Toll Brothers (NYSE:TOL) Receives Neutral Rating from JPMorgan Chase & Co.

Toll Brothers (NYSE:TOL)‘s stock had its “neutral” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday, Marketbeat reports. They currently have a $150.00 target price on the construction company’s stock, down from their prior target price of $166.00. JPMorgan Chase & Co.‘s target price suggests a potential upside of 12.07% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company lifted their price target on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Keefe, Bruyette & Woods cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $168.00 to $164.00 in a report on Tuesday, December 10th. Oppenheimer restated an “outperform” rating and set a $189.00 price target on shares of Toll Brothers in a report on Thursday. Barclays lifted their price objective on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada boosted their target price on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus target price of $152.53.

Toll Brothers Stock Down 3.3 %

TOL stock opened at $133.85 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57. The firm has a market cap of $13.51 billion, a PE ratio of 8.91, a P/E/G ratio of 1.00 and a beta of 1.69. Toll Brothers has a 12 month low of $95.46 and a 12 month high of $169.52. The firm has a 50 day simple moving average of $153.08 and a 200 day simple moving average of $139.16.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company’s quarterly revenue 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. Equities research analysts forecast that Toll Brothers will post 14.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $154.51, for a total value of $7,725,500.00. Following the completion of the sale, the chief executive officer now directly owns 246,382 shares in the company, valued at $38,068,482.82. The trade was a 16.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John A. Mclean sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the sale, the director now directly owns 9,944 shares of the company’s stock, valued at $1,502,538.40. This represents a 9.14 % decrease in their ownership of the stock. 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 three months. Insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp increased its position in Toll Brothers by 1.2% during the third quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock worth $565,802,000 after buying an additional 42,871 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Toll Brothers by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock valued at $333,444,000 after acquiring an additional 84,652 shares during the last quarter. FMR LLC raised its stake in shares of Toll Brothers by 97.7% in the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after acquiring an additional 1,046,758 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Toll Brothers by 34.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after purchasing an additional 541,140 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in Toll Brothers by 81.0% during the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after purchasing an additional 431,160 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.