Wells Fargo & Company Cuts Toll Brothers (NYSE:TOL) Price Target to $150.00

Toll Brothers (NYSE:TOL) had its price target lowered by equities research analysts at Wells Fargo & Company from $170.00 to $150.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 30.57% from the company’s previous close.

Several other research analysts have also weighed in on TOL. Bank of America decreased their price objective on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a report on Thursday. Royal Bank of Canada lowered shares of Toll Brothers to an “outperform” rating and set a $142.00 price objective for the company. in a report on Friday, January 10th. Citigroup decreased their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Finally, Barclays reduced their price target on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. One equities 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.86.

Toll Brothers Price Performance

TOL opened at $114.88 on Thursday. The company has a fifty day simple moving average of $129.49 and a 200 day simple moving average of $141.58. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 1.05 and a beta of 1.76. Toll Brothers has a twelve month low of $100.47 and a twelve month high of $169.52. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a return on equity of 18.52% and a net margin of 14.03%. Equities research analysts expect that Toll Brothers will post 14.15 EPS for the current fiscal year.

Insider Activity at Toll Brothers

In related news, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction dated 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 in the company, valued at $972,027.84. This trade represents a 2.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now 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 disclosure for this sale can be found here. Insiders have sold a total of 15,202 shares of company stock worth $1,947,436 in the last ninety days. 1.54% of the stock is owned by insiders.

Institutional Trading of Toll Brothers

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fiduciary Alliance LLC bought a new stake in shares of Toll Brothers during the 4th quarter worth about $1,117,000. Franklin Resources Inc. raised its position in shares of Toll Brothers by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock worth $27,659,000 after buying an additional 9,195 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Toll Brothers during the 3rd quarter worth about $12,506,000. Chartwell Investment Partners LLC grew its stake in shares of Toll Brothers by 66.5% in the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock worth $5,453,000 after purchasing an additional 14,092 shares during the last quarter. Finally, Avior Wealth Management LLC grew its stake in shares of Toll Brothers by 4,894.1% in the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after purchasing an additional 3,328 shares during the last quarter. 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.