Toll Brothers (NYSE:TOL) Price Target Lowered to $165.00 at Oppenheimer

Toll Brothers (NYSE:TOL) had its target price lowered by analysts at Oppenheimer from $189.00 to $165.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the construction company’s stock. Oppenheimer’s price objective suggests a potential upside of 43.56% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Evercore ISI lifted their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Barclays dropped their target price on shares of 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, UBS Group lowered their price objective on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $150.86.

Toll Brothers Price Performance

Toll Brothers stock traded up $0.05 during mid-day trading on Thursday, reaching $114.93. The company had a trading volume of 897,869 shares, compared to its average volume of 1,709,415. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. The stock’s 50-day simple moving average is $129.49 and its 200-day simple moving average is $141.58. Toll Brothers has a 1 year low of $106.95 and a 1 year high of $169.52. The company has a market capitalization of $11.48 billion, a P/E ratio of 7.91, a P/E/G ratio of 1.05 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a return on equity of 18.52% and a net margin of 14.03%. On average, equities analysts predict that Toll Brothers will post 14.15 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christine Garvey sold 204 shares of the 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 of the company’s stock, valued at approximately $972,027.84. This represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,202 shares of company stock valued at $1,947,436 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 hedge funds have recently made changes to their positions in the company. Peak Retirement Planning Inc. acquired a new stake in shares of Toll Brothers during the 4th quarter worth about $771,000. Toronto Dominion Bank increased its position in Toll Brothers by 60.2% in the 4th quarter. Toronto Dominion Bank now owns 5,122 shares of the construction company’s stock valued at $645,000 after acquiring an additional 1,925 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Toll Brothers in the 4th quarter valued at about $1,795,000. GTS Securities LLC increased its position in Toll Brothers by 384.2% in the 4th quarter. GTS Securities LLC now owns 3,064 shares of the construction company’s stock valued at $386,000 after acquiring an additional 4,142 shares in the last quarter. Finally, Vise Technologies Inc. increased its position in Toll Brothers by 18.8% in the 4th quarter. Vise Technologies Inc. now owns 1,773 shares of the construction company’s stock valued at $223,000 after acquiring an additional 280 shares in the last quarter. Institutional investors and hedge funds 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.