UBS Group Has Lowered Expectations for Toll Brothers (NYSE:TOL) Stock Price

Toll Brothers (NYSE:TOL) had its price objective trimmed by UBS Group from $185.00 to $183.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

TOL has been the topic of several other research reports. Barclays dropped their target price 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. JPMorgan Chase & Co. restated a “neutral” rating and issued a $150.00 price target (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and set a $189.00 price objective on shares of Toll Brothers in a research report on Thursday, December 12th. Evercore ISI raised their target price on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Bank of America cut their price target on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and an average price target of $150.86.

Toll Brothers Stock Up 0.2 %

TOL stock opened at $115.16 on Thursday. The stock has a market capitalization of $11.50 billion, a P/E ratio of 7.93, a P/E/G ratio of 0.99 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 has a 1-year low of $106.95 and a 1-year high of $169.52. The business has a fifty day moving average price of $129.02 and a 200-day moving average price of $141.40.

Toll Brothers (NYSE:TOL) last issued 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 business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. Equities analysts forecast that Toll Brothers will post 14.15 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a dividend of $0.23 per share. 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 (DPR) is 6.33%.

Insider Buying and Selling

In other news, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction that occurred 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 sale, the director now owns 7,728 shares in the company, valued at $972,027.84. This trade represents a 2.57 % 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, 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 transaction of $1,404,419.80. Following the completion of the sale, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,202 shares of company stock valued at $1,947,436. Company insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

A number of large investors have recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new position in shares of Toll Brothers in the 3rd quarter valued at about $27,000. Brooklyn Investment Group bought a new position in shares of Toll Brothers in the third quarter worth about $27,000. Larson Financial Group LLC grew its stake in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares in the last quarter. ORG Partners LLC purchased a new position in shares of Toll Brothers during the fourth quarter worth approximately $25,000. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Toll Brothers in the fourth quarter valued at approximately $27,000. 91.76% of the stock is currently owned by 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.