Toll Brothers (NYSE:TOL) Given New $125.00 Price Target at The Goldman Sachs Group

Toll Brothers (NYSE:TOL) had its price target reduced by The Goldman Sachs Group from $143.00 to $125.00 in a report published on Thursday,Benzinga reports. They currently have a neutral rating on the construction company’s stock.

Several other research analysts also recently weighed in on TOL. Wells Fargo & Company lowered their target price on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday. Evercore ISI lifted their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Bank of America cut their price objective on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday. UBS Group lowered their target price on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Keefe, Bruyette & Woods cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $168.00 to $164.00 in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.86.

Toll Brothers Stock Performance

Shares of TOL opened at $111.45 on Thursday. The company’s 50 day simple moving average is $128.57 and its 200-day simple moving average is $141.37. Toll Brothers has a 12-month low of $107.79 and a 12-month high of $169.52. The firm has a market cap of $11.13 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.76. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS 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 analyst estimates of $1.91 billion. As a group, equities analysts predict that Toll Brothers will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

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

Insider Transactions at Toll Brothers

In other Toll Brothers 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 transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christine Garvey sold 204 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the sale, the director now directly owns 7,728 shares in the company, valued at $972,027.84. This trade represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,202 shares of company stock valued at $1,947,436 in the last 90 days. 1.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Toll Brothers

Several hedge funds have recently bought and sold shares of TOL. Peak Retirement Planning Inc. acquired a new stake in shares of Toll Brothers during the fourth quarter valued at $771,000. Toronto Dominion Bank grew its holdings in shares of Toll Brothers by 60.2% during the fourth quarter. Toronto Dominion Bank now owns 5,122 shares of the construction company’s stock worth $645,000 after buying an additional 1,925 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Toll Brothers in the fourth quarter valued at approximately $1,795,000. GTS Securities LLC lifted its stake in shares of Toll Brothers by 384.2% during the fourth quarter. GTS Securities LLC now owns 3,064 shares of the construction company’s stock valued at $386,000 after buying an additional 4,142 shares during the period. Finally, Vise Technologies Inc. boosted its position in Toll Brothers by 18.8% during the fourth quarter. Vise Technologies Inc. now owns 1,773 shares of the construction company’s stock worth $223,000 after acquiring an additional 280 shares during the last quarter. Hedge funds and other institutional investors 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.