Toll Brothers (NYSE:TOL) Earns “Outperform” Rating from Wedbush

Toll Brothers (NYSE:TOL)‘s stock had its “outperform” rating restated by equities researchers at Wedbush in a research note issued on Monday,RTT News reports. They presently have a $175.00 price target on the construction company’s stock. Wedbush’s price target indicates a potential upside of 7.83% from the company’s current price.

A number of other equities analysts have also recently commented on the company. Royal Bank of Canada boosted their price target on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Wells Fargo & Company increased their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Bank of America lifted their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Barclays increased their price objective on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Finally, Oppenheimer boosted their target price on shares of Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $148.87.

Toll Brothers Stock Down 1.0 %

Shares of TOL opened at $162.30 on Monday. The firm has a 50 day simple moving average of $153.90 and a two-hundred day simple moving average of $138.05. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. Toll Brothers has a one year low of $86.38 and a one year high of $169.52. The company has a market cap of $16.39 billion, a P/E ratio of 11.19, a P/E/G ratio of 1.23 and a beta of 1.69.

Insider Activity

In related news, Director John A. Mclean sold 1,000 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value of $151,100.00. Following the transaction, the director now directly owns 9,944 shares in the company, valued at $1,502,538.40. This trade represents a 9.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction on 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 owns 246,382 shares of the company’s stock, valued at $38,068,482.82. This trade represents a 16.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,000 shares of company stock worth $16,435,800. Company insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TOL. Larson Financial Group LLC raised its holdings in shares of Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of Toll Brothers by 1.4% in the third 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 in the last quarter. Fifth Third Bancorp boosted its position in shares of Toll Brothers by 11.2% during the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock valued at $94,000 after buying an additional 82 shares during the last quarter. First Citizens Bank & Trust Co. grew its holdings in 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 worth $363,000 after buying an additional 83 shares in the last quarter. Finally, Clifford Swan Investment Counsel LLC raised its position in Toll Brothers by 5.1% in the 2nd 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 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.