UBS Group Cuts Toll Brothers (NYSE:TOL) Price Target to $185.00

Toll Brothers (NYSE:TOL) had its target price reduced by UBS Group from $192.00 to $185.00 in a research note published on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.

A number of other analysts have also recently weighed in on TOL. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a report on Wednesday, December 11th. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Evercore ISI raised their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research note 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, Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $168.00 to $164.00 in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $158.07.

Toll Brothers Stock Performance

Shares of TOL stock opened at $123.51 on Wednesday. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 1.00 and a beta of 1.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92. The company has a 50 day moving average price of $143.35 and a 200 day moving average price of $140.26. Toll Brothers has a one year low of $95.46 and a one year high of $169.52.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the business posted $4.11 earnings per share. Toll Brothers’s revenue for the quarter was up 10.4% on a year-over-year basis. Sell-side analysts anticipate that Toll Brothers will post 14.57 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers’s payout ratio is presently 6.12%.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were 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 in the company, valued at $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the transaction, the chief executive officer now directly owns 221,382 shares in the company, valued at approximately $35,029,273.86. This represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,202 shares of company stock worth $5,903,186 in the last quarter. Corporate insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

Institutional investors have recently modified their holdings of the stock. FMR LLC increased its position in Toll Brothers by 97.7% during the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after purchasing an additional 1,046,758 shares during the period. Westfield Capital Management Co. LP bought a new position in Toll Brothers in the third quarter worth approximately $111,562,000. Pacer Advisors Inc. increased its holdings in Toll Brothers by 34.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after purchasing an additional 541,140 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Toll Brothers by 81.0% in the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after purchasing an additional 431,160 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in shares of Toll Brothers during the third quarter valued at approximately $38,985,000. 91.76% of the stock is currently owned by institutional investors.

About Toll Brothers

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.