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

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

Several other research firms also recently commented on TOL. Bank of America boosted their target price on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Wedbush reiterated an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research note on Wednesday, December 11th. Royal Bank of Canada raised 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. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Finally, Wells Fargo & Company raised their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $155.40.

Toll Brothers Trading Up 0.2 %

TOL stock traded up $0.28 during trading on Wednesday, reaching $124.14. The company had a trading volume of 167,099 shares, compared to its average volume of 972,158. The business has a 50 day moving average of $144.63 and a 200 day moving average of $140.42. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57. The company has a market cap of $12.42 billion, a P/E ratio of 8.26, a PEG ratio of 1.00 and a beta of 1.74. Toll Brothers has a 52 week low of $95.46 and a 52 week high of $169.52.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.29. The company 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 was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.11 earnings per share. As a group, sell-side analysts forecast that Toll Brothers will post 14.57 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the sale, the director now owns 119,937 shares of the company’s stock, valued at $16,088,349.18. The trade was a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was 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 directly owns 221,382 shares in the company, valued at approximately $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 sold 40,202 shares of company stock valued at $5,903,186 in the last quarter. 1.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Toll Brothers

Several large investors have recently added to or reduced their stakes in TOL. Larson Financial Group LLC increased its stake in shares of 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 in the last quarter. First Trust Direct Indexing L.P. increased its stake in Toll Brothers by 1.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock worth $786,000 after buying an additional 72 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in Toll Brothers by 3.7% during the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock valued at $363,000 after acquiring an additional 83 shares during the period. Versant Capital Management Inc lifted its position in shares of Toll Brothers by 15.1% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock valued at $88,000 after acquiring an additional 92 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in shares of Toll Brothers by 4.1% in the second quarter. Evergreen Capital Management LLC now owns 2,749 shares of the construction company’s stock worth $317,000 after acquiring an additional 109 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

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.