Royal Bank of Canada Has Lowered Expectations for Toll Brothers (NYSE:TOL) Stock Price

Toll Brothers (NYSE:TOL) had its price objective cut by equities research analysts at Royal Bank of Canada from $142.00 to $139.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 21.62% from the company’s previous close.

Several other equities research analysts have also commented on the stock. Barclays dropped their price objective on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Evercore ISI boosted their target price on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Oppenheimer reissued an “outperform” rating and set a $189.00 price objective on shares of Toll Brothers in a research report on Thursday, December 12th. Finally, Wells Fargo & Company decreased their price objective on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.50.

Toll Brothers Trading Down 0.5 %

Toll Brothers stock traded down $0.59 during trading hours on Thursday, reaching $114.29. The company had a trading volume of 673,559 shares, compared to its average volume of 1,701,316. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 7.88, a P/E/G ratio of 1.05 and a beta of 1.76. Toll Brothers has a 12-month low of $106.95 and a 12-month high of $169.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. The company has a 50-day moving average price of $129.49 and a 200 day moving average price of $141.58.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a return on equity of 18.52% and a net margin of 14.03%. Equities analysts forecast that Toll Brothers will post 14.15 earnings per share for the current year.

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the transaction, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christine Garvey sold 204 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the transaction, the director now owns 7,728 shares in the company, valued at $972,027.84. This represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,202 shares of company stock worth $1,947,436 in the last three months. Insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

Several institutional investors and hedge funds have recently made changes to their positions in TOL. Capital Performance Advisors LLP purchased a new position in Toll Brothers during the 3rd quarter valued at about $27,000. Brooklyn Investment Group purchased a new position in Toll Brothers in the third quarter worth $27,000. Larson Financial Group LLC lifted its holdings in shares of Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares during the last quarter. ORG Partners LLC purchased a new position in Toll Brothers during the 4th quarter worth $25,000. Finally, Lee Danner & Bass Inc. acquired a new stake in Toll Brothers in the fourth quarter worth about $27,000. 91.76% of the stock is currently owned by institutional investors.

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.