Stock Analysis:Toll Brothers Inc (NYSE:TOL) Stock Target Raised
In a note issued to clients and investors by Citigroup on 10 December, Toll Brothers Inc (NYSE:TOL) had its TP raised to $40.00. The firm right now has a solid “Neutral” rating on shares.
From a total of 19 analysts covering Toll Brothers (NYSE:TOL) stock, 13 rate it a ”Buy”, 2 a “Sell”, and 6 a ”Hold”. This means that 62% of the ratings are positive. The highest target price is $45 while the lowest target price is $25. The mean of all analyst targets is $39.53 with a 25.74% above today’s ($33.88) stock price. Toll Brothers was the topic of 15 analyst reports since August 12, 2015 according to the firm StockzIntelligence Inc. JP Morgan upgraded shares on November 13 to “Overweight” rating. S&P Research maintained shares with “Buy” rating and $42 target share price in a report from an August 26. Bank of America reinitiated TOL stock in a recent report from September 11 with “Buy” rating. M Partners maintained the rating on August 26. M Partners has a “Buy” rating and a $45.0 price target on shares. Finally, Compass Point maintained the stock with “Hold” rating in a report issued on an August 27.
Approximately 1.20 million shares of stock traded hands. Toll Brothers Inc (NYSE:TOL) has declined 6.85% since May 7, 2015 and is downtrending. It has underperformed by 4.92% the S&P500.
The overall sentiment of institutions has increased to 1.29 in Q2 2015. Its up 0.08, from 1.21 in 2015Q2. The ratio increased, as 37 institutions have sold all the shares of Toll Brothers Inc that they owned while 103 funds have taken shares off the table. 49 funds have purchased shares for the first time while 132 added to their positions. These institutions now hold 129.17 million shares or 7.94% less than the 140.31 million shares they owned in 2015Q2.
The Fund Trinity Street Asset Management Llp currently is holding shares equating to 11.54% of its total portfolio in Toll Brothers Inc representing a total of 1.23 million shares. Another fund,Element Capital Management Llc, is holding a total of 563,049 shares equating to 6.98% of their holdings. Additionally, Capital Growth Management Lp has a 6.30 million share stake in Toll Brothers Inc which represents 6.95% of their total portfolio. The Fund, Dudley & Shanley Llc, based out of Florida, has also built up a stake in the stock, which represents a total of 5.7% of their total portfolio. Finally Marshfield Associates, a fund which is based in the state of reported a total holdings of 1.90 million shares.
Insider activity is a very important aspect to track on any stock. Going back to March 3, 2015, shareholders of Toll Brothers Inc have witnessed 0 buys, and a total of 3 insider sales equating to a net activity of approximately $1.12 million . Braemer Richard J sold 15,000 shares worth approximately $544,596. Yearley Douglas C. Jr. sold 10,000 shares worth approximately $414,750. Connor Martin P. sold 4,000 shares worth approximately $163,800. Marbach Carl B sold 4,000 shares worth approximately $145,326. The company insider Toll Bruce E sold 200,000 shares worth $7.80M.
Toll Brothers, Inc., is a property development company. The company has a market cap of $5.89 billion. The Firm is engaged in designing, building, marketing and arranging finance for detached and attached homes in luxury residential communities. It has 17.17 P/E ratio. The Firm caters to move-up, empty-nester, active-adult, age-qualified and second-home buyers in the United States.
According to Zacks Investment Research, “TOLL BROTHERS INC. designs, builds, markets and arranges financing for single-family detached and attached homes in middle and high income residential communities in thirteen staes and five regions around the country. The communities are generally located on land Co. has developed, although, due to the poor economic conditions during the early 1990’s, Co. has been able to acquire a number of fully approved parcels and often improved subdivisions.” Get a free copy of the Zacks research report on Toll Brothers Inc (TOL).