The Goldman Sachs Group Cuts Toll Brothers (NYSE:TOL) Price Target to $125.00

Toll Brothers (NYSE:TOL) had its price target cut by stock analysts at The Goldman Sachs Group from $143.00 to $125.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the construction company’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 8.92% from the stock’s previous close.

A number of other analysts have also issued reports on TOL. Wells Fargo & Company reduced their target price on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday. Oppenheimer reissued an “outperform” rating and issued 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 target price on shares of Toll Brothers in a research note on Friday, February 14th. JPMorgan Chase & Co. restated a “neutral” rating and set a $150.00 price target (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Finally, Barclays lowered their price objective on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.57.

Toll Brothers Trading Down 0.1 %

NYSE TOL traded down $0.12 on Thursday, hitting $114.76. 752,795 shares of the company were exchanged, compared to its average volume of 1,704,988. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. Toll Brothers has a twelve month low of $106.95 and a twelve month high of $169.52. The firm has a market capitalization of $11.46 billion, a P/E ratio of 7.88, a price-to-earnings-growth ratio of 1.05 and a beta of 1.76. The company’s 50 day moving average price is $129.49 and its 200-day moving average price is $141.58.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a return on equity of 18.52% and a net margin of 14.03%. Analysts predict that Toll Brothers will post 14.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the sale, 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 at the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the sale, the chief financial officer now owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,202 shares of company stock worth $1,947,436 in the last quarter. 1.54% of the stock is currently owned by company insiders.

Institutional Trading of Toll Brothers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted its stake in Toll Brothers by 57.9% in 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 in the last quarter. First Trust Direct Indexing L.P. grew its stake in shares of Toll Brothers by 1.4% during the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after purchasing an additional 72 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Toll Brothers by 34.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock valued at $37,000 after buying an additional 75 shares during the period. Nilsine Partners LLC increased its position in Toll Brothers by 0.5% in the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock worth $2,433,000 after purchasing an additional 88 shares during the period. Finally, Insigneo Advisory Services LLC raised its holdings in Toll Brothers by 4.7% during the 4th quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company’s stock worth $251,000 after purchasing an additional 89 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.