In today’s session Toll Brothers Inc (TOL) registered an unusually high (3,537) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious TOL increase. With 3,537 contracts traded and 30324 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: TOL161216C00030000 closed last at: $0.9 or 12.5% up. About 848,380 shares traded hands. Toll Brothers Inc (NYSE:TOL) has risen 2.16% since April 21, 2016 and is uptrending. It has underperformed by 3.17% the S&P500.
Analysts await Toll Brothers Inc (NYSE:TOL) to report earnings on December, 6 before the open. They expect $0.98 earnings per share, up 22.50% or $0.18 from last year’s $0.8 per share. TOL’s profit will be $161.43M for 7.65 P/E if the $0.98 EPS becomes a reality. After $0.62 actual earnings per share reported by Toll Brothers Inc for the previous quarter, Wall Street now forecasts 58.06% EPS growth.
Toll Brothers Inc (NYSE:TOL) Ratings Coverage
Out of 20 analysts covering Toll Brothers (NYSE:TOL), 8 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 40% are positive. $48 is the highest target while $29 is the lowest. The $37.50 average target is 25.00% above today’s ($30) stock price. Toll Brothers has been the topic of 36 analyst reports since August 12, 2015 according to StockzIntelligence Inc. As per Thursday, December 10, the company rating was upgraded by RBC Capital Markets. The rating was maintained by M Partners with “Buy” on Wednesday, August 26. The stock of Toll Brothers Inc (NYSE:TOL) has “Market Perform” rating given on Wednesday, August 24 by Keefe Bruyette & Woods. The firm has “Outperform” rating by Wells Fargo given on Thursday, September 29. Citigroup maintained it with “Neutral” rating and $33 target price in Wednesday, August 24 report. Susquehanna upgraded the shares of TOL in a report on Monday, October 5 to “Positive” rating. The firm has “Sector Perform” rating given on Wednesday, August 24 by RBC Capital Markets. The firm has “Strong Buy” rating by Raymond James given on Monday, January 25. The company was upgraded on Tuesday, January 5 by FBN Securities. Credit Suisse downgraded the shares of TOL in a report on Monday, July 11 to “Neutral” rating.
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.”
Insitutional Activity: The institutional sentiment decreased to 1.06 in Q2 2016. Its down 0.08, from 1.14 in 2016Q1. The ratio fall, as 40 funds sold all Toll Brothers Inc shares owned while 105 reduced positions. 35 funds bought stakes while 130 increased positions. They now own 126.11 million shares or 5.24% less from 133.09 million shares in 2016Q1.
Delta Lloyd Nv has 0.01% invested in the company for 12,337 shares. Brookfield Asset Management Inc accumulated 524,100 shares or 0.07% of the stock. Ibm Retirement Fund, a New York-based fund reported 15,617 shares. Exane Derivatives holds 2 shares or 0% of its portfolio. Advisors Asset has 4,100 shares for 0% of their US portfolio. Wexford Cap Ltd Partnership owns 361,356 shares or 1.69% of their US portfolio. The Germany-based Dekabank Deutsche Girozentrale has invested 0% in Toll Brothers Inc (NYSE:TOL). Comerica National Bank owns 105,541 shares or 0.03% of their US portfolio. Jefferies Gp Ltd Com, a New York-based fund reported 28,919 shares. Eads And Heald Inv Counsel holds 0.2% of its portfolio in Toll Brothers Inc (NYSE:TOL) for 10,628 shares. Blackrock Grp Limited has 0.02% invested in the company for 1.12 million shares. Cantab Cap Prtn Llp holds 3,363 shares or 0% of its portfolio. Natixis Asset Management holds 21,508 shares or 0.06% of its portfolio. Millennium Limited Liability owns 1.25 million shares or 0.08% of their US portfolio. Blackrock Fund Advsrs has 8.65 million shares for 0.05% of their US portfolio.
Insider Transactions: Since May 26, 2016, the stock had 0 insider buys, and 1 sale for $567,916 net activity. Hartman Richard T. had sold 18,310 shares worth $567,916 on Tuesday, August 30. MARBACH CARL B had sold 3,000 shares worth $87,344.
Toll Brothers, Inc. designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities. The company has a market cap of $4.94 billion. The Firm caters to move-up, empty nester, active-adult, age-qualified and second-home buyers in the United States . It has a 12.93 P/E ratio. The Firm operates in two divisions: traditional home building and urban infill.
TOL Company Profile
Toll Brothers, Inc., incorporated on May 28, 1986, is a property development company. The Firm is engaged in designing, building, marketing and arranging finance for detached and attached homes in luxury residential communities. The Firm caters to move-up, empty-nester, active-adult, age-qualified and second-home buyers in the United States. The Firm also manufactures and sells homes in urban infill markets through Toll City Living community. The Firm operates on own land development, architectural, engineering, mortgage, title, landscaping, security monitoring, lumber distribution, house component assembly, and manufacturing operations. The Firm also develops, owns and operates golf courses and country clubs, which are associated with planned communities.
More news for Toll Brothers Inc (NYSE:TOL) were recently published by: Bizjournals.com, which released: “Toll Brothers enters Boise market” on November 08, 2016. Globenewswire.com‘s article titled: “Toll Brothers’ Website to Broadcast Its December 6, 2016 Fiscal 2016 Year-End …” and published on November 16, 2016 is yet another important article.
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