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

Toll Brothers (NYSE:TOL) had its target price decreased by UBS Group from $192.00 to $185.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. UBS Group’s target price suggests a potential upside of 45.75% from the stock’s previous close.

A number of other analysts also recently commented on the company. StockNews.com downgraded Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Evercore ISI lifted their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Citigroup dropped their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research note on Monday. Royal Bank of Canada lifted their target price on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Oppenheimer reissued an “outperform” rating and issued a $189.00 price target on shares of Toll Brothers in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.07.

Toll Brothers Stock Up 2.5 %

Shares of TOL stock opened at $126.93 on Wednesday. Toll Brothers has a 12 month low of $95.46 and a 12 month high of $169.52. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The firm has a market cap of $12.70 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 1.00 and a beta of 1.74. The stock has a 50 day moving average of $143.81 and a 200-day moving average of $140.23.

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

Insider Activity at Toll Brothers

In other news, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the sale, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,202 shares of company stock valued at $5,903,186 over the last ninety days. 1.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Toll Brothers

Institutional investors and hedge funds have recently modified their holdings of the business. National Bank of Canada FI grew its holdings in Toll Brothers by 1.7% during the 2nd quarter. National Bank of Canada FI now owns 41,232 shares of the construction company’s stock worth $4,625,000 after acquiring an additional 680 shares during the period. Private Advisor Group LLC grew its stake in shares of Toll Brothers by 0.7% during the second quarter. Private Advisor Group LLC now owns 26,050 shares of the construction company’s stock worth $3,000,000 after purchasing an additional 180 shares during the period. Ballentine Partners LLC increased its holdings in Toll Brothers by 6.9% in the second quarter. Ballentine Partners LLC now owns 1,824 shares of the construction company’s stock valued at $210,000 after purchasing an additional 118 shares during the last quarter. Quest Partners LLC lifted its stake in Toll Brothers by 76,925.0% in the second quarter. Quest Partners LLC now owns 6,162 shares of the construction company’s stock valued at $710,000 after buying an additional 6,154 shares during the period. Finally, Choreo LLC bought a new position in Toll Brothers during the second quarter worth about $528,000. 91.76% of the stock is owned by institutional investors.

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.