Wells Fargo & Company Has Lowered Expectations for Toll Brothers (NYSE:TOL) Stock Price

Toll Brothers (NYSE:TOL) had its target price cut by stock analysts at Wells Fargo & Company from $170.00 to $150.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 34.59% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. Bank of America dropped their target price on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a report on Thursday. Royal Bank of Canada cut shares of Toll Brothers to an “outperform” rating and set a $142.00 price objective for the company. in a research note on Friday, January 10th. Evercore ISI raised their target price 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. Wedbush restated an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a report on Friday, February 14th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $189.00 price target on shares of Toll Brothers in a report on Thursday, December 12th. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $150.86.

Toll Brothers Trading Down 3.2 %

Shares of Toll Brothers stock opened at $111.45 on Thursday. Toll Brothers has a twelve month low of $107.79 and a twelve month high of $169.52. The firm’s 50-day moving average price is $129.02 and its 200 day moving average price is $141.40. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $11.13 billion, a PE ratio of 7.67, a P/E/G ratio of 0.99 and a beta of 1.76.

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

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares in the company, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the transaction, the director now directly owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,202 shares of company stock valued at $1,947,436. Company insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Large investors have recently added to or reduced their stakes in the business. ORG Partners LLC acquired a new position in shares of Toll Brothers in the fourth quarter worth $25,000. Capital Performance Advisors LLP acquired a new position in Toll Brothers during the 3rd quarter worth $27,000. Brooklyn Investment Group purchased a new stake in Toll Brothers during the 3rd quarter worth about $27,000. Lee Danner & Bass Inc. purchased a new stake in Toll Brothers during the 4th quarter worth about $27,000. Finally, Larson Financial Group LLC raised its position 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 purchasing an additional 66 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other 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.