Bank of America Lowers Toll Brothers (NYSE:TOL) Price Target to $156.00

Toll Brothers (NYSE:TOLGet Free Report) had its price target reduced by equities researchers at Bank of America from $165.00 to $156.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Bank of America‘s price objective would suggest a potential upside of 13.44% from the company’s current price.

TOL has been the subject of a number of other reports. Evercore ISI raised their price objective on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Wedbush reiterated an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research report on Wednesday, December 11th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $150.00 price target (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Barclays dropped their target price on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Finally, UBS Group decreased their price target on Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

View Our Latest Analysis on Toll Brothers

Toll Brothers Stock Performance

NYSE:TOL opened at $137.52 on Monday. The company’s 50-day moving average is $138.97 and its two-hundred day moving average is $142.37. Toll Brothers has a 1-year low of $97.45 and a 1-year high of $169.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. The firm has a market capitalization of $13.76 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 1.04 and a beta of 1.74.

Toll Brothers (NYSE:TOLGet Free Report) last released 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 firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $4.11 earnings per share. Analysts forecast that Toll Brothers will post 14.25 EPS for the current year.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the sale, the director now directly owns 7,728 shares of the company’s stock, valued at $972,027.84. The trade was a 2.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction dated 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. Over the last ninety days, insiders sold 15,202 shares of company stock valued at $1,947,436. 1.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Toll Brothers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. OMC Financial Services LTD purchased a new stake in shares of Toll Brothers during the 4th quarter worth approximately $2,330,000. Martin Capital Advisors LLP raised its stake in Toll Brothers by 17.0% during the 4th quarter. Martin Capital Advisors LLP now owns 3,576 shares of the construction company’s stock worth $450,000 after acquiring an additional 520 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Toll Brothers by 16.1% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 293,010 shares of the construction company’s stock valued at $36,905,000 after acquiring an additional 40,665 shares during the last quarter. Empowered Funds LLC boosted its stake in Toll Brothers by 228.1% in the fourth quarter. Empowered Funds LLC now owns 232,180 shares of the construction company’s stock valued at $29,243,000 after acquiring an additional 161,408 shares in the last quarter. Finally, Vest Financial LLC grew its holdings in shares of Toll Brothers by 98.1% during the fourth quarter. Vest Financial LLC now owns 19,550 shares of the construction company’s stock worth $2,462,000 after purchasing an additional 9,681 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

About Toll Brothers

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Toll Brothers (NYSE:TOL)

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