Toll Brothers (NYSE:TOL) Price Target Lowered to $140.00 at Bank of America

Toll Brothers (NYSE:TOL) had its price objective decreased by Bank of America from $156.00 to $140.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Bank of America‘s price objective suggests a potential upside of 21.87% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Oppenheimer reaffirmed an “outperform” rating and issued a $189.00 price target on shares of Toll Brothers in a research report on Thursday, December 12th. Evercore ISI raised their target price on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Finally, Wedbush reiterated an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $154.29.

Toll Brothers Stock Performance

Shares of NYSE TOL opened at $114.88 on Thursday. The business’s 50-day simple moving average is $129.49 and its 200-day simple moving average is $141.58. Toll Brothers has a 52 week low of $100.47 and a 52 week high of $169.52. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 4.92. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 7.91, a P/E/G ratio of 1.05 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last announced its quarterly 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 company had revenue of $1.86 billion for 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 18.52%. As a group, equities research analysts expect 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 the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 20,618 shares in the company, valued at $2,599,311.26. This represents 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 hyperlink. Also, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the transaction, the director now directly owns 7,728 shares of the company’s stock, valued at approximately $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 ninety days, insiders have sold 15,202 shares of company stock worth $1,947,436. Company insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

Hedge funds have recently modified their holdings of the company. Fiduciary Alliance LLC bought a new stake in Toll Brothers during the 4th quarter worth approximately $1,117,000. Franklin Resources Inc. boosted its stake in Toll Brothers by 5.4% in the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock worth $27,659,000 after purchasing an additional 9,195 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Toll Brothers during the third quarter worth $12,506,000. Chartwell Investment Partners LLC increased its stake in shares of Toll Brothers by 66.5% in the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after buying an additional 14,092 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Toll Brothers by 4,894.1% in the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock valued at $525,000 after buying an additional 3,328 shares during 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.