Toll Brothers (NYSE:TOL) Price Target Cut to $140.00 by Analysts at Bank of America

Toll Brothers (NYSE:TOL) had its price target trimmed by Bank of America from $156.00 to $140.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

TOL has been the topic of several other reports. Citigroup cut their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada lowered shares of Toll Brothers to an “outperform” rating and set a $142.00 price objective on the stock. in a report on Friday, January 10th. Keefe, Bruyette & Woods lowered 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 report on Tuesday, December 10th. Wedbush restated an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a report on Friday, February 14th. Finally, Barclays cut their price objective on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus target price of $150.86.

Toll Brothers Price Performance

Shares of TOL stock opened at $115.16 on Thursday. Toll Brothers has a 1 year low of $106.95 and a 1 year high of $169.52. The firm’s 50 day moving average is $129.02 and its 200-day moving average is $141.40. The firm has a market capitalization 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 company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL) last announced its 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). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Sell-side analysts forecast that Toll Brothers will post 14.15 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend 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 6.33%.

Insider Transactions at Toll Brothers

In related news, 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 transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christine Garvey sold 204 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 15,202 shares of company stock valued at $1,947,436 over the last quarter. Corporate insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

Large investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in Toll Brothers in the third quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in shares of Toll Brothers during the 3rd quarter worth about $27,000. Larson Financial Group LLC lifted its stake 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 worth $28,000 after buying an additional 66 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of Toll Brothers during the 4th quarter worth about $25,000. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Toll Brothers during the 4th quarter worth about $27,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

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.