Bank of America Lowers Toll Brothers (NYSE:TOL) Price Target to $150.00

Toll Brothers (NYSE:TOL) had its price target lowered by stock analysts at Bank of America from $155.00 to $150.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Bank of America‘s price target would suggest a potential upside of 18.01% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada boosted their price objective on shares of Toll Brothers from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Argus upped their price target on shares of Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday. Wedbush restated an “outperform” rating and set a $165.00 price objective on shares of Toll Brothers in a research report on Thursday, September 18th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Toll Brothers from $143.00 to $145.00 and gave the stock a “market perform” rating in a research note on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $149.43.

Toll Brothers Trading Down 1.3%

NYSE TOL opened at $127.11 on Friday. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. Toll Brothers has a 52 week low of $86.67 and a 52 week high of $169.52. The stock has a market capitalization of $12.25 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 1.51 and a beta of 1.40. The firm has a 50 day moving average of $136.36 and a two-hundred day moving average of $117.64.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, topping the consensus estimate of $3.59 by $0.14. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter in the previous year, the business posted $3.60 EPS. The firm’s revenue was up 8.0% on a year-over-year basis. As a group, research analysts expect that Toll Brothers will post 13.83 EPS for the current fiscal year.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 770 shares of the firm’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $119.82, for a total transaction of $92,261.40. Following the sale, the director directly owned 11,590 shares of the company’s stock, valued at $1,388,713.80. This trade represents a 6.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Shapiro sold 3,812 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $147.65, for a total transaction of $562,841.80. Following the sale, the director directly owned 118,753 shares in the company, valued at $17,533,880.45. This represents a 3.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,413 shares of company stock worth $5,746,216 over the last three months. Company insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

Hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC boosted its stake in shares of Toll Brothers by 84.2% during the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company’s stock worth $26,000 after purchasing an additional 112 shares during the last quarter. Brooklyn Investment Group lifted its holdings in shares of 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 during the period. Larson Financial Group LLC lifted its holdings in shares of Toll Brothers by 152.6% during the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock worth $31,000 after acquiring an additional 177 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Toll Brothers by 128.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 324 shares of the construction company’s stock worth $37,000 after acquiring an additional 182 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Toll Brothers by 218.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company’s stock worth $38,000 after acquiring an additional 249 shares during the period. 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.