Toll Brothers (NYSE:TOL) Price Target Cut to $125.00 by Analysts at Citigroup

Toll Brothers (NYSE:TOL) had its target price lowered by investment analysts at Citigroup from $133.00 to $125.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. Citigroup’s price target points to a potential upside of 12.58% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada upped their price target on shares of Toll Brothers from $122.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Raymond James reissued a “strong-buy” rating and issued a $145.00 target price (up from $135.00) on shares of Toll Brothers in a research note on Thursday, May 23rd. Wells Fargo & Company upped their price target on Toll Brothers from $142.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. StockNews.com upgraded Toll Brothers from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods boosted their target price on Toll Brothers from $135.00 to $142.00 and gave the company an “outperform” rating in a research note on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.13.

Toll Brothers Trading Down 1.2 %

Shares of NYSE:TOL traded down $1.30 on Tuesday, reaching $111.03. 994,806 shares of the company traded hands, compared to its average volume of 1,381,614. The stock has a market capitalization of $11.40 billion, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 0.94 and a beta of 1.67. The business’s 50-day simple moving average is $121.19 and its 200 day simple moving average is $113.98. The company has a current ratio of 4.59, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. Toll Brothers has a 52 week low of $68.08 and a 52 week high of $135.37.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.13 by ($0.75). Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the prior year, the company earned $2.85 earnings per share. The company’s revenue was up 13.2% compared to the same quarter last year. As a group, equities analysts anticipate that Toll Brothers will post 12.94 EPS for the current fiscal year.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the transaction, the director now directly owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Martin P. Connor sold 3,806 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total transaction of $463,723.04. Following the sale, the chief financial officer now owns 24,721 shares in the company, valued at approximately $3,012,006.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the transaction, the director now directly owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The disclosure for this sale can be found here. Insiders have sold a total of 21,670 shares of company stock valued at $2,586,315 over the last 90 days. 1.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Toll Brothers

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its position in Toll Brothers by 23.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,074 shares of the construction company’s stock worth $124,000 after purchasing an additional 201 shares during the period. Old Port Advisors bought a new position in shares of Toll Brothers during the first quarter valued at approximately $214,000. Cetera Advisors LLC purchased a new stake in shares of Toll Brothers in the first quarter worth approximately $733,000. Cetera Investment Advisers lifted its stake in shares of Toll Brothers by 957.1% during the 1st quarter. Cetera Investment Advisers now owns 22,664 shares of the construction company’s stock worth $2,932,000 after acquiring an additional 20,520 shares during the last quarter. Finally, Burney Co. lifted its stake in shares of Toll Brothers by 8.8% during the 1st quarter. Burney Co. now owns 346,454 shares of the construction company’s stock worth $44,821,000 after acquiring an additional 27,993 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.