Toll Brothers (NYSE:TOL) Given New $156.00 Price Target at Bank of America

Toll Brothers (NYSE:TOL) had its price target reduced by Bank of America from $165.00 to $156.00 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other research firms have also recently commented on TOL. Citigroup decreased 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, January 6th. Royal Bank of Canada lifted their target price on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. UBS Group decreased their price target on Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $168.00 to $164.00 in a report on Tuesday, December 10th. Finally, Barclays lowered their price target on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Toll Brothers Trading Up 3.7 %

TOL stock opened at $140.01 on Monday. The business has a fifty day moving average price of $139.51 and a 200 day moving average price of $142.14. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. Toll Brothers has a fifty-two week low of $97.45 and a fifty-two week high of $169.52. The stock has a market capitalization of $14.01 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 1.04 and a beta of 1.74.

Toll Brothers (NYSE:TOL) last announced its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company posted $4.11 earnings per share. Analysts expect that Toll Brothers will post 14.25 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.12%.

Insiders Place Their Bets

In other news, Director Christine Garvey sold 204 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the sale, the director now owns 7,728 shares in the company, valued at $972,027.84. This represents a 2.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the sale, the director now owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,202 shares of company stock worth $1,947,436. Corporate insiders own 1.54% of the company’s stock.

Hedge Funds Weigh In On Toll Brothers

A number of institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC boosted its stake in shares of Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares during the period. First Trust Direct Indexing L.P. boosted its position in Toll Brothers by 1.4% during the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock worth $786,000 after purchasing an additional 72 shares during the period. First Citizens Bank & Trust Co. increased its holdings in shares of Toll Brothers by 3.7% in the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock valued at $363,000 after purchasing an additional 83 shares during the last quarter. Nilsine Partners LLC raised its position in shares of Toll Brothers by 0.5% in the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock valued at $2,433,000 after purchasing an additional 88 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Toll Brothers by 15.1% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock worth $88,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds 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.