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Toll Brothers is trading at $35.29. The stock is broadly unchanged since it revealed a strong set of second-quarter figures in May, in which the EPS and revenue figures easily exceeded estimates.
In the second quarter of 2013 the average selling price of its houses was $577,000, and it has since risen to $706,000. The homebuilder is going to expand its operations in the wealthy Washington DC to Boston corridor – previous investment in California and Texas has been a large source of growth as the two states have some of the strongest property markets in the US.
Equity analysts are bullish on the company’s prospective results. Out of the 23 recommendations, nine are buys, ten are holds and four are sells.
The company is trading at just above its 50-day moving average of $35.05 and good results could help the stock break through the $37 mark, which has proved difficult in the past three months.