Toll Brothers (NYSE:TOL) Price Target Lowered to $120.00 at Wells Fargo & Company

Toll Brothers (NYSE:TOL) had its target price reduced by equities researchers at Wells Fargo & Company from $150.00 to $120.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 27.44% from the company’s current price.

TOL has been the topic of several other reports. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. StockNews.com raised Toll Brothers from a “sell” rating to a “hold” rating in a research report on Saturday, April 5th. Keefe, Bruyette & Woods reduced their price objective on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research report on Tuesday, February 25th. Royal Bank of Canada dropped their target price on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, Barclays decreased their price objective on shares of Toll Brothers from $101.00 to $92.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $144.79.

Toll Brothers Stock Performance

TOL traded up $0.54 during trading on Monday, reaching $94.16. 81,447 shares of the company were exchanged, compared to its average volume of 1,527,719. Toll Brothers has a 52 week low of $86.67 and a 52 week high of $169.52. The stock has a market cap of $9.41 billion, a P/E ratio of 6.48, a PEG ratio of 1.02 and a beta of 1.48. 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 firm has a 50 day moving average of $109.66 and a 200 day moving average of $132.08.

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). The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. On average, sell-side analysts forecast that Toll Brothers will post 13.83 EPS for the current fiscal year.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the sale, the director now directly owns 13,186 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.54% of the stock is owned by company insiders.

Institutional Trading of Toll Brothers

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fiduciary Alliance LLC purchased a new position in shares of Toll Brothers in the fourth quarter valued at approximately $1,117,000. Franklin Resources Inc. lifted its stake in shares of Toll Brothers by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock valued at $27,659,000 after purchasing an additional 9,195 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Toll Brothers in the third quarter worth $12,506,000. Jennison Associates LLC grew its stake in Toll Brothers by 38.7% during the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after purchasing an additional 341,980 shares in the last quarter. Finally, Lecap Asset Management Ltd. increased its stake in shares of Toll Brothers by 721.8% during the fourth quarter. Lecap Asset Management Ltd. now owns 16,567 shares of the construction company’s stock worth $2,087,000 after buying an additional 14,551 shares during the period. 91.76% of the stock is 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.