Barclays Trims Toll Brothers (NYSE:TOL) Target Price to $116.00

Toll Brothers (NYSE:TOL) had its target price lowered by Barclays from $118.00 to $116.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has an underweight rating on the construction company’s stock.

A number of other brokerages also recently commented on TOL. Argus increased their price target on shares of Toll Brothers from $135.00 to $140.00 and gave the company a buy rating in a report on Thursday, June 6th. Keefe, Bruyette & Woods lifted their target price on Toll Brothers from $135.00 to $142.00 and gave the stock an outperform rating in a report on Tuesday, June 4th. Raymond James reissued a strong-buy rating and set a $145.00 target price (up previously from $135.00) on shares of Toll Brothers in a research report on Thursday, May 23rd. UBS Group raised their price target on Toll Brothers from $140.00 to $154.00 and gave the stock a buy rating in a research report on Thursday, May 23rd. Finally, Wells Fargo & Company increased their target price on shares of Toll Brothers from $142.00 to $150.00 and gave the company an overweight rating in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Toll Brothers has a consensus rating of Moderate Buy and a consensus price target of $128.00.

Toll Brothers Stock Performance

NYSE TOL opened at $123.15 on Friday. The company has a quick ratio of 0.69, a current ratio of 4.59 and a debt-to-equity ratio of 0.39. Toll Brothers has a twelve month low of $68.08 and a twelve month high of $135.37. The business has a 50-day moving average price of $120.04 and a 200-day moving average price of $114.58. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67.

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

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.92 annualized dividend and a dividend yield of 0.75%. Toll Brothers’s dividend payout ratio is currently 6.28%.

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of Toll Brothers stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total value of $463,723.04. Following the completion of the transaction, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Martin P. Connor sold 16,194 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $118.74, for a total value of $1,922,875.56. Following the sale, the chief financial officer now directly owns 28,527 shares in the company, valued at approximately $3,387,295.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin P. Connor sold 3,806 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total value of $463,723.04. Following the completion of the sale, the chief financial officer now owns 24,721 shares in the company, valued at $3,012,006.64. The disclosure for this sale can be found here. Insiders have sold 20,170 shares of company stock worth $2,407,335 over the last ninety days. Corporate insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Register Financial Advisors LLC acquired a new position in Toll Brothers during the first quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Toll Brothers during the second quarter worth approximately $29,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Toll Brothers by 114.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after acquiring an additional 142 shares during the period. Contravisory Investment Management Inc. purchased a new stake in Toll Brothers in the 1st quarter valued at $34,000. Finally, Rise Advisors LLC acquired a new stake in Toll Brothers during the 1st quarter worth $35,000. 91.76% of the stock is owned by hedge funds and other 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.