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

Toll Brothers (NYSE:TOL) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

A number of other equities research analysts have also weighed in on TOL. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 target price (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Oppenheimer cut their price target on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Keefe, Bruyette & Woods dropped their target price on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 25th. UBS Group dropped their target price on Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, Bank of America dropped their target price on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.57.

Toll Brothers Price Performance

Shares of TOL stock opened at $107.13 on Wednesday. Toll Brothers has a 52-week low of $102.49 and a 52-week high of $169.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The firm has a market capitalization of $10.70 billion, a P/E ratio of 7.37, a P/E/G ratio of 1.02 and a beta of 1.77. The stock has a 50 day moving average price of $121.56 and a 200 day moving average price of $137.79.

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

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,785 shares of company stock worth $1,479,185. 1.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Toll Brothers

Several institutional investors and hedge funds have recently modified their holdings of TOL. Atria Investments Inc lifted its holdings in shares of Toll Brothers by 22.2% in the 3rd quarter. Atria Investments Inc now owns 2,569 shares of the construction company’s stock valued at $397,000 after buying an additional 466 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Toll Brothers by 59.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,950 shares of the construction company’s stock valued at $1,074,000 after buying an additional 2,600 shares during the period. KBC Group NV lifted its holdings in shares of Toll Brothers by 18.2% in the 3rd quarter. KBC Group NV now owns 2,827 shares of the construction company’s stock valued at $437,000 after buying an additional 436 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Toll Brothers by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company’s stock valued at $472,000 after buying an additional 109 shares during the period. Finally, Natixis Advisors LLC lifted its holdings in shares of Toll Brothers by 133.2% in the 3rd quarter. Natixis Advisors LLC now owns 53,521 shares of the construction company’s stock valued at $8,269,000 after buying an additional 30,566 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

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.