Toll Brothers (NYSE:TOL) Given New $139.00 Price Target at Royal Bank of Canada

Toll Brothers (NYSE:TOL - Get Free Report) had its target price lowered by research analysts at Royal Bank of Canada from $142.00 to $139.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the construction company's stock. Royal Bank of Canada's price objective points to a potential upside of 24.72% from the company's previous close.

Several other equities analysts have also recently issued reports on the company. Barclays dropped their target price on Toll Brothers from $135.00 to $115.00 and set an "underweight" rating on the stock in a research report on Thursday, January 16th. UBS Group cut their price objective on Toll Brothers from $185.00 to $183.00 and set a "buy" rating for the company in a research report on Thursday. Seaport Res Ptn upgraded shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Citigroup cut their price target on shares of Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Finally, Evercore ISI upped 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned 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 an average target price of $150.86.

Toll Brothers Stock Performance

Shares of Toll Brothers stock traded down $3.70 during trading hours on Thursday, hitting $111.45. 2,213,357 shares of the company were exchanged, compared to its average volume of 1,760,661. 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 business has a 50-day moving average of $129.02 and a 200-day moving average of $141.40. Toll Brothers has a 1 year low of $107.79 and a 1 year high of $169.52. The stock has a market capitalization of $11.13 billion, a price-to-earnings ratio of 7.67, a P/E/G ratio of 0.99 and a beta of 1.76.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts' consensus estimates 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%. As a group, analysts expect that Toll Brothers will post 14.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Christine Garvey sold 204 shares of the firm's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 20,618 shares in the company, valued at $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,202 shares of company stock valued at $1,947,436 over the last quarter. Company insiders own 1.54% of the company's stock.

Institutional Investors Weigh In On Toll Brothers

Several institutional investors have recently bought and sold shares of TOL. ORG Partners LLC acquired a new position in shares of Toll Brothers during the 4th quarter valued at $25,000. Capital Performance Advisors LLP acquired a new position in shares of Toll Brothers during the third quarter worth about $27,000. Brooklyn Investment Group purchased a new stake in shares of Toll Brothers in the third quarter worth about $27,000. Lee Danner & Bass Inc. acquired a new stake in shares of Toll Brothers in the fourth quarter valued at about $27,000. Finally, Larson Financial Group LLC raised its holdings in shares of Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock valued at $28,000 after buying an additional 66 shares during the period. 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.