Toll Brothers (NYSE:TOL) Price Target Lowered to $137.00 at Citigroup

Toll Brothers (NYSE:TOL) had its target price lowered by investment analysts at Citigroup from $155.00 to $137.00 in a report released on Monday,Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. Citigroup’s price target suggests a potential upside of 8.84% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Evercore ISI increased their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. StockNews.com lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Wedbush restated an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday, December 11th. Bank of America lifted their target price on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, Oppenheimer restated an “outperform” rating and set a $189.00 price target on shares of Toll Brothers in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $153.33.

Toll Brothers Stock Down 0.3 %

Shares of NYSE:TOL traded down $0.36 during trading hours on Monday, reaching $125.87. The stock had a trading volume of 531,018 shares, compared to its average volume of 911,388. Toll Brothers has a 1 year low of $95.46 and a 1 year high of $169.52. The firm’s 50 day moving average is $145.59 and its 200-day moving average is $140.14. The stock has a market capitalization of $12.59 billion, a price-to-earnings ratio of 8.37, a P/E/G ratio of 1.00 and a beta of 1.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period last year, the firm earned $4.11 earnings per share. Toll Brothers’s quarterly revenue was up 10.4% on a year-over-year basis. Research analysts predict that Toll Brothers will post 14.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 sale, the director now 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 legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the transaction, the chief executive officer now directly owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. This represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,202 shares of company stock valued at $5,903,186 over the last quarter. Company insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. FMR LLC grew its stake in Toll Brothers by 97.7% in the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after acquiring an additional 1,046,758 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Toll Brothers in the third quarter valued at approximately $111,562,000. Pacer Advisors Inc. increased its stake in shares of Toll Brothers by 34.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after purchasing an additional 541,140 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Toll Brothers by 81.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after buying an additional 431,160 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Toll Brothers during the 3rd quarter valued at $38,985,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

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.