The Goldman Sachs Group Has Lowered Expectations for Toll Brothers (NYSE:TOL) Stock Price

Toll Brothers (NYSE:TOL) had its target price cut by The Goldman Sachs Group from $143.00 to $125.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the construction company’s stock.

TOL has been the topic of a number of other reports. Wells Fargo & Company cut their price target on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday. Bank of America cut their target price on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday. Wedbush reissued an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a report on Friday, February 14th. Barclays dropped their price target on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Finally, Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $150.86.

Toll Brothers Stock Up 0.2 %

Shares of NYSE TOL opened at $115.16 on Thursday. The business has a 50-day moving average of $129.02 and a two-hundred day moving average of $141.40. The company has a market capitalization of $11.50 billion, a price-to-earnings ratio of 7.93, a price-to-earnings-growth ratio of 0.99 and a beta of 1.76. Toll Brothers has a 1 year low of $106.95 and a 1 year high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. On average, analysts forecast that Toll Brothers will post 14.15 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers’s payout ratio is 6.33%.

Insider Buying and Selling

In other news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares of the company’s stock, 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 is accessible through this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $16,088,349.18. This represents a 3.10 % decrease in their ownership of the stock. 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

Several institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Toll Brothers in the fourth quarter valued at about $149,924,000. Balyasny Asset Management L.P. boosted its position in Toll Brothers by 24,475.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company’s stock worth $140,400,000 after purchasing an additional 1,110,192 shares in the last quarter. FMR LLC increased its position in shares of Toll Brothers by 97.7% in the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after buying an additional 1,046,758 shares in the last quarter. D1 Capital Partners L.P. acquired a new position in shares of Toll Brothers during the 4th quarter worth $106,428,000. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Toll Brothers in the 3rd quarter worth about $111,562,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

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.