Barclays Cuts Toll Brothers (NYSE:TOL) Price Target to $115.00

Toll Brothers (NYSE:TOL) had its price target cut by equities research analysts at Barclays from $135.00 to $115.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the construction company’s stock. Barclays‘s target price suggests a potential downside of 13.93% from the company’s current price.

A number of other research analysts also recently commented on the company. Evercore ISI upped their price objective on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a report on Wednesday, December 11th. Keefe, Bruyette & Woods downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $168.00 to $164.00 in a research report on Tuesday, December 10th. Citigroup decreased their target price on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, Bank of America lifted their price target on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $156.64.

Toll Brothers Stock Performance

Shares of NYSE:TOL traded down $0.62 on Thursday, reaching $133.62. 428,834 shares of the company’s stock were exchanged, compared to its average volume of 1,318,872. Toll Brothers has a fifty-two week low of $95.46 and a fifty-two week high of $169.52. The business’s 50-day moving average is $142.11 and its two-hundred day moving average is $140.75. The company has a quick ratio of 0.80, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 0.94 and a beta of 1.74.

Toll Brothers (NYSE:TOL) last issued its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $4.11 earnings per share. As a group, equities research analysts forecast that Toll Brothers will post 14.25 EPS for the current year.

Insiders Place Their Bets

In other Toll Brothers news, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction that occurred 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 transaction, the director now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the sale, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,202 shares of company stock worth $1,947,436. 1.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Toll Brothers

Institutional investors have recently bought and sold shares of the stock. ORG Partners LLC acquired a new position in shares of Toll Brothers in the fourth quarter worth about $25,000. Capital Performance Advisors LLP purchased a new position in Toll Brothers during the 3rd quarter worth approximately $27,000. Brooklyn Investment Group acquired a new stake in Toll Brothers during the 3rd quarter valued at $27,000. Larson Financial Group LLC boosted its position 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 buying an additional 66 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of Toll Brothers by 323.4% during the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after buying an additional 207 shares in the last quarter. Hedge funds and other 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.