Toll Brothers (NYSE:TOL) Given New $137.00 Price Target at Citigroup

Toll Brothers (NYSE:TOL) had its target price lowered by Citigroup from $155.00 to $137.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the construction company’s stock.

A number of other equities analysts also recently weighed in on TOL. Evercore ISI boosted their price target on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Bank of America raised their price target on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Oppenheimer reissued an “outperform” rating and issued a $189.00 price objective on shares of Toll Brothers in a research report on Thursday, December 12th. Wells Fargo & Company raised their price objective 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. Finally, Wedbush reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $153.33.

Toll Brothers Price Performance

NYSE:TOL opened at $125.97 on Monday. The stock has a market capitalization of $12.60 billion, a PE ratio of 8.38, a P/E/G ratio of 1.00 and a beta of 1.74. Toll Brothers has a 1-year low of $95.46 and a 1-year high of $169.52. The firm has a fifty day simple moving average of $145.59 and a 200 day simple moving average of $140.30. The company has a current ratio of 4.92, a quick ratio of 0.57 and a debt-to-equity ratio of 0.37.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data 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 company had revenue of $3.33 billion during 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 quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $4.11 EPS. On average, research analysts expect that Toll Brothers will post 14.57 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Friday, January 10th. Toll Brothers’s payout ratio is currently 6.12%.

Insider Activity at Toll Brothers

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in shares of Toll Brothers in the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group bought a new stake in shares of Toll Brothers during the third quarter worth $27,000. Larson Financial Group LLC increased its holdings in shares of Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Toll Brothers by 202.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock valued at $38,000 after acquiring an additional 223 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after acquiring an additional 207 shares in the last quarter. 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.