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

Toll Brothers (NYSE:TOL) had its price target dropped by analysts at UBS Group from $192.00 to $185.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. UBS Group’s price objective points to a potential upside of 49.03% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada lifted their price objective on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Wedbush reaffirmed an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research note on Wednesday, December 11th. StockNews.com lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. reaffirmed 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. Finally, Keefe, Bruyette & Woods downgraded Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $168.00 to $164.00 in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.40.

Toll Brothers Stock Performance

Shares of NYSE TOL traded up $0.28 during midday trading on Wednesday, hitting $124.14. The company’s stock had a trading volume of 167,099 shares, compared to its average volume of 972,158. The firm has a market cap of $12.42 billion, a P/E ratio of 8.26, a P/E/G ratio of 1.00 and a beta of 1.74. Toll Brothers has a 1-year low of $95.46 and a 1-year high of $169.52. The firm’s fifty day moving average price is $144.63 and its 200-day moving average price is $140.42. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92.

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

Insider Activity

In other news, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the transaction, the director now owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the 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 of the company’s stock, valued at $35,029,273.86. This represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,202 shares of company stock worth $5,903,186 over the last ninety days. Insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

A number of hedge funds have recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in Toll Brothers in the third quarter worth approximately $27,000. Brooklyn Investment Group bought a new position in shares of Toll Brothers during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC boosted its position in Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after purchasing an additional 207 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Toll Brothers by 111.4% during the 3rd quarter. Blue Trust Inc. now owns 353 shares of the construction company’s stock valued at $55,000 after buying an additional 186 shares during the last quarter. 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.