Toll Brothers (NYSE:TOL) Price Target Cut to $125.00 by Analysts at The Goldman Sachs Group

Toll Brothers (NYSE:TOL) had its price objective dropped by The Goldman Sachs Group from $143.00 to $125.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 8.92% from the stock’s current price.

Several other research firms have also recently commented on TOL. Wedbush restated an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a report on Friday, February 14th. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 price target (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Evercore ISI boosted their price target on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, UBS Group lowered their price objective on Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and an average target price of $152.57.

Toll Brothers Price Performance

Toll Brothers stock traded down $0.12 during mid-day trading on Thursday, hitting $114.76. 752,795 shares of the company were exchanged, compared to its average volume of 1,704,988. Toll Brothers has a 12-month low of $106.95 and a 12-month high of $169.52. The company has a market capitalization of $11.46 billion, a P/E ratio of 7.88, a PEG ratio of 1.05 and a beta of 1.76. The business’s 50 day simple moving average is $129.49 and its two-hundred day simple moving average is $141.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The company 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 18.52% and a net margin of 14.03%. Analysts forecast that Toll Brothers will post 14.15 earnings per share for the current fiscal year.

Insider Activity

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction that occurred on Monday, December 30th. The stock was 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 directly owns 20,618 shares in the company, valued at $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the sale, the director now owns 119,937 shares in the company, valued at $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. In the last three months, insiders sold 15,202 shares of company stock valued at $1,947,436. Company insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Toll Brothers in the 3rd quarter worth about $27,000. Brooklyn Investment Group bought a new stake in shares of Toll Brothers during the 3rd quarter worth about $27,000. Larson Financial Group LLC lifted its position in 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 during the period. ORG Partners LLC acquired a new stake in shares of Toll Brothers in the fourth quarter valued at $25,000. Finally, Lee Danner & Bass Inc. bought a new position in Toll Brothers during the fourth quarter valued at about $27,000. 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.