JPMorgan Chase & Co. Reaffirms “Neutral” Rating for Toll Brothers (NYSE:TOL)

Toll Brothers (NYSE:TOL)‘s stock had its “neutral” rating reiterated by JPMorgan Chase & Co. in a note issued to investors on Friday, Marketbeat.com reports. They presently have a $150.00 price objective on the construction company’s stock, down from their prior price objective of $166.00. JPMorgan Chase & Co.‘s price target points to a potential upside of 12.07% from the stock’s current price.

A number of other research firms also recently commented on TOL. Royal Bank of Canada lifted their price target on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday. Oppenheimer reiterated an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a research report on Thursday. Bank of America upped their price target on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. 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 report on Thursday, August 22nd. Finally, Wedbush reissued an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a report on Wednesday. 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 company’s stock. According to data from MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and an average price target of $152.53.

Toll Brothers Stock Performance

Toll Brothers stock opened at $133.85 on Friday. Toll Brothers has a 52 week low of $95.46 and a 52 week high of $169.52. 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 stock has a market cap of $13.51 billion, a P/E ratio of 8.91, a price-to-earnings-growth ratio of 1.00 and a beta of 1.69. The stock has a 50 day moving average of $153.08 and a 200-day moving average of $139.16.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.29. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $4.11 earnings per share. On average, analysts expect that Toll Brothers will post 14.57 EPS for the current fiscal year.

Insider Buying and Selling at Toll Brothers

In other news, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $155.44, for a total transaction of $777,200.00. Following the transaction, the chief financial officer now directly owns 9,721 shares of the company’s stock, valued at approximately $1,511,032.24. This trade represents a 33.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the sale, the chief executive officer now owns 221,382 shares in the company, valued at approximately $35,029,273.86. This represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,000 shares of company stock valued at $16,435,800 in the last ninety days. Company insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

A number of institutional investors and hedge funds have recently bought and sold shares of TOL. State Street Corp lifted its stake in shares of Toll Brothers by 1.2% in the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock worth $565,802,000 after acquiring an additional 42,871 shares during the period. Geode Capital Management LLC increased its stake in shares of Toll Brothers by 4.1% during the third 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 period. FMR LLC raised its holdings in Toll Brothers by 97.7% during the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after purchasing an additional 1,046,758 shares in the last quarter. Pacer Advisors Inc. lifted its position in Toll Brothers by 34.8% in the second 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 period. Finally, Point72 Asset Management L.P. boosted its stake in Toll Brothers by 81.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after purchasing an additional 431,160 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

About Toll Brothers

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.