Toll Brothers (NYSE:TOL) Price Target Cut to $137.00 by Analysts at Citigroup

Toll Brothers (NYSE:TOL) had its price target trimmed by Citigroup from $155.00 to $137.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

A number of other research firms also recently weighed in on TOL. Evercore ISI lifted their target price on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Royal Bank of Canada lifted their price objective on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Bank of America upped their target price on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Finally, StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.33.

Toll Brothers Price Performance

NYSE TOL opened at $125.97 on Monday. The stock has a 50-day simple moving average of $145.59 and a 200 day simple moving average of $140.30. Toll Brothers has a twelve month low of $95.46 and a twelve month high of $169.52. The stock has a market capitalization of $12.60 billion, a PE ratio of 8.38, a P/E/G ratio of 1.00 and a beta of 1.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period in the previous year, the company earned $4.11 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Research analysts anticipate that Toll Brothers will post 14.57 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Friday, January 10th. Toll Brothers’s dividend payout ratio is currently 6.12%.

Insider Buying and Selling

In other news, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction that occurred on 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 owns 119,937 shares in the company, valued at $16,088,349.18. The trade was a 3.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the transaction, the chief executive officer now directly owns 221,382 shares in the company, valued at approximately $35,029,273.86. This trade represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,202 shares of company stock worth $5,903,186 in the last 90 days. Corporate insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Hedge funds have recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in Toll Brothers in the third quarter valued at about $27,000. Brooklyn Investment Group acquired a new stake in Toll Brothers during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC lifted its stake in Toll Brothers by 57.9% in the third 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 in the last quarter. UMB Bank n.a. boosted its holdings in shares of Toll Brothers by 323.4% in the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after buying an additional 207 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Toll Brothers by 202.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after acquiring an additional 223 shares in 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.