Toll Brothers’ (TOL) Neutral Rating Reiterated at JPMorgan Chase & Co.

Toll Brothers (NYSE:TOL)‘s stock had its “neutral” rating reissued by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday,Benzinga 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 suggests a potential upside of 8.40% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Wedbush reissued an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research report on Wednesday. Wells Fargo & Company boosted their price target on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Keefe, Bruyette & Woods downgraded Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $168.00 to $164.00 in a research note on Tuesday. Bank of America boosted their price objective on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Barclays raised their target price on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and an average target price of $152.53.

Toll Brothers Trading Down 2.8 %

NYSE:TOL opened at $138.38 on Friday. The company has a market cap of $13.97 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.69. The company has a current ratio of 4.92, a quick ratio of 0.57 and a debt-to-equity ratio of 0.37. The company has a 50 day simple moving average of $153.40 and a two-hundred day simple moving average of $139.08. Toll Brothers has a 12 month low of $91.92 and a 12 month high of $169.52.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.34 by $0.29. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.11 EPS. Research analysts forecast that Toll Brothers will post 14.55 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the sale, the chief executive officer now directly owns 246,382 shares in the company, valued at approximately $38,068,482.82. This represents a 16.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $155.44, for a total value of $777,200.00. Following the completion of the transaction, the chief financial officer now owns 9,721 shares of the company’s stock, valued at approximately $1,511,032.24. This represents a 33.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,000 shares of company stock valued at $16,435,800 in the last quarter. 1.54% of the stock is currently owned by insiders.

Institutional Trading of Toll Brothers

Institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC increased its position in Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after acquiring an additional 66 shares during the last quarter. First Trust Direct Indexing L.P. grew its holdings in Toll Brothers by 1.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after purchasing an additional 72 shares during the last quarter. Fifth Third Bancorp lifted its stake in Toll Brothers by 11.2% in the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock worth $94,000 after purchasing an additional 82 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of Toll Brothers by 3.7% during the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock valued at $363,000 after buying an additional 83 shares during the period. Finally, Clifford Swan Investment Counsel LLC grew its stake in shares of Toll Brothers by 5.1% during the second quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock valued at $212,000 after buying an additional 89 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

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.