Bank of America Has Lowered Expectations for Toll Brothers (NYSE:TOL) Stock Price

Toll Brothers (NYSE:TOL - Get Free Report) had its price objective decreased by Bank of America from $156.00 to $140.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the construction company's stock. Bank of America's target price indicates a potential upside of 25.62% from the company's previous close.

Several other research analysts have also commented on the stock. Oppenheimer reaffirmed an "outperform" rating and set a $189.00 price objective on shares of Toll Brothers in a research note on Thursday, December 12th. Wedbush reaffirmed an "outperform" rating and set a $175.00 price objective on shares of Toll Brothers in a research note on Friday, February 14th. Seaport Res Ptn upgraded Toll Brothers from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Barclays decreased their target price on Toll Brothers from $135.00 to $115.00 and set an "underweight" rating for the company in a research report on Thursday, January 16th. Finally, Evercore ISI lifted their target price on Toll Brothers from $181.00 to $184.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. 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 MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $150.86.

Toll Brothers Price Performance

Shares of TOL stock traded down $3.70 on Thursday, reaching $111.45. The company's stock had a trading volume of 2,213,357 shares, compared to its average volume of 1,760,661. The stock's fifty day simple moving average is $129.02 and its 200-day simple moving average is $141.40. Toll Brothers has a 1 year low of $107.79 and a 1 year high of $169.52. 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 company has a market capitalization of $11.13 billion, a price-to-earnings 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 posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate 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%. Analysts forecast that Toll Brothers will post 14.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other 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 transaction of $514,695.18. Following the sale, the director now owns 119,937 shares in the company, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christine Garvey sold 204 shares of the business'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 sale, the director now owns 7,728 shares in the company, valued at $972,027.84. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,202 shares of company stock worth $1,947,436. 1.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Toll Brothers

A number of large investors have recently modified their holdings of TOL. Creative Planning boosted its position in Toll Brothers by 11.5% in the third quarter. Creative Planning now owns 10,323 shares of the construction company's stock valued at $1,595,000 after buying an additional 1,063 shares during the last quarter. Bleakley Financial Group LLC purchased a new stake in Toll Brothers in the third quarter valued at approximately $265,000. Blue Trust Inc. boosted its position in Toll Brothers by 111.4% in the third quarter. Blue Trust Inc. now owns 353 shares of the construction company's stock valued at $55,000 after buying an additional 186 shares during the last quarter. OLD National Bancorp IN purchased a new stake in Toll Brothers in the third quarter valued at approximately $207,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Toll Brothers by 74.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 582 shares of the construction company's stock valued at $90,000 after buying an additional 249 shares during the last quarter. Hedge funds and other 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.