Shares of Toll Brothers Inc (NYSE:TOL) have received a consensus rating of “Buy” from the twenty ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $50.75.
A number of research analysts recently commented on the stock. Mizuho set a $54.00 price target on shares of Toll Brothers and gave the company a “buy” rating in a report on Wednesday. Credit Suisse Group set a $53.00 price target on shares of Toll Brothers and gave the company a “hold” rating in a report on Tuesday. Zacks Investment Research downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Wedbush reaffirmed a “neutral” rating and issued a $40.00 price target (down previously from $45.00) on shares of Toll Brothers in a report on Wednesday, December 6th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $55.00 price objective on shares of Toll Brothers in a research note on Wednesday, January 24th.
Shares of Toll Brothers (NYSE TOL) traded up $0.01 during trading hours on Friday, hitting $43.84. 3,825,356 shares of the company were exchanged, compared to its average volume of 2,449,838. The company has a current ratio of 7.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.79. Toll Brothers has a 1 year low of $34.44 and a 1 year high of $52.73. The company has a market cap of $6,933.29, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 0.81 and a beta of 1.38.
In other news, Director Richard J. Braemer sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $46.55, for a total transaction of $931,000.00. Following the transaction, the director now directly owns 82,873 shares of the company’s stock, valued at $3,857,738.15. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Joseph R. Sicree sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $51.48, for a total transaction of $231,660.00. Following the transaction, the chief accounting officer now directly owns 24,197 shares in the company, valued at $1,245,661.56. The disclosure for this sale can be found here. In the last three months, insiders sold 115,950 shares of company stock valued at $5,841,012. 8.78% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. BlackRock Inc. increased its holdings in Toll Brothers by 1.1% during the fourth quarter. BlackRock Inc. now owns 17,225,132 shares of the construction company’s stock valued at $827,150,000 after buying an additional 187,123 shares during the period. JPMorgan Chase & Co. increased its holdings in Toll Brothers by 134.8% during the third quarter. JPMorgan Chase & Co. now owns 7,198,069 shares of the construction company’s stock valued at $294,978,000 after buying an additional 4,132,120 shares during the period. Greenhaven Associates Inc. increased its holdings in Toll Brothers by 1.1% during the third quarter. Greenhaven Associates Inc. now owns 4,075,852 shares of the construction company’s stock valued at $169,026,000 after buying an additional 45,886 shares during the period. Bank of New York Mellon Corp increased its holdings in Toll Brothers by 1.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,183,617 shares of the construction company’s stock valued at $152,877,000 after buying an additional 55,276 shares during the period. Finally, Millennium Management LLC increased its holdings in Toll Brothers by 803.5% during the fourth quarter. Millennium Management LLC now owns 2,045,499 shares of the construction company’s stock valued at $98,225,000 after buying an additional 1,819,100 shares during the period. 84.57% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “Analysts Set Toll Brothers Inc (TOL) PT at $51.19” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/3231648/analysts-set-toll-brothers-inc-tol-pt-at-51-19.html.
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.
Receive News & Ratings for Toll Brothers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers and related companies with MarketBeat.com's FREE daily email newsletter.