Toll Brothers (NYSE:TOL) Given New $125.00 Price Target at Wells Fargo & Company

Toll Brothers (NYSE:TOL) had its price objective cut by Wells Fargo & Company from $130.00 to $125.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

Several other research firms have also weighed in on TOL. Evercore ISI reiterated an “outperform” rating and set a $169.00 target price (up previously from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Oppenheimer lowered their price target on shares of Toll Brothers from $165.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday, May 15th. Bank of America lowered their price target on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. The Goldman Sachs Group lowered their price target on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Finally, Wall Street Zen upgraded shares of Toll Brothers from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. One 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.00.

Toll Brothers Trading Up 2.1%

TOL opened at $105.51 on Tuesday. The stock has a market capitalization of $10.54 billion, a PE ratio of 7.26, a P/E/G ratio of 1.02 and a beta of 1.45. The firm’s fifty day moving average price is $100.99 and its 200 day moving average price is $119.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. Toll Brothers has a 12-month low of $86.67 and a 12-month high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.64. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.38 earnings per share. As a group, research analysts expect that Toll Brothers will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. Toll Brothers’s dividend payout ratio (DPR) is 7.42%.

Institutional Trading of Toll Brothers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in Toll Brothers by 34.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock worth $37,000 after purchasing an additional 75 shares during the period. Insigneo Advisory Services LLC increased its position in Toll Brothers by 4.7% in the fourth quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company’s stock worth $251,000 after purchasing an additional 89 shares during the period. Brooklyn Investment Group increased its position in Toll Brothers by 52.8% in the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock worth $29,000 after purchasing an additional 94 shares during the period. Peapack Gladstone Financial Corp boosted its holdings in Toll Brothers by 5.9% during the fourth quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company’s stock worth $227,000 after buying an additional 100 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Toll Brothers by 1.7% during the fourth quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company’s stock worth $762,000 after buying an additional 100 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

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.