Toll Brothers (NYSE:TOL) Given New $165.00 Price Target at Oppenheimer

Toll Brothers (NYSE:TOL) had its target price decreased by Oppenheimer from $189.00 to $165.00 in a report published on Thursday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the construction company’s stock.

Several other research firms have also commented on TOL. Royal Bank of Canada reduced their price target on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday. Wells Fargo & Company reduced their target price on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday. The Goldman Sachs Group lowered their price target on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday. Barclays reduced their price objective on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Finally, Keefe, Bruyette & Woods downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $150.86.

Toll Brothers Stock Up 0.2 %

Shares of Toll Brothers stock opened at $115.16 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The stock has a market cap of $11.50 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 0.99 and a beta of 1.76. The firm’s 50-day moving average is $129.02 and its two-hundred day moving average is $141.40. Toll Brothers has a 1 year low of $106.95 and a 1 year high of $169.52.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data 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 18.32%. As a group, research analysts expect that Toll Brothers will post 14.15 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers’s dividend payout ratio is presently 6.33%.

Insider Transactions at Toll Brothers

In other news, 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 sale, the director now directly owns 7,728 shares of the company’s stock, valued at $972,027.84. This represents a 2.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was 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 of the company’s stock, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,202 shares of company stock worth $1,947,436 over the last three months. 1.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Toll Brothers

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Toll Brothers in the fourth quarter worth about $149,924,000. Balyasny Asset Management L.P. lifted its holdings in Toll Brothers by 24,475.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company’s stock valued at $140,400,000 after acquiring an additional 1,110,192 shares during the period. FMR LLC boosted its position in Toll Brothers by 97.7% in the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after purchasing an additional 1,046,758 shares in the last quarter. D1 Capital Partners L.P. acquired a new stake in shares of Toll Brothers during the 4th quarter worth approximately $106,428,000. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Toll Brothers during the 3rd quarter valued at approximately $111,562,000. 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.