Toll Brothers (NYSE:TOL) Given New $185.00 Price Target at UBS Group

Toll Brothers (NYSE:TOL) had its target price decreased by UBS Group from $192.00 to $185.00 in a report issued on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.

Other equities analysts have also issued research reports about the company. Evercore ISI lifted their price target on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Wells Fargo & Company lifted their price objective on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Citigroup reduced their price objective on 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 upped their price objective on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.07.

Toll Brothers Trading Down 2.8 %

Shares of TOL opened at $123.51 on Wednesday. The business’s 50-day moving average price is $143.35 and its 200-day moving average price is $140.26. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. Toll Brothers has a twelve month low of $95.46 and a twelve month high of $169.52. The stock has a market cap of $12.36 billion, a PE ratio of 8.22, a P/E/G ratio of 1.00 and a beta of 1.74.

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

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.74%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.12%.

Insider Buying and Selling

In other news, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the transaction, the director now directly owns 7,728 shares of the company’s stock, valued at $972,027.84. The trade was a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,202 shares of company stock worth $5,903,186 in the last 90 days. Insiders own 1.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TOL. ORG Partners LLC acquired a new position in Toll Brothers in the 4th quarter valued at $25,000. Capital Performance Advisors LLP acquired a new stake in shares of Toll Brothers in the 3rd quarter worth $27,000. Brooklyn Investment Group purchased a new stake in shares of Toll Brothers in the third quarter valued at about $27,000. Larson Financial Group LLC raised its stake in Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Toll Brothers by 323.4% in the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after acquiring an additional 207 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

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.