Oppenheimer Cuts Toll Brothers (NYSE:TOL) Price Target to $155.00

Toll Brothers (NYSE:TOL) had its price target trimmed by Oppenheimer from $165.00 to $155.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the construction company’s stock.

Several other analysts also recently issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of 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. Royal Bank of Canada cut their target price on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. StockNews.com raised shares of Toll Brothers from a “sell” rating to a “hold” rating in a research note on Wednesday. The Goldman Sachs Group dropped their price target on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Finally, Wells Fargo & Company dropped their price target on shares of Toll Brothers from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.64.

Toll Brothers Price Performance

NYSE TOL opened at $107.01 on Thursday. The business’s fifty day moving average is $101.56 and its two-hundred day moving average is $123.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers has a 1 year low of $86.67 and a 1 year high of $169.52. The stock has a market capitalization of $10.69 billion, a P/E ratio of 7.36, a P/E/G ratio of 1.02 and a beta of 1.45.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.91 billion. On average, research analysts forecast that Toll Brothers will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.93%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, April 11th. Toll Brothers’s dividend payout ratio is presently 6.88%.

Insiders Place Their Bets

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the 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 transaction, the director now directly owns 13,186 shares of the company’s stock, valued at $1,458,107.88. This represents a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

Hedge funds have recently bought and sold shares of the business. Woodline Partners LP boosted its holdings in Toll Brothers by 32.6% during the first quarter. Woodline Partners LP now owns 160,770 shares of the construction company’s stock valued at $16,976,000 after acquiring an additional 39,486 shares during the period. Zimmer Partners LP boosted its holdings in Toll Brothers by 43.6% during the first quarter. Zimmer Partners LP now owns 143,550 shares of the construction company’s stock valued at $15,157,000 after acquiring an additional 43,550 shares during the period. United Services Automobile Association bought a new stake in Toll Brothers during the first quarter valued at about $685,000. Caxton Associates LLP bought a new stake in Toll Brothers during the first quarter valued at about $1,961,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Toll Brothers by 6.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,091,176 shares of the construction company’s stock valued at $115,217,000 after acquiring an additional 67,156 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.