Wells Fargo & Company Cuts Toll Brothers (NYSE:TOL) Price Target to $120.00

Toll Brothers (NYSE:TOL - Free Report) had its price target decreased by Wells Fargo & Company from $150.00 to $120.00 in a report released on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the construction company's stock.

Several other research analysts have also recently commented on the company. The Goldman Sachs Group cut 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. UBS Group decreased their price target on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Citigroup decreased their price objective 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. StockNews.com raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a research report on Saturday, April 5th. Finally, Bank of America cut their price objective on Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $144.79.

Toll Brothers Stock Up 2.2 %

NYSE TOL traded up $2.06 during trading hours on Monday, hitting $93.87. The company had a trading volume of 1,437,255 shares, compared to its average volume of 1,532,532. Toll Brothers has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The firm's 50 day moving average is $106.17 and its 200 day moving average is $130.28. 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 capitalization of $9.38 billion, a price-to-earnings ratio of 6.46, a P/E/G ratio of 1.02 and a beta of 1.48.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. Sell-side analysts anticipate that Toll Brothers will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Friday, April 11th. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is 6.88%.

Insider Activity at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 13,186 shares of the company's stock, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.54% of the company's stock.

Hedge Funds Weigh In On Toll Brothers

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ORG Partners LLC bought a new position in shares of Toll Brothers in the fourth quarter valued at $25,000. Lee Danner & Bass Inc. purchased a new stake in shares of Toll Brothers during the fourth quarter worth $27,000. Promus Capital LLC acquired a new stake in Toll Brothers during the fourth quarter valued at $29,000. Sound Income Strategies LLC grew its stake in Toll Brothers by 84.2% in the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock valued at $26,000 after purchasing an additional 112 shares in the last quarter. Finally, IAG Wealth Partners LLC increased its position in Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock worth $33,000 after purchasing an additional 238 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

About Toll Brothers

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.