Toll Brothers (NYSE:TOL) Price Target Lowered to $185.00 at UBS Group

Toll Brothers (NYSE:TOL) had its price objective reduced by UBS Group from $192.00 to $185.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other equities research analysts have also weighed in on the stock. Keefe, Bruyette & Woods lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $168.00 to $164.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Wells Fargo & Company boosted their price objective on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Citigroup dropped their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Bank of America boosted their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $158.07.

Toll Brothers Trading Up 2.5 %

Shares of TOL opened at $126.93 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57. Toll Brothers has a 12 month low of $95.46 and a 12 month high of $169.52. The stock has a market cap of $12.70 billion, a PE ratio of 8.45, a P/E/G ratio of 1.00 and a beta of 1.74. The stock’s 50-day moving average is $144.20 and its two-hundred day moving average is $140.32.

Toll Brothers (NYSE:TOL) last announced its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period in the previous year, the company earned $4.11 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities analysts forecast that Toll Brothers will post 14.57 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.12%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the transaction, the director now owns 119,937 shares of the company’s stock, valued at $16,088,349.18. The trade was a 3.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the transaction, the chief executive officer now owns 221,382 shares in the company, valued at $35,029,273.86. This represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,202 shares of company stock valued at $5,903,186. 1.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TOL. Capital Performance Advisors LLP acquired a new position in shares of Toll Brothers in the third quarter worth $27,000. Brooklyn Investment Group acquired a new stake in shares of Toll Brothers during the 3rd quarter valued at about $27,000. Larson Financial Group LLC grew its stake in shares of Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after buying an additional 66 shares in the last quarter. UMB Bank n.a. raised its position in Toll Brothers by 323.4% during the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after acquiring an additional 207 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Toll Brothers by 111.4% in the third quarter. Blue Trust Inc. now owns 353 shares of the construction company’s stock valued at $55,000 after acquiring an additional 186 shares during the last quarter. 91.76% of the stock is 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.