Bank of America Cuts Toll Brothers (NYSE:TOL) Price Target to $156.00

Toll Brothers (NYSE:TOL) had its price objective decreased by Bank of America from $165.00 to $156.00 in a research report released on Monday morning,Benzinga reports. Bank of America currently has a buy rating on the construction company’s stock.

Several other research firms have also recently weighed in on TOL. UBS Group lowered their price objective on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Wedbush reiterated an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a report on Wednesday, December 11th. Keefe, Bruyette & Woods downgraded Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $168.00 to $164.00 in a research note on Tuesday, December 10th. Barclays decreased their price objective on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Finally, Oppenheimer reissued an “outperform” rating and issued a $189.00 price target on shares of Toll Brothers in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Toll Brothers Trading Down 1.3 %

Shares of NYSE TOL opened at $135.78 on Monday. The company has a quick ratio of 0.80, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. Toll Brothers has a 12 month low of $97.45 and a 12 month high of $169.52. The company has a market cap of $13.58 billion, a price-to-earnings ratio of 9.03, a P/E/G ratio of 1.04 and a beta of 1.74. The business has a fifty day simple moving average of $138.97 and a 200-day simple moving average of $142.37.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $4.11 earnings per share. Sell-side analysts predict that Toll Brothers will post 14.25 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.68%. Toll Brothers’s dividend payout ratio is currently 6.12%.

Insider Transactions at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the sale, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction 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 transaction, the director now owns 7,728 shares in the company, valued at $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,202 shares of company stock worth $1,947,436. 1.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Toll Brothers

Several large investors have recently made changes to their positions in the business. Van ECK Associates Corp increased its position in Toll Brothers by 30.2% in the 4th quarter. Van ECK Associates Corp now owns 82,803 shares of the construction company’s stock worth $10,429,000 after buying an additional 19,214 shares during the period. Focus Financial Network Inc. acquired a new stake in shares of Toll Brothers in the fourth quarter worth $351,000. Savant Capital LLC increased its position in Toll Brothers by 3.7% during the fourth quarter. Savant Capital LLC now owns 16,841 shares of the construction company’s stock worth $2,121,000 after acquiring an additional 597 shares during the period. OMC Financial Services LTD acquired a new position in Toll Brothers during the 4th quarter valued at $2,330,000. Finally, Martin Capital Advisors LLP boosted its holdings in Toll Brothers by 17.0% in the 4th quarter. Martin Capital Advisors LLP now owns 3,576 shares of the construction company’s stock valued at $450,000 after purchasing an additional 520 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Company Profile

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.