Bank of America Lowers Toll Brothers (NYSE:TOL) Price Target to $156.00

Toll Brothers (NYSE:TOL) had its price target lowered by Bank of America from $165.00 to $156.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 price target (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Evercore ISI upped their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Wedbush reissued an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a report on Wednesday, December 11th. Citigroup decreased their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating and cut their target price for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $135.78 on Monday. Toll Brothers has a twelve month low of $97.45 and a twelve month 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 $13.58 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 1.04 and a beta of 1.74. The firm’s 50-day simple moving average is $138.97 and its 200-day simple moving average is $142.37.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating 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 company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the previous year, the business earned $4.11 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, research analysts expect that Toll Brothers will post 14.25 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a $0.23 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.68%. Toll Brothers’s payout ratio is 6.12%.

Insider Transactions at Toll Brothers

In other news, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction that occurred on 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 $2,599,311.26. The trade was a 35.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christine Garvey sold 204 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the sale, the director now directly owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,202 shares of company stock worth $1,947,436 over the last 90 days. 1.54% of the stock is owned by insiders.

Institutional Trading of Toll Brothers

A number of institutional investors have recently bought and sold shares of TOL. Larson Financial Group LLC raised its position 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 acquiring an additional 66 shares during the period. First Trust Direct Indexing L.P. increased its stake in Toll Brothers by 1.4% in the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after purchasing an additional 72 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in Toll Brothers by 3.7% in the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock valued at $363,000 after purchasing an additional 83 shares in the last quarter. Nilsine Partners LLC boosted its position in shares of Toll Brothers by 0.5% during the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock worth $2,433,000 after purchasing an additional 88 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Toll Brothers by 15.1% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock valued at $88,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

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.