According to The Fly, research analysts at KeyCorp altered their rating for Toll Brothers (NYSE: TOL) in a research note distributed to clients and investors on Monday. Previously, they had given the company an “underweight” rating. They have now given the company a “sector weight” rating. The company has also been the focus of discussion among a wide range of stock research professionals. In a research report on August 29, Raymond James lowered their price objective on Toll Brothers from $75 to $56. The study was about the company’s stock. Despite this move, Raymond James has maintained that it is giving the company an “outperform” rating.
In a research report released on Friday, June 17, Wells Fargo & Company dropped their target price for Toll Brothers from $56.00 to $40.00 and downgraded the stock from “overweight” to “equal weight.”
In a research note published on Tuesday, June 21, Citigroup lowered its “neutral” rating on Toll Brothers stock and lowered its price objective from $49.00 to $44.00 in a research note. They cut both their “neutral” rating and their price target on Toll Brothers stock, which had previously been set at $62.00. This information was disclosed in a research report published on August 25. Finally, Royal Bank of Canada lowered its price objective on Toll Brothers stock on Thursday, May 26, in a research report that was made public. The new price target is $53.00, down from $67.00 before. This was the final reduction, although it was by no means the least important. Two market analysts have issued a recommendation to investors to sell their shares of the company’s stock; eight analysts have recommended that investors keep their present position, and three analysts have suggested that investors buy shares of the company. According to data provided by Bloomberg, the stock is now given an average rating of “Hold,” and its price target has been set at an average of $51.67.
When trading started on Monday, a share of TOL stock was going for $43.66 per share. The moving average for this firm’s past 200 trading days is $47.42, while the moving average for the last 50 trading days is $46.97. It’s ideal to have a quick ratio of 0.48, a debt-to-equity ratio of 0.60, and a current ratio of 4.99 in your company’s financial statements. The firm’s market capitalization is currently valued at $4.95 billion, while its price-to-earnings ratio stands at 5.16 and its beta stands at 1.49. Within the same time frame, the price of a share of Toll Brothers’ stock reached an all-time low of $40.19 and an all-time high of $75.61.
On Tuesday, August 23, 2018, Toll Brothers (NYSE: TOL) released its most recent earnings report. The construction company said its earnings per share (EPS) for the previous quarter came in at $2.35, which is $0.05 more than the average expectation of $2.30. Toll Brothers’ return on equity came in at 18.93%, while the company managed to keep its net margin at 10.62%.
The company had earnings of $1.87 per share during the same period the year before, compared to the current year. According to analysts in the industry, toll Brothers is projected to have a profit of $9.47 per share for the current fiscal year.
In recent months, hedge funds and other institutional investors have been among corporate shares’ most active purchasers and sellers. During the last three months of 2018, Private Advisor Group LLC saw a 45.6% increase in the proportion of its holdings invested in Toll Brothers. Private Advisor Group LLC now holds 13,013 shares of the construction company’s stock, valued at $942,000, after purchasing an additional 4,076 shares during the quarter. These shares were purchased during the quarter. During the final three months of 2018, the Bank of Montreal increased its ownership of Toll Brothers by 49.3 percent. Bank of Montreal Can currently has a total of 77,128 shares in the construction firm following the acquisition of an additional 25,466 shares during the most recent quarter.
The value of these shares as of right now is $5,604,000 total. In addition, Charles Schwab Investment Management Inc. increased the amount of Toll Brothers stock owned by 2.3% during the final three months of 2018. Charles Schwab Investment Management Inc. now has 657,355 shares of the construction company’s stock, valued at a combined total of $47,586,000, after purchasing an additional 14,760 shares during the preceding quarter. It brings the total number of shares owned by Charles Schwab Investment Management Inc. to 657,355. In addition, toll Brothers was the recipient of a financial contribution of $32,561,000 from Renaissance Technologies LLC during the final three months of 2018. And finally, during the fourth quarter, O’Shaughnessy Asset Management LLC made a 380.8% gain in the amount of Toll Brothers shares it owned, bringing the total to 100%. O’Shaughnessy Asset Management LLC now has a total of 3,375 shares of the construction company’s stock, worth a combined total of $244,000 after purchasing an additional 2,673 shares during the quarter. It brings the company’s total number of shares owned to 3,375.
The majority of the shares in the company are held by institutional investors, who account for 85.37% of the total.
Toll Brothers, Inc. and its subsidiaries are responsible for the design, construction, marketing, sale, and financing of a wide variety of detached and attached homes in wealthy residential neighborhoods all over the country. These homes are found in a variety of locations across the United States. The company is structured into two separate sections: “city life” and “traditional home construction,” respectively. In addition, it is involved in the planning, construction, marketing, and sale of condominiums under the Toll Brothers City Living brand.