Royal Bank of Canada Lowers Toll Brothers (NYSE:TOL) Price Target to $139.00

Toll Brothers (NYSE:TOL) had its target price dropped by Royal Bank of Canada from $142.00 to $139.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the construction company’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 24.72% from the company’s current price.

A number of other research analysts have also recently issued reports on the company. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Oppenheimer reaffirmed an “outperform” rating and issued a $189.00 price target on shares of Toll Brothers in a research note on Thursday, December 12th. Bank of America cut their price target on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday. Wells Fargo & Company cut their price target on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Citigroup cut their price target on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus target price of $150.86.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $111.45 on Thursday. The firm has a fifty day moving average of $129.02 and a two-hundred day moving average of $141.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The stock has a market capitalization of $11.13 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 0.99 and a beta of 1.76. Toll Brothers has a 52 week low of $107.79 and a 52 week high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. As a group, equities research analysts predict 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 the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the sale, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following 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. Over the last three months, insiders have sold 15,202 shares of company stock worth $1,947,436. Corporate insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. ORG Partners LLC bought a new position in shares of Toll Brothers in the fourth quarter worth about $25,000. Capital Performance Advisors LLP bought a new position in shares of Toll Brothers in the third quarter worth about $27,000. Brooklyn Investment Group bought a new position in shares of Toll Brothers in the third quarter worth about $27,000. Lee Danner & Bass Inc. bought a new position in Toll Brothers in the 4th quarter valued at approximately $27,000. Finally, Larson Financial Group LLC raised its holdings in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after buying an additional 66 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Company Profile

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.