Royal Bank of Canada Cuts Toll Brothers (NYSE:TOL) Price Target to $133.00

Toll Brothers (NYSE:TOL) had its price target decreased by Royal Bank of Canada from $139.00 to $133.00 in a research note published on Friday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the construction company’s stock.

A number of other analysts also recently issued reports on the company. The Goldman Sachs Group cut their target price on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. UBS Group cut their price objective on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Oppenheimer decreased their target price on shares of Toll Brothers from $165.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday. Barclays cut their price target on shares of Toll Brothers from $101.00 to $92.00 and set an “underweight” rating for the company in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.64.

Toll Brothers Price Performance

Toll Brothers stock opened at $107.01 on Friday. The company has a fifty day simple moving average of $101.56 and a 200-day simple moving average of $123.13. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 1.02 and a beta of 1.45. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. Toll Brothers has a 52-week low of $86.67 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 earnings per share (EPS) 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 business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. On average, equities analysts anticipate that Toll Brothers will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, April 11th. Toll Brothers’s dividend payout ratio (DPR) is 6.88%.

Insider Buying and Selling at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the sale, the director now directly owns 13,186 shares in the company, valued at approximately $1,458,107.88. This trade represents a 3.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC grew its position in shares of Toll Brothers by 84.2% during the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company’s stock worth $26,000 after buying an additional 112 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in Toll Brothers in the fourth quarter worth approximately $27,000. Promus Capital LLC acquired a new position in Toll Brothers during the 4th quarter worth approximately $29,000. Brooklyn Investment Group grew its holdings in Toll Brothers by 52.8% during the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock worth $29,000 after acquiring an additional 94 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Toll Brothers by 152.6% in the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock valued at $31,000 after purchasing an additional 177 shares during the last quarter. 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.