The Goldman Sachs Group Has Lowered Expectations for Toll Brothers (NYSE:TOL) Stock Price

Toll Brothers (NYSE:TOL - Free Report) had its target price cut by The Goldman Sachs Group from $143.00 to $125.00 in a report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the construction company's stock.

Other equities research analysts have also issued reports about the stock. UBS Group decreased their target price on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating for the company in a research note on Thursday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Evercore ISI increased their target price on Toll Brothers from $181.00 to $184.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Seaport Res Ptn upgraded Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company lowered their price objective on shares of Toll Brothers from $170.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.86.

Toll Brothers Stock Performance

NYSE TOL traded down $3.70 during trading hours on Thursday, hitting $111.45. The company's stock had a trading volume of 2,213,357 shares, compared to its average volume of 1,760,661. Toll Brothers has a 12 month low of $107.79 and a 12 month high of $169.52. The company's 50 day simple moving average is $129.02 and its two-hundred day simple moving average is $141.40. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The company has a market cap of $11.13 billion, a P/E ratio of 7.67, a price-to-earnings-growth ratio of 0.99 and a beta of 1.76.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings results 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 net margin of 14.03% and a return on equity of 18.32%. The company had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.91 billion. As a group, sell-side analysts expect that Toll Brothers will post 14.15 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.83%. The ex-dividend date was Friday, January 10th. Toll Brothers's dividend payout ratio is currently 6.33%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the transaction, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. This represents a 3.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christine Garvey sold 204 shares of the 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 sale, the director now directly owns 7,728 shares of the company's stock, valued at approximately $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 a total of 15,202 shares of company stock valued at $1,947,436 over the last three months. Corporate insiders own 1.54% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Peak Retirement Planning Inc. purchased a new position in Toll Brothers during the 4th quarter valued at approximately $771,000. Toronto Dominion Bank raised its holdings in shares of Toll Brothers by 60.2% during the 4th quarter. Toronto Dominion Bank now owns 5,122 shares of the construction company's stock worth $645,000 after acquiring an additional 1,925 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Toll Brothers during the 4th quarter valued at approximately $1,795,000. GTS Securities LLC boosted its position in shares of Toll Brothers by 384.2% during the 4th quarter. GTS Securities LLC now owns 3,064 shares of the construction company's stock valued at $386,000 after acquiring an additional 4,142 shares during the last quarter. Finally, Vise Technologies Inc. grew its holdings in shares of Toll Brothers by 18.8% in the fourth quarter. Vise Technologies Inc. now owns 1,773 shares of the construction company's stock valued at $223,000 after purchasing an additional 280 shares in the last quarter. Institutional investors own 91.76% of the company's stock.

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.