Toll Brothers (NYSE:TOL) Price Target Cut to $125.00 by Analysts at The Goldman Sachs Group

Toll Brothers (NYSE:TOL) had its target price decreased by The Goldman Sachs Group from $143.00 to $125.00 in a research note issued to investors on Thursday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the construction company’s stock.

TOL has been the topic of a number of other reports. Barclays lowered 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. Keefe, Bruyette & Woods lowered Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $168.00 to $164.00 in a research report on Tuesday, December 10th. Royal Bank of Canada reduced their price objective on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. restated a “neutral” rating and issued a $150.00 target price (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Finally, Wells Fargo & Company cut their target price on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.86.

Toll Brothers Trading Up 0.2 %

Toll Brothers stock opened at $115.16 on Thursday. The firm has a market cap of $11.50 billion, a PE ratio of 7.93, a P/E/G ratio of 0.99 and a beta of 1.76. Toll Brothers has a 12 month low of $106.95 and a 12 month high of $169.52. The stock’s 50 day simple moving average is $129.02 and its two-hundred day simple moving average is $141.40. 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 issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). The firm had revenue of $1.86 billion for 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%. Analysts anticipate that Toll Brothers will post 14.15 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers’s payout ratio is 6.33%.

Insiders Place Their Bets

In other news, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the sale, the director now owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction that occurred 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 directly owns 20,618 shares of the company’s stock, 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. Insiders have sold 15,202 shares of company stock worth $1,947,436 over the last ninety days. Corporate insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Hedge funds have recently added to or reduced their stakes in the business. State Street Corp increased its position in shares of Toll Brothers by 1.2% during the third quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock worth $565,802,000 after acquiring an additional 42,871 shares during the period. FMR LLC increased its holdings in Toll Brothers by 19.4% during the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company’s stock worth $318,509,000 after purchasing an additional 410,394 shares during the period. Geode Capital Management LLC raised its position in Toll Brothers by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company’s stock valued at $276,263,000 after purchasing an additional 35,001 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Toll Brothers by 14.2% in the 4th quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company’s stock valued at $239,751,000 after buying an additional 236,402 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of Toll Brothers by 38.7% in the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock valued at $154,449,000 after buying an additional 341,980 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

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.