Oppenheimer Lowers Toll Brothers (NYSE:TOL) Price Target to $165.00

Toll Brothers (NYSE:TOL - Get Free Report) had its target price cut by research analysts at Oppenheimer from $189.00 to $165.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the construction company's stock. Oppenheimer's price objective would suggest a potential upside of 48.05% from the company's current price.

TOL has been the topic of a number of other research reports. JPMorgan Chase & Co. reissued a "neutral" rating and set a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Evercore ISI increased their price target on Toll Brothers from $181.00 to $184.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Seaport Res Ptn raised Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. Wells Fargo & Company reduced their price target on Toll Brothers from $170.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Keefe, Bruyette & Woods lowered Toll Brothers from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $168.00 to $164.00 in a research note on Tuesday, December 10th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $150.86.

Toll Brothers Price Performance

TOL stock traded down $3.70 on Thursday, reaching $111.45. The company had a trading volume of 2,213,357 shares, compared to its average volume of 1,760,661. Toll Brothers has a 1 year low of $107.79 and a 1 year high of $169.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The company's fifty day moving average is $129.02 and its 200 day moving average is $141.40. The company has a market cap of $11.13 billion, a P/E ratio of 7.67, a PEG ratio of 0.99 and a beta of 1.76.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $1.91 billion. On average, research analysts forecast that Toll Brothers will post 14.15 earnings per share for the current year.

Insider Activity at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the transaction, the director now owns 119,937 shares of the company's stock, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christine Garvey sold 204 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now directly 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. In the last three months, insiders sold 15,202 shares of company stock worth $1,947,436. Corporate insiders own 1.54% of the company's stock.

Hedge Funds Weigh In On Toll Brothers

Several large investors have recently modified their holdings of the stock. ORG Partners LLC bought a new position in Toll Brothers in the fourth quarter worth about $25,000. Capital Performance Advisors LLP bought a new position in Toll Brothers in the third quarter worth about $27,000. Brooklyn Investment Group bought a new position in Toll Brothers in the third quarter worth about $27,000. Lee Danner & Bass Inc. bought a new position in Toll Brothers in the fourth quarter worth about $27,000. Finally, Larson Financial Group LLC lifted its holdings in Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock worth $28,000 after acquiring an additional 66 shares during 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.