Barclays Lowers Toll Brothers (NYSE:TOL) Price Target to $101.00

Toll Brothers (NYSE:TOL) had its price target decreased by research analysts at Barclays from $115.00 to $101.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “underweight” rating on the construction company’s stock. Barclays‘s price target would indicate a potential downside of 10.26% from the stock’s current price.

A number of other equities analysts have also recently commented on TOL. Royal Bank of Canada reduced their target price on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Evercore ISI upped their price target on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. 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, February 20th. Oppenheimer dropped their price target on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, Bank of America dropped their price target on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.57.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $112.55 on Tuesday. The business has a 50 day simple moving average of $127.73 and a two-hundred day simple moving average of $141.29. Toll Brothers has a 12 month low of $108.86 and a 12 month high of $169.52. The stock has a market capitalization of $11.24 billion, a P/E ratio of 7.75, a PEG ratio of 1.02 and a beta of 1.76. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. As a group, analysts predict that Toll Brothers will post 13.83 EPS for the current fiscal year.

Insider Buying and Selling

In other news, 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 completion of the transaction, the chief financial officer now directly owns 20,618 shares in the company, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was 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 of the company’s stock, valued at approximately $972,027.84. This represents 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 sold 15,622 shares of company stock worth $1,993,880. Company insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TOL. Creative Planning boosted its position in shares of Toll Brothers by 11.5% during the third quarter. Creative Planning now owns 10,323 shares of the construction company’s stock worth $1,595,000 after buying an additional 1,063 shares during the period. Blue Trust Inc. raised its stake in shares of Toll Brothers by 111.4% in the third quarter. Blue Trust Inc. now owns 353 shares of the construction company’s stock valued at $55,000 after acquiring an additional 186 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Toll Brothers by 74.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 582 shares of the construction company’s stock valued at $90,000 after acquiring an additional 249 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Toll Brothers by 15.0% in the third quarter. Sequoia Financial Advisors LLC now owns 2,154 shares of the construction company’s stock valued at $333,000 after acquiring an additional 281 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Toll Brothers by 62,605.9% in the third quarter. International Assets Investment Management LLC now owns 10,660 shares of the construction company’s stock valued at $1,647,000 after acquiring an additional 10,643 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

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.