Economy

Is Toll Brothers Inc. (NYSE:TOL) Stock Overbought?

Over the past twelve months, Toll Brothers, Inc.

According to Toll Brothers, Inc.'s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 84.06%.

Always a trader wondering inside facts about his stocks, ownership status of firm sometimes helps to clear picture of dark side facts.

Several other research analysts have also recently commented on the company. Fisher Asset Management LLC now owns 532,545 shares of the construction company's stock valued at $22,085,000 after purchasing an additional 3,584 shares during the period.

WARNING: "Toll Brothers' (NYSE:TOL) "Hold" Rating Reiterated at Keefe, Bruyette & Woods" was posted by StockNewsTimes and is owned by of StockNewsTimes. Barclays Capital initiated the shares of TOL in report on Friday, January 6 with "Equal Weight" rating. IFP Advisors Inc boosted its position in Toll Brothers by 369.1% during the second quarter. M Holdings Securities Inc. now owns 14,483 shares of the construction company's stock valued at $572,000 after purchasing an additional 5,042 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.

COPYRIGHT VIOLATION WARNING: "Toll Brothers Inc".

Investors are a little more bearish on shares of the company recently if you look at the increase in short interest. If you are accessing this news story on another domain, it was stolen and republished in violation of United States and worldwide trademark & copyright law. Finally, KeyCorp restated a hold rating on shares of Toll Brothers in a research report on Tuesday, September 26th.

In related news, Director Paul E. Shapiro sold 16,250 shares of the firm's stock in a transaction on Friday, October 13th. The shares were sold at an average price of $31.02, for a total value of $567,976.20. Following the sale, the director now owns 114,149 shares of the company's stock, valued at $4,562,535.53. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Richard J. Braemer, Director sold $284,100 worth of shares at an average price of $37.88 on Tue the 29th. The stock was sold at an average price of $42.58, for a total value of $691,925.00. The disclosure for this sale can be found here. The recent price momentum makes it one stock to watch in recent days. 24,082 are owned by Riverhead Mngmt Ltd Company.

A number of equities research analysts have issued reports on TOL shares. Zacks Investment Research upgraded Toll Brothers from a "hold" rating to a "buy" rating and set a $44.00 price objective on the stock in a research report on Tuesday, August 8th.

On September 14 the company was downgraded from "Overweight" to "Neutral" in a statement from JP Morgan. Thanks to an increase of nearly 11.13% in the past one month, the stock price is now outperforming with 46.9% so far on the year - still in strong zone. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company's stock. The stock has a consensus rating of Hold and an average price target of $42.23.

Whereas they predicted High and Low Earnings Estimate as $1.27 and $1.09 respectively. (NYSE:TOL)'s near-term growth potential.

The stock's Average True Range (ATR) is 0.63. The 50 day moving average moved up $3.56 and the 200 day average moved up $6.32.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 22nd. In the latest earnings report the EPS was $2.68 and is projected to be $3.19 for the current year with 158,255,000 shares now outstanding. The company trades on average around 170000 shares per market session. The return on equity (ROE), also known as return on investment (ROI), is the best measure of the return, since it is the product of the operating performance, asset turnover, and debt-equity management of the firm. The company's quarterly revenue was up 18.3% on a year-over-year basis. The company beat the analyst EPS Estimate with the difference of $-0.32. Looking at the stock's movement on the chart, Toll Brothers, Inc. recorded a 52-week high of $45.65. This represents a $0.32 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, October 12th. Brown Advisory stated it has 0% of its portfolio in Toll Brothers Inc (NYSE:TOL).

Toll Brothers, Inc designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities. The Company operates in two segments: traditional home building and urban infill.



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