Toll Brothers (NYSE:TOL) Price Target Lowered to $183.00 at UBS Group

Toll Brothers (NYSE:TOL) had its price target reduced by UBS Group from $185.00 to $183.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other equities analysts have also commented on the stock. Royal Bank of Canada lowered shares of Toll Brothers to an “outperform” rating and set a $142.00 target price on the stock. in a report on Friday, January 10th. Bank of America reduced 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. Evercore ISI boosted their target price on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $150.86.

Toll Brothers Trading Up 0.2 %

NYSE TOL opened at $115.16 on Thursday. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The stock’s 50-day simple moving average is $129.02 and its two-hundred day simple moving average is $141.40. Toll Brothers has a twelve month low of $106.95 and a twelve month high of $169.52. The company has a market capitalization of $11.50 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 0.99 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. Research analysts forecast that Toll Brothers will post 14.15 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio is currently 6.33%.

Insiders Place Their Bets

In other news, CFO Martin P. Connor sold 11,140 shares of the company’s 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 sale, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This represents a 35.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now directly owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,202 shares of company stock worth $1,947,436 over the last three months. Company insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fiduciary Alliance LLC bought a new stake in shares of Toll Brothers in the 4th quarter worth approximately $1,117,000. Franklin Resources Inc. raised its stake in Toll Brothers by 5.4% during the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock valued at $27,659,000 after buying an additional 9,195 shares during the last quarter. World Investment Advisors LLC bought a new stake in Toll Brothers in the third quarter worth $12,506,000. Chartwell Investment Partners LLC grew its stake in shares of Toll Brothers by 66.5% in the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock worth $5,453,000 after acquiring an additional 14,092 shares during the last quarter. Finally, Avior Wealth Management LLC raised its position in shares of Toll Brothers by 4,894.1% in the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after purchasing an additional 3,328 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

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.