Keefe, Bruyette & Woods Cuts Toll Brothers (NYSE:TOL) Price Target to $132.00

Toll Brothers (NYSE:TOL - Get Free Report) had its price objective decreased by Keefe, Bruyette & Woods from $164.00 to $132.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "market perform" rating on the construction company's stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 19.37% from the stock's current price.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $150.00 target price (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Oppenheimer dropped their price target on shares of Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Evercore ISI upped their price objective on Toll Brothers from $181.00 to $184.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Citigroup cut their target price on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Finally, The Goldman Sachs Group decreased their price target on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.57.

Toll Brothers Stock Performance

NYSE TOL opened at $110.58 on Tuesday. 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 has a twelve month low of $108.86 and a twelve month high of $169.52. The stock has a 50-day moving average of $128.09 and a 200 day moving average of $141.38. The stock has a market capitalization of $11.05 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 1.02 and a beta of 1.76.

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

Insiders Place Their Bets

In related news, Director Paul E. Shapiro sold 3,837 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now owns 119,937 shares in the company, valued at $16,088,349.18. The trade was a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now owns 20,618 shares in the company, valued at approximately $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 sold a total of 15,202 shares of company stock worth $1,947,436 over the last 90 days. Corporate insiders own 1.54% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning raised its holdings in shares of Toll Brothers by 11.5% in the third quarter. Creative Planning now owns 10,323 shares of the construction company's stock worth $1,595,000 after acquiring an additional 1,063 shares during the last quarter. Blue Trust Inc. increased its position in Toll Brothers by 111.4% during the 3rd quarter. Blue Trust Inc. now owns 353 shares of the construction company's stock worth $55,000 after purchasing an additional 186 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Toll Brothers by 74.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 582 shares of the construction company's stock worth $90,000 after purchasing an additional 249 shares during the period. Sequoia Financial Advisors LLC lifted its position in Toll Brothers by 15.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,154 shares of the construction company's stock worth $333,000 after acquiring an additional 281 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Toll Brothers by 62,605.9% during the 3rd quarter. International Assets Investment Management LLC now owns 10,660 shares of the construction company's stock valued at $1,647,000 after purchasing an additional 10,643 shares in the last quarter. 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.

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