Citigroup Issues Pessimistic Forecast for Toll Brothers (NYSE:TOL) Stock Price

Toll Brothers (NYSE:TOL - Get Free Report) had its price target lowered by equities researchers at Citigroup from $155.00 to $137.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the construction company's stock. Citigroup's target price would suggest a potential upside of 8.76% from the stock's current price.

Other analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Toll Brothers from a "buy" rating to a "hold" rating in a report on Wednesday, September 11th. Bank of America increased their price target on Toll Brothers from $160.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, September 19th. Royal Bank of Canada lifted their price objective on Toll Brothers from $143.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Keefe, Bruyette & Woods downgraded Toll Brothers from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $168.00 to $164.00 in a report on Tuesday, December 10th. Finally, Evercore ISI boosted their price target on Toll Brothers from $181.00 to $184.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers has a consensus rating of "Moderate Buy" and a consensus price target of $153.33.

Toll Brothers Stock Down 0.2 %

Shares of NYSE TOL traded down $0.26 during midday trading on Monday, hitting $125.97. The stock had a trading volume of 1,149,636 shares, compared to its average volume of 1,134,743. The company has a market cap of $12.60 billion, a P/E ratio of 8.38, a PEG ratio of 1.00 and a beta of 1.74. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The business's 50 day moving average is $145.59 and its 200-day moving average is $140.30. Toll Brothers has a 52 week low of $95.46 and a 52 week high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.34 by $0.29. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company's revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $4.11 EPS. As a group, analysts predict that Toll Brothers will post 14.57 EPS for the current year.

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the sale, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the transaction, the chief executive officer now directly owns 221,382 shares of the company's stock, valued at $35,029,273.86. This trade represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,202 shares of company stock worth $5,903,186 in the last three months. 1.54% of the stock is owned by company insiders.

Institutional Trading of Toll Brothers

Hedge funds have recently modified their holdings of the company. Larson Financial Group LLC increased its position in Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock worth $28,000 after purchasing an additional 66 shares during the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of Toll Brothers by 1.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company's stock worth $786,000 after buying an additional 72 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Toll Brothers by 3.7% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company's stock valued at $363,000 after buying an additional 83 shares in the last quarter. Clifford Swan Investment Counsel LLC lifted its holdings in shares of Toll Brothers by 5.1% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company's stock valued at $212,000 after acquiring an additional 89 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Toll Brothers by 15.1% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the construction company's stock worth $88,000 after acquiring an additional 92 shares in the last quarter. 91.76% of the stock is 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.