Citigroup Lowers Toll Brothers (NYSE:TOL) Price Target to $137.00

Toll Brothers (NYSE:TOL) had its price target decreased by Citigroup from $155.00 to $137.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. Citigroup’s price objective indicates a potential upside of 8.84% from the company’s previous close.

A number of other equities analysts have also recently weighed in on TOL. Keefe, Bruyette & Woods cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $168.00 to $164.00 in a research report on Tuesday, December 10th. Wells Fargo & Company lifted their price objective on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Royal Bank of Canada increased their target price on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. 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. Finally, Wedbush reissued an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $153.33.

Toll Brothers Price Performance

Shares of Toll Brothers stock traded down $0.36 during trading hours on Monday, reaching $125.87. The stock had a trading volume of 531,018 shares, compared to its average volume of 911,388. Toll Brothers has a twelve month low of $95.46 and a twelve month high of $169.52. The company has a current ratio of 4.92, a quick ratio of 0.57 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $12.59 billion, a PE ratio of 8.37, a PEG ratio of 1.00 and a beta of 1.74. The stock’s 50 day moving average is $145.59 and its 200 day moving average is $140.14.

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

Insider Buying and Selling

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the completion of the sale, the chief executive officer now directly owns 221,382 shares in the company, valued at $35,029,273.86. This trade represents a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction that occurred on 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 owns 20,618 shares in the company, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,202 shares of company stock worth $5,903,186. Company insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

A number of institutional investors have recently modified their holdings of the company. FMR LLC grew its position in Toll Brothers by 97.7% in the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after acquiring an additional 1,046,758 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Toll Brothers in the third quarter valued at approximately $111,562,000. Pacer Advisors Inc. increased its stake in Toll Brothers by 34.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after buying an additional 541,140 shares during the period. Point72 Asset Management L.P. lifted its holdings in Toll Brothers by 81.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after buying an additional 431,160 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of Toll Brothers in the third quarter worth $38,985,000. 91.76% of the stock is 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.