Barclays Lowers Toll Brothers (NYSE:TOL) Price Target to $101.00

Toll Brothers (NYSE:TOL) had its price target cut by stock analysts at Barclays from $115.00 to $101.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “underweight” rating on the construction company’s stock. Barclays‘s price target would indicate a potential downside of 8.66% from the stock’s current price.

Other research analysts have also issued reports about the stock. Oppenheimer lowered their price objective on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Bank of America lowered their price target on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. UBS Group reduced their target price on Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company decreased their target price on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Finally, Royal Bank of Canada reduced their price objective on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $147.57.

Toll Brothers Price Performance

NYSE:TOL opened at $110.58 on Tuesday. The stock’s 50-day simple moving average is $128.09 and its 200 day simple moving average is $141.38. Toll Brothers has a 52-week low of $108.86 and a 52-week high of $169.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The company has a market cap of $11.05 billion, a P/E ratio of 7.61, a P/E/G ratio of 1.02 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data 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 the consensus estimate of $1.91 billion. As a group, sell-side analysts forecast that Toll Brothers will post 13.83 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Martin P. Connor sold 11,140 shares of the company’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 sale, the chief financial officer now owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, 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 ownership of the stock. 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. 1.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On Toll Brothers

A number of institutional investors have recently modified their holdings of TOL. Norges Bank acquired a new position in Toll Brothers during the fourth quarter worth about $149,924,000. Balyasny Asset Management L.P. grew its position in Toll Brothers by 24,475.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company’s stock worth $140,400,000 after acquiring an additional 1,110,192 shares during the last quarter. FMR LLC increased its stake in shares of Toll Brothers by 97.7% in the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after buying an additional 1,046,758 shares during the period. D1 Capital Partners L.P. bought a new position in shares of Toll Brothers during the fourth quarter valued at $106,428,000. Finally, Westfield Capital Management Co. LP acquired a new stake in Toll Brothers in the third quarter valued at $111,562,000. 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.