Toll Brothers (NYSE:TOL) Price Target Cut to $165.00 by Analysts at Oppenheimer

Toll Brothers (NYSE:TOL) had its target price decreased by equities research analysts at Oppenheimer from $189.00 to $165.00 in a report released on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the construction company’s stock. Oppenheimer’s price target indicates a potential upside of 48.05% from the company’s current price.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group dropped their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. restated a “neutral” rating and set a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Wedbush restated an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a report on Friday, February 14th. Royal Bank of Canada decreased their price objective on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday. Finally, UBS Group reduced their target price on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus price target of $150.86.

Toll Brothers Stock Down 3.2 %

Shares of NYSE TOL opened at $111.45 on Thursday. The firm has a market cap of $11.13 billion, a PE ratio of 7.67, a P/E/G ratio of 0.99 and a beta of 1.76. Toll Brothers has a 12-month low of $107.79 and a 12-month high of $169.52. The company’s fifty day simple moving average is $129.02 and its 200 day simple moving average is $141.40. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

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

Insider Activity

In related news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the sale, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,202 shares of company stock worth $1,947,436. 1.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Toll Brothers

A number of large investors have recently modified their holdings of the stock. State Street Corp boosted its stake in shares of Toll Brothers by 1.2% during the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock valued at $565,802,000 after purchasing an additional 42,871 shares in the last quarter. FMR LLC raised its holdings in Toll Brothers by 19.4% in the fourth quarter. FMR LLC now owns 2,528,853 shares of the construction company’s stock worth $318,509,000 after buying an additional 410,394 shares during the last quarter. Geode Capital Management LLC raised its holdings in Toll Brothers by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company’s stock worth $276,263,000 after buying an additional 35,001 shares during the last quarter. Invesco Ltd. raised its holdings in Toll Brothers by 14.2% in the fourth quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company’s stock worth $239,751,000 after buying an additional 236,402 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Toll Brothers by 38.7% during the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock valued at $154,449,000 after purchasing an additional 341,980 shares during the last quarter. Institutional investors 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.