Toll Brothers (NYSE:TOL) Price Target Lowered to $101.00 at Barclays

Toll Brothers (NYSE:TOL) had its price target decreased by Barclays from $115.00 to $101.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the construction company’s stock. Barclays‘s price objective suggests a potential downside of 8.66% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. Bank of America dropped their target price on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Citigroup dropped their price target on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Oppenheimer cut their target price on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus target price of $147.57.

Toll Brothers Price Performance

TOL stock opened at $110.58 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 1.02 and a beta of 1.76. The company’s fifty day simple moving average is $128.09 and its 200 day simple moving average is $141.38. Toll Brothers has a 12-month low of $108.86 and a 12-month high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. On average, analysts expect that Toll Brothers will post 13.83 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Martin P. Connor sold 11,140 shares of the firm’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 completion of the sale, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the transaction, the director now 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 disclosure for this sale can be found here. Insiders have sold a total of 15,202 shares of company stock valued at $1,947,436 in the last 90 days. 1.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Toll Brothers

Several large investors have recently modified their holdings of the stock. ORG Partners LLC purchased a new stake in Toll Brothers in the fourth quarter worth $25,000. Capital Performance Advisors LLP purchased a new stake in Toll Brothers in the 3rd quarter worth about $27,000. Brooklyn Investment Group bought a new stake in Toll Brothers in the 3rd quarter valued at about $27,000. Lee Danner & Bass Inc. purchased a new stake in Toll Brothers during the fourth quarter valued at about $27,000. Finally, Larson Financial Group LLC increased its stake in shares of Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other 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.