Toll Brothers (NYSE:TOL) Price Target Cut to $92.00 by Analysts at Barclays

Toll Brothers (NYSE:TOL - Free Report) had its target price cut by Barclays from $101.00 to $92.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an underweight rating on the construction company's stock.

A number of other brokerages have also weighed in on TOL. Evercore ISI increased their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. The Goldman Sachs Group cut their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. UBS Group lowered their target price on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Wedbush reaffirmed an "outperform" rating and issued a $175.00 price target on shares of Toll Brothers in a report on Friday, February 14th. Finally, Seaport Res Ptn upgraded Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $146.93.

Remove Ads

Toll Brothers Stock Performance

Shares of NYSE:TOL traded up $0.70 during mid-day trading on Tuesday, reaching $93.44. The company had a trading volume of 1,869,655 shares, compared to its average volume of 1,531,117. Toll Brothers has a one year low of $86.67 and a one year high of $169.52. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The company's 50-day moving average price is $109.66 and its 200-day moving average price is $132.21. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 6.43, a PEG ratio of 1.02 and a beta of 1.48.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. As a group, equities research analysts anticipate that Toll Brothers will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.25 dividend. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Friday, April 11th. Toll Brothers's dividend payout ratio (DPR) is currently 6.88%.

Insider Buying and Selling at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the transaction, the director now owns 13,186 shares of the company's stock, valued at $1,458,107.88. This represents a 3.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TOL. Sovereign Financial Group Inc. raised its position in Toll Brothers by 20.6% during the first quarter. Sovereign Financial Group Inc. now owns 2,770 shares of the construction company's stock valued at $292,000 after purchasing an additional 474 shares in the last quarter. Curat Global LLC bought a new stake in Toll Brothers in the 1st quarter worth approximately $84,000. Vest Financial LLC boosted its stake in Toll Brothers by 26.4% in the first quarter. Vest Financial LLC now owns 24,708 shares of the construction company's stock worth $2,609,000 after buying an additional 5,158 shares in the last quarter. Annex Advisory Services LLC grew its position in Toll Brothers by 1.2% during the first quarter. Annex Advisory Services LLC now owns 47,137 shares of the construction company's stock valued at $4,977,000 after acquiring an additional 573 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Toll Brothers by 239.2% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 943 shares of the construction company's stock worth $100,000 after acquiring an additional 665 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

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.