, Bruyette & Woods reissued a hold rating and issued a $40.00 target price on shares of Toll Brothers in a research note on Thursday, August 24th. KeyCorp reissued a hold rating on shares of Toll Brothers in a research note on Friday, August 25th. Finally, BidaskClub lowered Toll Brothers from a hold rating to a sell rating in a research report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $46.00.

Toll Brothers (NYSE:TOL) traded down $0.25 during trading hours on Wednesday, reaching $46.68. The company’s stock had a trading volume of 4,080,600 shares, compared to its average volume of 1,992,193. Toll Brothers has a 1 year low of $30.44 and a 1 year high of $51.08. The company has a quick ratio of 1.10, a current ratio of 6.75 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $7,676.58, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 1.01 and a beta of 1.57.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.02). Toll Brothers had a net margin of 9.21% and a return on equity of 12.07%. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the company posted $0.67 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. sell-side analysts expect that Toll Brothers will post 3.62 EPS for the current year.

In related news, President Richard T. Hartman sold 8,537 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $46.00, for a total transaction of $392,702.00. Following the completion of the transaction, the president now directly owns 27,233 shares in the company, valued at $1,252,718. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Richard T. Hartman sold 20,000 shares of the stock in a transaction dated 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 ninety days, insiders have sold 64,687 shares of company stock worth $2,840,390. 8.78% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of TOL. NewSquare Capital LLC bought a new position in shares of Toll Brothers during the second quarter worth about $101,000. Advisors Asset Management Inc. grew its stake in Toll Brothers by 61.6% in the second quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock valued at $105,000 after purchasing an additional 1,017 shares in the last quarter. IFP Advisors Inc grew its stake in Toll Brothers by 369.1% in the second quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock valued at $108,000 after purchasing an additional 2,152 shares in the last quarter. Aviance Capital Management LLC bought a new position in Toll Brothers in the second quarter valued at approximately $151,000. Finally, Toronto Dominion Bank grew its stake in Toll Brothers by 5.2% in the second quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock valued at $154,000 after purchasing an additional 192 shares in the last quarter. Institutional investors and hedge funds own 82.52% of the company’s stock.

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Toll Brothers Company Profile

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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