Citigroup Lowers Toll Brothers (NYSE:TOL) Price Target to $125.00

Toll Brothers (NYSE:TOL) had its price target lowered by research analysts at Citigroup from $133.00 to $125.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the construction company’s stock. Citigroup’s target price would suggest a potential upside of 11.64% from the stock’s current price.

Several other research firms have also issued reports on TOL. UBS Group increased their price target on shares of Toll Brothers from $140.00 to $154.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Keefe, Bruyette & Woods increased their price objective on shares of Toll Brothers from $135.00 to $142.00 and gave the company an “outperform” rating in a research note on Tuesday, June 4th. Oppenheimer increased their price objective on shares of Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. Wells Fargo & Company increased their price objective on shares of Toll Brothers from $142.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Finally, Wedbush reissued a “neutral” rating and issued a $105.00 price objective on shares of Toll Brothers in a research note on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average price target of $128.13.

Toll Brothers Stock Performance

NYSE TOL opened at $111.97 on Tuesday. The company has a current ratio of 4.59, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $11.49 billion, a price-to-earnings ratio of 7.65, a P/E/G ratio of 0.94 and a beta of 1.67. The firm’s 50 day simple moving average is $120.89 and its 200 day simple moving average is $114.03. Toll Brothers has a 1 year low of $68.08 and a 1 year high of $135.37.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.13 by ($0.75). The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.58 billion. Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The business’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.85 EPS. As a group, research analysts expect that Toll Brothers will post 12.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction on Monday, June 10th. The shares were sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the transaction, the chief financial officer now owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction on Monday, June 10th. The shares were sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the transaction, the chief financial officer now owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the transaction, the director now directly owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The disclosure for this sale can be found here. Insiders sold 21,670 shares of company stock valued at $2,586,315 over the last quarter. Insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Large investors have recently bought and sold shares of the stock. Register Financial Advisors LLC acquired a new stake in Toll Brothers in the first quarter worth $26,000. Contravisory Investment Management Inc. acquired a new stake in Toll Brothers in the first quarter worth $34,000. Massmutual Trust Co. FSB ADV grew its holdings in Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after purchasing an additional 142 shares during the period. Rise Advisors LLC acquired a new stake in Toll Brothers in the first quarter worth $35,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in Toll Brothers in the fourth quarter worth $36,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

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.