Toll Brothers (NYSE:TOL) Price Target Lowered to $185.00 at UBS Group

Toll Brothers (NYSE:TOL) had its price objective decreased by equities researchers at UBS Group from $192.00 to $185.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. UBS Group’s price target points to a potential upside of 45.75% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Citigroup cut their price target on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday. Wedbush reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a research note on Wednesday, December 11th. Royal Bank of Canada lifted their price target on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Bank of America increased their price objective on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Oppenheimer restated an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus price target of $158.07.

Toll Brothers Price Performance

TOL opened at $126.93 on Wednesday. The company has a fifty day simple moving average of $143.81 and a 200 day simple moving average of $140.23. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The stock has a market cap of $12.70 billion, a P/E ratio of 8.45, a P/E/G ratio of 1.00 and a beta of 1.74. Toll Brothers has a 12 month low of $95.46 and a 12 month high of $169.52.

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

Insider Activity

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the completion of the transaction, the chief executive officer now directly owns 221,382 shares in the company, valued at approximately $35,029,273.86. The trade was a 10.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christine Garvey sold 204 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the sale, the director now owns 7,728 shares in the company, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,202 shares of company stock valued at $5,903,186 in the last quarter. Company insiders own 1.54% of the company’s stock.

Institutional Trading of Toll Brothers

Several hedge funds and other institutional investors have recently modified their holdings of TOL. Capital Performance Advisors LLP acquired a new stake in Toll Brothers during the third quarter worth approximately $27,000. Brooklyn Investment Group acquired a new stake in Toll Brothers during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC boosted its stake 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 during the period. UMB Bank n.a. grew its holdings in Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after buying an additional 207 shares in the last quarter. Finally, Blue Trust Inc. increased its position in Toll Brothers by 111.4% during the 3rd quarter. Blue Trust Inc. now owns 353 shares of the construction company’s stock worth $55,000 after buying an additional 186 shares during the period. Institutional investors own 91.76% of the company’s stock.

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.