According to The Fly, equity analysts at UBS Group raised their price target for Toll Brothers (NYSE:TOL) from $61.00 to $65.00 in a research note released on Thursday. According to UBS Group’s price objective, the company’s value may increase by 31.31% from its previous closure.
More experts have submitted reports on TOL as well. In a research study released on October 21st, Raymond James lowered its recommendation for Toll Brothers from “outperform” to “market perform.” The first article in StockNews.com’s coverage of Toll Brothers was released on Wednesday, October 12. They gave the company a “hold” rating. In a research note released on Thursday, Barclays upped the stock’s “underweight” rating and increased its price objective for shares of Toll Brothers from $47.00 to $50.00. Since August 25th, when Bank of America set the company’s price objective at $49.00, the shares of Toll Brothers have gone from having a “buy” rating to currently having a “neutral” rating. Last but not least, Wedbush lowered their price target on shares of Toll Brothers from $62.00 to $50.00 in a research note they published on Thursday, August 25th. Wedbush maintained a “neutral” rating on the stock. Eight financial analysts gave the company a hold rating; two of them suggested selling the shares; and three others gave it a buy rating. The stock currently has a consensus price target of $53.50 and an average rating of “Hold,” according to data from Bloomberg.com.
Toll Brothers’ stock started trading at $49.50 on Thursday. Simple moving averages for the company’s 50-day and 200-day periods are $44.48 and $45.78, respectively. The company’s debt-to-equity ratio is 0.60, its quick ratio is 0.48, and its current ratio is 4.99. The 1-year high and low prices for Toll Brothers are $75.61 and $39.53, respectively. The company is worth $5.61 billion, with a price-to-earnings ratio of 4.47 and a beta of 1.38.
Other Toll Brothers news includes the sale of 1,000 shares of the company’s stock by director Carl B. Marbach on Tuesday, October 11. At an average price of $44.60, the shares sold for a total of $44,600.00. Following the sale, the director now directly owns 71,155 shares of the company, valued at $3,173,513. You can access the SEC legal filing where the transaction was revealed by clicking this link. Insiders own 10.77% of the company’s stock.
Institutional investors and hedge funds have recently raised or lowered their stakes in the business. Envestnet Asset Management Inc. grew its stake in Toll Brothers by 3.7% during the first quarter. Envestnet Asset Management Inc. now owns 32,467 shares in the construction company valued at $1,527,000 after acquiring an additional 1,173 shares in the most recent quarter. Commonwealth Equity Services LLC grew its stake in Toll Brothers by 13.2% during the first quarter. Commonwealth Equity Services LLC now directly owns 20,195 shares of the construction company, valued at $949,000, after acquiring an additional 2,360 shares in the most recent quarter. M&T Bank Corp. boosted its stake in Toll Brothers by 155.0% during the first quarter. M&T Bank Corp. now owns 8,664 shares in the construction company valued at $407,000 after acquiring an additional 5,266 shares in the most recent quarter. The Teacher Retirement System of Texas increased its stake in Toll Brothers by 7.5% during the first quarter. The Teacher Retirement System of Texas now owns 24,170 shares of the construction company, valued at $113,600, after acquiring an additional 1,676 shares in the most recent quarter. Last but not least, during the first quarter, the Swiss National Bank raised its ownership of Toll Brothers by 6.0%. The Swiss National Bank now owns 273,400 shares of the construction company’s stock, valued at $12,855,000, after acquiring an additional 15,400 shares over the last three months. Institutions and hedge funds hold a combined 85.37 percent of the stock.
Toll Brothers, Inc., along with its subsidiaries, develops, builds, sells, and arranges financing for a variety of detached and attached houses in upscale communities across the nation. The company’s two primary business categories are traditional home building and urban living. Additionally, through Toll Brothers City Living, it develops, produces, advertises, and sells condos.