Barclays Has Lowered Expectations for Toll Brothers (NYSE:TOL) Stock Price

Toll Brothers (NYSE:TOL) had its price objective lowered by stock analysts at Barclays from $135.00 to $115.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the construction company’s stock. Barclays‘s price objective indicates a potential downside of 15.07% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Oppenheimer reissued an “outperform” rating and issued a $189.00 price objective on shares of Toll Brothers in a research report on Thursday, December 12th. Keefe, Bruyette & Woods downgraded Toll Brothers from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $168.00 to $164.00 in a report on Tuesday, December 10th. Bank of America raised their price objective on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Citigroup decreased their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, Royal Bank of Canada raised their target price on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.64.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $135.40 on Thursday. The business’s fifty day moving average price is $141.28 and its 200 day moving average price is $140.86. Toll Brothers has a twelve month low of $95.46 and a twelve month high of $169.52. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $13.55 billion, a P/E ratio of 9.01, a PEG ratio of 0.94 and a beta of 1.74.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.29. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $4.11 EPS. As a group, research analysts anticipate that Toll Brothers will post 14.25 earnings per share for the current year.

Insider Activity at Toll Brothers

In related news, Director Christine Garvey sold 204 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the sale, the director now directly owns 7,728 shares of the company’s stock, valued at $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were 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. The trade was a 3.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,202 shares of company stock valued at $1,947,436 over the last ninety days. Corporate insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

A number of institutional investors have recently made changes to their positions in the company. State Street Corp boosted its holdings in Toll Brothers by 1.2% in the third quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock worth $565,802,000 after purchasing an additional 42,871 shares during the period. Geode Capital Management LLC lifted its position in shares of Toll Brothers by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock worth $333,444,000 after buying an additional 84,652 shares during the last quarter. FMR LLC boosted its holdings in shares of 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 buying an additional 1,046,758 shares during the period. Pacer Advisors Inc. raised its stake in Toll Brothers by 34.8% during the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after acquiring an additional 541,140 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings in Toll Brothers by 81.0% in the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after acquiring an additional 431,160 shares during the last quarter. 91.76% of the stock is currently 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.