By otakuyassine3@gmail.com 
Toll Brothers (NYSE:TOL – Free Report) had its target price decreased by Wells Fargo & Company from $170.00 to $150.00 in a report issued on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the construction company’s stock.
TOL has been the topic of a number of other reports. Royal Bank of Canada downgraded Toll Brothers to an “outperform” rating and set a $142.00 price target on the stock. in a research note on Friday, January 10th. Citigroup decreased their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 target price (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Evercore ISI raised their target price on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $168.00 to $164.00 in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $150.86.
View Our Latest Report on Toll Brothers
Toll Brothers Stock Performance
TOL stock opened at $111.45 on Thursday. The company has a market cap of $11.13 billion, a P/E ratio of 7.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.76. Toll Brothers has a 1 year low of $107.79 and a 1 year high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The stock’s fifty day moving average price is $128.57 and its 200-day moving average price is $141.37.
Toll Brothers (NYSE:TOL – Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. On average, equities analysts forecast that Toll Brothers will post 13.83 earnings per share for the current year.
Toll Brothers Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.83%. Toll Brothers’s dividend payout ratio is presently 6.33%.
Insider Buying and Selling at Toll Brothers
In other news, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the sale, the director now directly owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the sale, the chief financial officer now directly owns 20,618 shares in the company, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,202 shares of company stock valued at $1,947,436 over the last ninety days. 1.54% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Toll Brothers
Several large investors have recently made changes to their positions in the company. Peak Retirement Planning Inc. bought a new stake in shares of Toll Brothers in the fourth quarter worth about $771,000. Toronto Dominion Bank grew its position in Toll Brothers by 60.2% in the fourth quarter. Toronto Dominion Bank now owns 5,122 shares of the construction company’s stock worth $645,000 after acquiring an additional 1,925 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Toll Brothers in the fourth quarter worth about $1,795,000. GTS Securities LLC grew its position in Toll Brothers by 384.2% in the fourth quarter. GTS Securities LLC now owns 3,064 shares of the construction company’s stock worth $386,000 after acquiring an additional 4,142 shares in the last quarter. Finally, Vise Technologies Inc. grew its position in Toll Brothers by 18.8% in the fourth quarter. Vise Technologies Inc. now owns 1,773 shares of the construction company’s stock worth $223,000 after acquiring an additional 280 shares in the last quarter. 91.76% of the stock is owned by institutional investors.
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.
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