Toll Brothers (NYSE:TOL) Price Target Cut to $115.00 by Analysts at Barclays

Toll Brothers (NYSE:TOL) had its price target cut by equities research analysts at Barclays from $135.00 to $115.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the construction company’s stock. Barclays‘s price objective indicates a potential downside of 13.93% from the stock’s previous close.

Several other brokerages have also recently commented on TOL. Wedbush reissued an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods downgraded shares of 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 research report on Tuesday, December 10th. Evercore ISI raised their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Finally, Wells Fargo & Company increased their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $156.64.

Toll Brothers Stock Down 0.5 %

Shares of NYSE:TOL traded down $0.62 during trading on Thursday, reaching $133.62. 428,834 shares of the company traded hands, compared to its average volume of 1,318,872. The firm has a fifty day simple moving average of $142.11 and a 200 day simple moving average of $140.75. The company has a quick ratio of 0.80, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. Toll Brothers has a 1-year low of $95.46 and a 1-year high of $169.52. The firm has a market cap of $13.37 billion, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 0.94 and a beta of 1.74.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the company earned $4.11 earnings per share. Toll Brothers’s quarterly revenue was up 10.4% compared to the same quarter last year. Analysts anticipate that Toll Brothers will post 14.25 earnings per share for the current fiscal year.

Insider Transactions at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the sale, the director now owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value 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. This trade represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,202 shares of company stock worth $1,947,436 over the last three months. 1.54% of the stock is currently owned by insiders.

Institutional Trading of Toll Brothers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its holdings in Toll Brothers by 91.5% during the fourth quarter. UMB Bank n.a. now owns 519 shares of the construction company’s stock valued at $65,000 after purchasing an additional 248 shares in the last quarter. HB Wealth Management LLC bought a new position in shares of Toll Brothers during the 4th quarter worth approximately $243,000. Merit Financial Group LLC acquired a new stake in Toll Brothers in the 4th quarter valued at $753,000. Hennessy Advisors Inc. grew its position in Toll Brothers by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 78,900 shares of the construction company’s stock valued at $9,937,000 after acquiring an additional 5,000 shares during the period. Finally, Beech Hill Advisors Inc. acquired a new position in Toll Brothers during the fourth quarter worth $1,944,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

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.