Oppenheimer Issues Pessimistic Forecast for Toll Brothers (NYSE:TOL) Stock Price

Toll Brothers (NYSE:TOL) had its price objective lowered by equities research analysts at Oppenheimer from $189.00 to $165.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the construction company’s stock. Oppenheimer’s price target would suggest a potential upside of 48.05% from the stock’s previous close.

TOL has been the subject of a number of other research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Evercore ISI lifted their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Barclays reduced their price target 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. Finally, Keefe, Bruyette & Woods cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $168.00 to $164.00 in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average target price of $150.86.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $111.45 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The firm has a market cap of $11.13 billion, a P/E ratio of 7.67, a P/E/G ratio of 0.99 and a beta of 1.76. The firm has a 50 day simple moving average of $129.02 and a 200 day simple moving average of $141.40. Toll Brothers has a fifty-two week low of $107.79 and a fifty-two week high of $169.52.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. Sell-side analysts predict that Toll Brothers will post 14.15 earnings per share for the current fiscal year.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 204 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were 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 owns 7,728 shares of the company’s stock, valued at $972,027.84. The trade was 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, Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the sale, the director now directly owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This represents 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 worth $1,947,436 in the last ninety days. Insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

A number of institutional investors and hedge funds have recently made changes to their positions in TOL. Creative Planning lifted its stake in Toll Brothers by 11.5% in the 3rd quarter. Creative Planning now owns 10,323 shares of the construction company’s stock valued at $1,595,000 after purchasing an additional 1,063 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in Toll Brothers in the 3rd quarter valued at approximately $265,000. Blue Trust Inc. increased its position in Toll Brothers by 111.4% in the 3rd quarter. Blue Trust Inc. now owns 353 shares of the construction company’s stock valued at $55,000 after acquiring an additional 186 shares during the period. OLD National Bancorp IN acquired a new position in Toll Brothers in the 3rd quarter valued at approximately $207,000. Finally, Allspring Global Investments Holdings LLC increased its position in Toll Brothers by 74.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 582 shares of the construction company’s stock valued at $90,000 after acquiring an additional 249 shares during the period. 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.