Published: Wed, December 06, 2017
Money | By Armando Alvarado

Toll Brothers misses Street 4Q forecasts

Toll Brothers misses Street 4Q forecasts

Toll Brothers, Inc. dipped to as low as $50.31 throughout the day and has returned 63.42% in this year. The firm owned 45,176 shares of the construction company's stock after purchasing an additional 8,397 shares during the quarter.

Other hedge funds have also recently modified their holdings of the company. For the quarter, shares have been noted at -48.94%. The insider NOVICK STEPHEN A sold 85,000 shares worth $3.32 million. The stock's price to sales ratio for trailing twelve months is 1.41 and price to book ratio for the most recent quarter is 1.83, whereas price to cash per share for the most recent quarter are 8.43. Dupont Capital Management Corp purchased a new stake in Toll Brothers during the 3rd quarter worth about $6,071,000. MKM Partners raised their price objective on shares of Toll Brothers to $54.00 and gave the stock a "buy" rating in a research note on Wednesday, November 29th. The number of shares now owned by investors are 157.5 mln. Institutional owners hold 88.00% stake in the company, while insiders ownership held at 0.40%.

Several brokerages have weighed in on TOL. UBS began coverage on shares of Toll Brothers in a research report on Wednesday, October 25th. They issued a "buy" rating and a $50.00 price objective for the company. Keefe Bruyette & Woods maintained the shares of TOL in report on Thursday, October 19 with "Hold" rating. $41.05's average target is -12.72% below currents $47.03 stock price.

WARNING: "KeyCorp Downgrades Toll Brothers (TOL) to Overweight" was first reported by TrueBlueTribune and is the property of of TrueBlueTribune. Its quick ratio for the most recent quarter is N/A. Analysts mean recommendation for the stock is 2.30. The stock now has an average rating of "Hold" and an average target price of $44.71.

Since the beginning of the calendar year, the stock is -93.46%. Also, CFO Martin P. Connor sold 2,000 shares of the firm's stock in a transaction on Friday, September 29th. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

'Extend trade policy sops to all exporters'
Alok Chaturvedi, Director General of Foreign Trade (DGFT), while speaking the event, said that the review is an ongoing process. This will benefit sectors like, leather, agriculture, carpets, handicrafts and marine products.

UTStarcom Holdings Corp. (UTSI) stock is also unusual player of Wall Street in today trading. Institutional investors own 82.52% of the company's stock. The disclosure for this sale can be found here. The stock decreased 0.72% or $0.13 during the last trading session, reaching $17.82.

Toll Brothers Inc (NYSE TOL) traded down $3.73 during trading hours on Tuesday, reaching $46.93. Fny Managed Accounts Ltd Liability Corporation stated it has 5,025 shares or 1.36% of all its holdings. The firm has a market capitalization of $8,124.77, a P/E ratio of 18.47, a PEG ratio of 1.06 and a beta of 1.57. TOL's debt-to-equity ratio stands at 84.31%, which indicates that its debt can cause trouble for the company in a downturn but it is still at a manageable level.

Toll Brothers, Inc. ((NYSE:TOL)) closed up +0.99 points or 1.99% at $50.66 with 5 mln shares exchanging hands. The construction company reported $1.17 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.19 by ($0.02). Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. Six analysts surveyed by Zacks expected $2.08 billion. During the same period in the previous year, the business earned $0.67 EPS. equities analysts forecast that Toll Brothers will post 3.2 EPS for the current year.

Toll Brothers said the average price of homes sold marginally increased to $836,600 from a year earlier, while the number of homes sold rose 9 percent to 2,424. If you are reading this story on another website, it was illegally stolen and republished in violation of US and global copyright & trademark legislation.

Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities.

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