Toll Brothers (NYSE:TOL) Price Target Cut to $125.00 by Analysts at Citigroup

Toll Brothers (NYSE:TOL) had its price target trimmed by Citigroup from $133.00 to $125.00 in a research report report published on Tuesday, Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

Other analysts also recently issued research reports about the stock. Wedbush reissued a neutral rating and issued a $105.00 price target on shares of Toll Brothers in a research report on Wednesday, May 22nd. The Goldman Sachs Group upgraded shares of Toll Brothers from a sell rating to a neutral rating and upped their target price for the stock from $112.00 to $124.00 in a report on Monday, June 17th. Barclays raised their target price on Toll Brothers from $115.00 to $118.00 and gave the company an underweight rating in a report on Tuesday, May 28th. StockNews.com raised Toll Brothers from a hold rating to a buy rating in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada increased their target price on shares of Toll Brothers from $122.00 to $130.00 and gave the company an outperform rating in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $128.13.

Toll Brothers Price Performance

Shares of TOL opened at $111.23 on Tuesday. The firm has a market cap of $11.42 billion, a PE ratio of 7.60, a price-to-earnings-growth ratio of 0.94 and a beta of 1.67. Toll Brothers has a 52-week low of $68.08 and a 52-week high of $135.37. The business’s 50 day moving average price is $121.02 and its two-hundred day moving average price is $114.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 4.59.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.58 billion. Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.85 EPS. On average, equities analysts anticipate that Toll Brothers will post 12.94 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Friday, July 5th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total transaction of $463,723.04. Following the sale, the chief financial officer now owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of Toll Brothers stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total transaction of $463,723.04. Following the completion of the transaction, the chief financial officer now owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the sale, the director now owns 9,389 shares in the company, valued at $1,120,295.48. The disclosure for this sale can be found here. Insiders sold 21,670 shares of company stock worth $2,586,315 over the last quarter. Corporate insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Voss Capital LLC purchased a new stake in shares of Toll Brothers in the fourth quarter worth $8,223,000. Ossiam increased its stake in Toll Brothers by 122.8% in the 4th quarter. Ossiam now owns 7,547 shares of the construction company’s stock worth $776,000 after acquiring an additional 4,159 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Toll Brothers by 41.2% in the 4th quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock valued at $85,819,000 after acquiring an additional 243,553 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Toll Brothers by 87.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 36,337 shares of the construction company’s stock worth $2,687,000 after purchasing an additional 16,993 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in shares of Toll Brothers by 11.9% during the fourth quarter. Wedge Capital Management L L P NC now owns 510,961 shares of the construction company’s stock worth $52,522,000 after purchasing an additional 54,384 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

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.