Toll Brothers (NYSE:TOL) Price Target Lowered to $116.00 at Barclays

Toll Brothers (NYSE:TOL) had its price objective cut by analysts at Barclays from $118.00 to $116.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “underweight” rating on the construction company’s stock. Barclays‘s target price would suggest a potential downside of 6.65% from the stock’s current price.

A number of other research firms have also commented on TOL. Wedbush reissued a “neutral” rating and issued a $105.00 price target on shares of Toll Brothers in a research report on Wednesday, May 22nd. Wells Fargo & Company boosted their target price on shares of Toll Brothers from $142.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Oppenheimer lifted their price objective on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Argus increased their target price on Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Finally, Keefe, Bruyette & Woods lifted their price target on Toll Brothers from $135.00 to $142.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

Toll Brothers Stock Up 2.3 %

TOL traded up $2.79 during midday trading on Friday, hitting $124.26. 728,687 shares of the company’s stock traded hands, compared to its average volume of 1,380,796. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69. The company has a market cap of $12.76 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 0.92 and a beta of 1.67. The stock’s fifty day simple moving average is $120.05 and its 200-day simple moving average is $114.37. Toll Brothers has a one year low of $68.08 and a one year high of $135.37.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.13 by ($0.75). Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the previous year, the firm posted $2.85 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, equities analysts anticipate that Toll Brothers will post 12.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the sale, the director now directly owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Martin P. Connor sold 16,194 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $118.74, for a total value of $1,922,875.56. Following the sale, the chief financial officer now directly owns 28,527 shares in the company, valued at approximately $3,387,295.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the transaction, the director now owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,670 shares of company stock valued at $2,586,315. 1.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Toll Brothers

Hedge funds have recently added to or reduced their stakes in the business. Hilltop National Bank boosted its holdings in shares of Toll Brothers by 20.5% in the second quarter. Hilltop National Bank now owns 6,482 shares of the construction company’s stock valued at $747,000 after buying an additional 1,103 shares during the period. Kingswood Wealth Advisors LLC grew its position in Toll Brothers by 80.1% in the second quarter. Kingswood Wealth Advisors LLC now owns 4,852 shares of the construction company’s stock valued at $559,000 after purchasing an additional 2,158 shares in the last quarter. Versant Capital Management Inc lifted its position in Toll Brothers by 3,758.8% during the 2nd quarter. Versant Capital Management Inc now owns 656 shares of the construction company’s stock worth $76,000 after buying an additional 639 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Toll Brothers during the 2nd quarter worth about $29,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of Toll Brothers by 114.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after acquiring an additional 142 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

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.