Toll Brothers (NYSE:TOL) Price Target Cut to $185.00 by Analysts at UBS Group

Toll Brothers (NYSE:TOL) had its price target lowered by UBS Group from $192.00 to $185.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. restated a “neutral” rating and set a $150.00 target price (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Citigroup reduced their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research note on Monday. Bank of America boosted their price target on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Wells Fargo & Company raised their price objective on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Finally, Royal Bank of Canada upped their target price on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and an average price target of $158.07.

Toll Brothers Trading Up 2.5 %

Shares of NYSE TOL opened at $126.93 on Wednesday. Toll Brothers has a twelve month low of $95.46 and a twelve month high of $169.52. The firm has a market cap of $12.70 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 1.00 and a beta of 1.74. The business has a fifty day simple moving average of $144.20 and a two-hundred day simple moving average of $140.32. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37.

Toll Brothers (NYSE:TOL) last posted its earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $4.11 EPS. Analysts expect that Toll Brothers will post 14.57 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a $0.23 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.72%. Toll Brothers’s payout ratio is 6.12%.

Insider Buying and Selling at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the sale, the chief executive officer now owns 221,382 shares of the company’s stock, valued at $35,029,273.86. This trade represents a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at $2,599,311.26. The trade was a 35.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 40,202 shares of company stock worth $5,903,186. 1.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Toll Brothers

Large investors have recently added to or reduced their stakes in the business. National Bank of Canada FI boosted its position in shares of Toll Brothers by 1.7% in the second quarter. National Bank of Canada FI now owns 41,232 shares of the construction company’s stock worth $4,625,000 after acquiring an additional 680 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Toll Brothers by 0.7% during the 2nd quarter. Private Advisor Group LLC now owns 26,050 shares of the construction company’s stock valued at $3,000,000 after buying an additional 180 shares during the period. Ballentine Partners LLC increased its holdings in shares of Toll Brothers by 6.9% during the 2nd quarter. Ballentine Partners LLC now owns 1,824 shares of the construction company’s stock worth $210,000 after buying an additional 118 shares during the last quarter. Quest Partners LLC raised its position in shares of Toll Brothers by 76,925.0% in the 2nd quarter. Quest Partners LLC now owns 6,162 shares of the construction company’s stock worth $710,000 after buying an additional 6,154 shares during the period. Finally, Choreo LLC acquired a new position in Toll Brothers in the second quarter valued at $528,000. 91.76% of the stock is currently owned by hedge funds and other 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.