Toll Brothers (NYSE:TOL) Given New $101.00 Price Target at Barclays

Toll Brothers (NYSE:TOL) had its price target reduced by analysts at Barclays from $115.00 to $101.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the construction company’s stock. Barclays‘s target price indicates a potential downside of 10.26% from the company’s previous close.

A number of other analysts have also recently weighed in on TOL. The Goldman Sachs Group cut their price target on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $168.00 to $164.00 in a research report on Tuesday, December 10th. Bank of America cut their target price on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Citigroup cut their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Oppenheimer cut their target price on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $147.57.

Toll Brothers Stock Down 1.8 %

Toll Brothers stock opened at $112.55 on Tuesday. Toll Brothers has a 1-year low of $108.86 and a 1-year high of $169.52. 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 market cap of $11.24 billion, a PE ratio of 7.75, a P/E/G ratio of 1.02 and a beta of 1.76. The stock’s fifty day moving average is $127.73 and its two-hundred day moving average is $141.29.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results 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 analyst estimates of $1.91 billion. On average, sell-side analysts expect that Toll Brothers will post 13.83 EPS for the current fiscal year.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the sale, the director now owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. The trade was a 2.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction that occurred on 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 sale, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. This represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,622 shares of company stock valued at $1,993,880. 1.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Toll Brothers

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new stake in shares of Toll Brothers during the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new stake in shares of Toll Brothers during the 3rd quarter valued at approximately $27,000. Larson Financial Group LLC lifted its position in shares of Toll Brothers by 57.9% during 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. ORG Partners LLC acquired a new stake in shares of Toll Brothers during the 4th quarter valued at approximately $25,000. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Toll Brothers during the 4th quarter valued at approximately $27,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

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.