By otakuyassine3@gmail.com 
Toll Brothers (NYSE:TOL – Get Free Report) had its target price dropped by Bank of America from $156.00 to $140.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Bank of America‘s target price suggests a potential upside of 25.62% from the company’s current price.
A number of other equities research analysts also recently commented on the stock. Evercore ISI lifted their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Citigroup dropped their price target on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. UBS Group decreased their price target on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays decreased their price target on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average price target of $150.86.
Check Out Our Latest Research Report on Toll Brothers
Toll Brothers Stock Down 3.2 %
TOL opened at $111.45 on Thursday. The business’s fifty day simple moving average is $129.02 and its 200 day simple moving average is $141.40. Toll Brothers has a 52 week low of $107.79 and a 52 week high of $169.52. The stock has a market cap of $11.13 billion, a PE ratio of 7.67, a P/E/G ratio of 0.99 and a beta of 1.76. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.
Toll Brothers (NYSE:TOL – Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. As a group, research analysts expect that Toll Brothers will post 14.15 earnings per share for the current fiscal year.
Insider Activity
In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the sale, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the transaction, the director now directly owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,202 shares of company stock worth $1,947,436 over the last three months. Insiders own 1.54% of the company’s stock.
Hedge Funds Weigh In On Toll Brothers
Several institutional investors have recently bought and sold shares of TOL. Creative Planning boosted its position in shares of Toll Brothers by 11.5% during the 3rd quarter. Creative Planning now owns 10,323 shares of the construction company’s stock worth $1,595,000 after purchasing an additional 1,063 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in shares of Toll Brothers during the 3rd quarter valued at about $265,000. Blue Trust Inc. increased its stake in shares of Toll Brothers by 111.4% during the 3rd quarter. Blue Trust Inc. now owns 353 shares of the construction company’s stock valued at $55,000 after acquiring an additional 186 shares during the last quarter. OLD National Bancorp IN acquired a new position in shares of Toll Brothers during the 3rd quarter valued at about $207,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Toll Brothers by 74.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 582 shares of the construction company’s stock valued at $90,000 after acquiring an additional 249 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.
About Toll Brothers
Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.
Further Reading
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