Citigroup Lowers Toll Brothers (NYSE:TOL) Price Target to $137.00

Toll Brothers (NYSE:TOL) had its price target decreased by Citigroup from $155.00 to $137.00 in a research note released on Monday morning,Benzinga reports. Citigroup currently has a neutral rating on the construction company’s stock.

Several other equities analysts have also recently issued reports on TOL. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday, December 11th. Oppenheimer reissued an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a research report on Thursday, December 12th. Bank of America lifted their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Royal Bank of Canada lifted their target price on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $168.00 to $164.00 in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus target price of $158.07.

Toll Brothers Trading Up 2.5 %

Toll Brothers stock opened at $126.93 on Monday. The firm’s 50-day moving average is $144.63 and its 200-day moving average is $140.42. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92. Toll Brothers has a 1 year low of $95.46 and a 1 year high of $169.52. The company has a market cap of $12.70 billion, a P/E ratio of 8.45, a PEG ratio of 1.00 and a beta of 1.74.

Toll Brothers (NYSE:TOL) last released its earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.34 by $0.29. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. Toll Brothers’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $4.11 EPS. On average, equities analysts expect that Toll Brothers will post 14.57 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Friday, January 10th. Toll Brothers’s payout ratio is 6.12%.

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 204 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the sale, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the completion of the sale, the chief executive officer now owns 221,382 shares of the company’s stock, valued at $35,029,273.86. The trade was a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,202 shares of company stock worth $5,903,186. 1.54% of the stock is owned by insiders.

Hedge Funds Weigh In On Toll Brothers

Several large investors have recently bought and sold shares of TOL. Allspring Global Investments Holdings LLC raised its stake in Toll Brothers by 202.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock valued at $38,000 after purchasing an additional 223 shares during the last quarter. Natixis Advisors LLC raised its stake in Toll Brothers by 21.5% during the 2nd quarter. Natixis Advisors LLC now owns 22,955 shares of the construction company’s stock valued at $2,644,000 after purchasing an additional 4,065 shares during the last quarter. National Bank of Canada FI raised its stake in Toll Brothers by 1.7% during the 2nd quarter. National Bank of Canada FI now owns 41,232 shares of the construction company’s stock valued at $4,625,000 after purchasing an additional 680 shares during the last quarter. Arizona State Retirement System raised its stake in Toll Brothers by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 29,163 shares of the construction company’s stock valued at $3,359,000 after purchasing an additional 551 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in Toll Brothers by 0.7% during the 2nd quarter. Private Advisor Group LLC now owns 26,050 shares of the construction company’s stock valued at $3,000,000 after purchasing an additional 180 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

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.