Barclays Has Lowered Expectations for Toll Brothers (NYSE:TOL) Stock Price

Toll Brothers (NYSE:TOL) had its price target lowered by research analysts at Barclays from $101.00 to $92.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the construction company’s stock. Barclays‘s target price suggests a potential downside of 0.76% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. Wells Fargo & Company dropped their price objective on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. UBS Group reduced their price target on Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Keefe, Bruyette & Woods dropped their price target on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 25th. Evercore ISI raised their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and an average price target of $146.93.

Toll Brothers Stock Performance

TOL stock traded down $1.82 during midday trading on Tuesday, hitting $92.70. The stock had a trading volume of 1,384,457 shares, compared to its average volume of 1,493,112. Toll Brothers has a 52 week low of $92.33 and a 52 week high of $169.52. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The stock has a 50-day simple moving average of $114.77 and a 200 day simple moving average of $134.41. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 6.37, a P/E/G ratio of 1.02 and a beta of 1.48.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (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 firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. As a group, equities research analysts anticipate that Toll Brothers will post 13.83 earnings per share for the current year.

Insider Buying and Selling at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the transaction, the director now owns 13,186 shares of the company’s stock, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Several institutional investors and hedge funds have recently made changes to their positions in TOL. ORG Partners LLC acquired a new stake in shares of Toll Brothers during the 4th quarter worth approximately $25,000. Lee Danner & Bass Inc. acquired a new position in Toll Brothers during the fourth quarter worth $27,000. Promus Capital LLC bought a new position in shares of Toll Brothers in the fourth quarter valued at $29,000. IAG Wealth Partners LLC increased its position in shares of Toll Brothers by 1,034.8% during the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock worth $33,000 after acquiring an additional 238 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. increased its position in shares of Toll Brothers by 806.5% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock worth $35,000 after acquiring an additional 250 shares in 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.