Toll Brothers (NYSE:TOL) Price Target Cut to $183.00 by Analysts at UBS Group

Toll Brothers (NYSE:TOL) had its price objective lowered by research analysts at UBS Group from $185.00 to $183.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. UBS Group’s target price would suggest a potential upside of 60.20% from the company’s current price.

A number of other brokerages also recently issued reports on TOL. Barclays dropped their price target on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company dropped their price target on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday. Oppenheimer reiterated an “outperform” rating and set a $189.00 price target on shares of Toll Brothers in a research report on Thursday, December 12th. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Bank of America dropped their target price on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $152.71.

Toll Brothers Price Performance

TOL stock traded down $0.65 during mid-day trading on Thursday, reaching $114.23. 353,536 shares of the company traded hands, compared to its average volume of 1,689,990. 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 market capitalization of $11.41 billion, a P/E ratio of 7.86, a P/E/G ratio of 1.05 and a beta of 1.76. Toll Brothers has a 52-week low of $106.95 and a 52-week high of $169.52. The company has a fifty day moving average price of $129.49 and a 200-day moving average price of $141.58.

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

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction on Monday, December 30th. The stock was 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 directly owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christine Garvey sold 204 shares of the company’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 transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 15,202 shares of company stock valued at $1,947,436. 1.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Toronto Dominion Bank lifted its holdings in shares of Toll Brothers by 60.2% during the fourth quarter. Toronto Dominion Bank now owns 5,122 shares of the construction company’s stock valued at $645,000 after purchasing an additional 1,925 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Toll Brothers during the fourth quarter valued at $1,795,000. GTS Securities LLC lifted its holdings in shares of Toll Brothers by 384.2% during the fourth quarter. GTS Securities LLC now owns 3,064 shares of the construction company’s stock valued at $386,000 after purchasing an additional 4,142 shares in the last quarter. Vise Technologies Inc. lifted its holdings in shares of Toll Brothers by 18.8% during the fourth quarter. Vise Technologies Inc. now owns 1,773 shares of the construction company’s stock valued at $223,000 after purchasing an additional 280 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Toll Brothers by 10.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 279,070 shares of the construction company’s stock valued at $35,149,000 after purchasing an additional 25,724 shares in the last quarter. 91.76% of the stock is 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.