UBS Group Lowers Toll Brothers (NYSE:TOL) Price Target to $183.00

Toll Brothers (NYSE:TOL) had its price objective cut by UBS Group from $185.00 to $183.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

TOL has been the subject of a number of other reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $150.00 target price (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Barclays lowered their target price on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Keefe, Bruyette & Woods downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating and cut their price target for the company from $168.00 to $164.00 in a report on Tuesday, December 10th. Finally, 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. One equities 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $150.86.

Toll Brothers Stock Down 3.2 %

Shares of TOL stock opened at $111.45 on Thursday. The stock has a market cap of $11.13 billion, a P/E ratio of 7.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.76. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The stock has a fifty day moving average price of $128.57 and a 200 day moving average price of $141.37. Toll Brothers has a one year low of $107.79 and a one year high of $169.52.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.91 billion. Analysts predict that Toll Brothers will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.33%.

Insider Activity at Toll Brothers

In other news, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,202 shares of company stock worth $1,947,436 over the last 90 days. Insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning lifted its stake in Toll Brothers by 11.5% in the third quarter. Creative Planning now owns 10,323 shares of the construction company’s stock valued at $1,595,000 after buying an additional 1,063 shares during the period. Bleakley Financial Group LLC acquired a new stake in shares of Toll Brothers in the 3rd quarter valued at approximately $265,000. Blue Trust Inc. boosted its stake in Toll Brothers by 111.4% during the 3rd quarter. Blue Trust Inc. now owns 353 shares of the construction company’s stock worth $55,000 after acquiring an additional 186 shares during the last quarter. OLD National Bancorp IN acquired a new position in Toll Brothers during the third quarter valued at approximately $207,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Toll Brothers by 74.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 582 shares of the construction company’s stock valued at $90,000 after purchasing an additional 249 shares in the last quarter. 91.76% of the stock is currently owned by 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.