The Goldman Sachs Group Cuts Toll Brothers (NYSE:TOL) Price Target to $125.00

Toll Brothers (NYSE:TOL) had its target price cut by The Goldman Sachs Group from $143.00 to $125.00 in a report issued on Thursday,Benzinga reports. They currently have a neutral rating on the construction company’s stock.

Other equities analysts have also issued research reports about the company. UBS Group lowered their price objective on Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a research note on Thursday. Bank of America lowered their price objective on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday. Oppenheimer reissued an “outperform” rating and set a $189.00 price objective on shares of Toll Brothers in a research note on Thursday, December 12th. Wedbush reissued an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research note on Friday, February 14th. Finally, Keefe, Bruyette & Woods lowered Toll Brothers from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $168.00 to $164.00 in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $150.86.

Toll Brothers Stock Down 3.2 %

Shares of TOL opened at $111.45 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers has a one year low of $107.79 and a one year high of $169.52. The stock has a market capitalization of $11.13 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 1.02 and a beta of 1.76. The stock has a 50 day moving average price of $128.57 and a 200 day moving average price of $141.37.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Equities research analysts forecast that Toll Brothers will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.83%. Toll Brothers’s dividend payout ratio is presently 6.33%.

Insider Activity at Toll Brothers

In related news, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christine Garvey sold 204 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the sale, the director now owns 7,728 shares in the company, valued at $972,027.84. This represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,202 shares of company stock worth $1,947,436. 1.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Toll Brothers

Several large investors have recently bought and sold shares of the stock. Larson Financial Group LLC increased its holdings in Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares during the period. First Trust Direct Indexing L.P. increased its holdings in shares of Toll Brothers by 1.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after acquiring an additional 72 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Toll Brothers by 34.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock valued at $37,000 after acquiring an additional 75 shares during the last quarter. Nilsine Partners LLC increased its holdings in shares of Toll Brothers by 0.5% in the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock valued at $2,433,000 after acquiring an additional 88 shares during the last quarter. Finally, Insigneo Advisory Services LLC increased its holdings in shares of Toll Brothers by 4.7% in the 4th quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company’s stock valued at $251,000 after acquiring an additional 89 shares during the last quarter. Hedge funds and other 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.