Toll Brothers (NYSE:TOL) Price Target Lowered to $140.00 at Bank of America

Toll Brothers (NYSE:TOL) had its price target cut by Bank of America from $156.00 to $140.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

A number of other equities analysts have also recently weighed in on TOL. Citigroup decreased their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Wedbush reissued an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research report on Friday, February 14th. Royal Bank of Canada cut shares of Toll Brothers to an “outperform” rating and set a $142.00 price objective for the company. in a research report on Friday, January 10th. Evercore ISI upped 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. Finally, UBS Group cut their target price on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus target price of $150.86.

Toll Brothers Trading Up 0.2 %

Shares of TOL opened at $115.16 on Thursday. Toll Brothers has a fifty-two week low of $106.95 and a fifty-two week high of $169.52. The stock has a fifty day moving average of $129.02 and a two-hundred day moving average of $141.40. The company has a market capitalization of $11.50 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 0.99 and a beta of 1.76. 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 (NYSE:TOL) last announced its quarterly earnings results 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). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. As a group, analysts forecast that Toll Brothers will post 14.15 EPS for the current year.

Toll Brothers Announces Dividend

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

Insider Activity at Toll Brothers

In other news, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christine Garvey sold 204 shares of the company’s 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 completion of the sale, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,202 shares of company stock valued at $1,947,436. Insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fiduciary Alliance LLC acquired a new position in Toll Brothers in the fourth quarter valued at about $1,117,000. Franklin Resources Inc. boosted its position in Toll Brothers by 5.4% in 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 in the last quarter. World Investment Advisors LLC acquired a new position in Toll Brothers in the third quarter valued at about $12,506,000. Chartwell Investment Partners LLC boosted its position in Toll Brothers by 66.5% in the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after buying an additional 14,092 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its position in Toll Brothers by 4,894.1% in the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock valued at $525,000 after buying an additional 3,328 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

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.