Toll Brothers (NYSE:TOL) Given New $140.00 Price Target at Bank of America

Toll Brothers (NYSE:TOL) had its target price decreased by investment analysts at Bank of America from $156.00 to $140.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Bank of America‘s price target indicates a potential upside of 21.87% from the stock’s previous close.

Several other brokerages have also weighed in on TOL. Citigroup cut their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Evercore ISI raised their price target on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. UBS Group dropped their price objective on Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $168.00 to $164.00 in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 price target (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.29.

Toll Brothers Stock Down 5.9 %

NYSE TOL opened at $114.88 on Thursday. The stock has a market capitalization of $11.48 billion, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 1.05 and a beta of 1.76. Toll Brothers has a 52 week low of $100.47 and a 52 week high of $169.52. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 4.92. The stock has a fifty day moving average of $129.49 and a 200-day moving average of $141.58.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) 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 the consensus estimate of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.52%. On average, equities research analysts forecast that Toll Brothers will post 14.15 EPS for the current year.

Insider Activity at Toll Brothers

In related news, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the sale, the chief financial officer now owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christine Garvey sold 204 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the transaction, the director now directly owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,202 shares of company stock valued at $1,947,436. 1.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Toll Brothers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fiduciary Alliance LLC acquired a new position in shares of Toll Brothers during the 4th quarter worth about $1,117,000. Franklin Resources Inc. raised its holdings in Toll Brothers by 5.4% during the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock worth $27,659,000 after acquiring an additional 9,195 shares in the last quarter. World Investment Advisors LLC acquired a new position in Toll Brothers during the third quarter valued at approximately $12,506,000. Chartwell Investment Partners LLC grew its stake in Toll Brothers by 66.5% in the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after purchasing an additional 14,092 shares in the last quarter. Finally, Avior Wealth Management LLC increased its position in shares of Toll Brothers by 4,894.1% during the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after purchasing an additional 3,328 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

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.