Toll Brothers (NYSE:TOL) Stock Gets Price Target Trim from Citigroup

Toll Brothers (NYSE:TOL) had its target price decreased by stock analysts at Citigroup from $179.00 to $168.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Citigroup’s target price suggests a potential upside of 25.18% from the company’s current price.

Several other analysts have also issued reports on the stock. Barclays decreased their price target on shares of Toll Brothers from $122.00 to $118.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 6th. Truist Financial upped their price objective on shares of Toll Brothers from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Weiss Ratings raised shares of Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 29th. Morgan Stanley started coverage on shares of Toll Brothers in a research note on Thursday, October 1st. They issued an “overweight” rating and a $159.00 target price for the company. Finally, Melius Research assumed coverage on Toll Brothers in a research report on Tuesday, October 6th. They set a “buy” rating and a $179.00 target price on the stock. Fourteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $166.67.

Toll Brothers Stock Performance

Shares of TOL traded up $3.79 during mid-day trading on Thursday, hitting $134.20. The company’s stock had a trading volume of 471,644 shares, compared to its average volume of 1,124,630. The stock’s 50-day moving average is $140.21 and its two-hundred day moving average is $143.04. The firm has a market capitalization of $12.37 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 1.07 and a beta of 1.31. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 4.53. Toll Brothers has a one year low of $123.14 and a one year high of $168.36.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.04. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.62 billion. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. Toll Brothers’s revenue was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.73 earnings per share. As a group, sell-side analysts anticipate that Toll Brothers will post 12.80 EPS for the current year.

Insiders Place Their Bets

In other Toll Brothers news, Director Stephen East sold 800 shares of Toll Brothers stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $135.99, for a total transaction of $108,792.00. Following the sale, the director owned 12,642 shares in the company, valued at $1,719,185.58. The trade was a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Toll Brothers

Hedge funds have recently made changes to their positions in the business. PFG Private Wealth Management LLC grew its stake in shares of Toll Brothers by 24.0% in the 3rd quarter. PFG Private Wealth Management LLC now owns 2,856 shares of the construction company’s stock valued at $385,000 after purchasing an additional 552 shares during the period. WealthPlan Investment Management LLC lifted its position in shares of Toll Brothers by 4.8% during the 3rd quarter. WealthPlan Investment Management LLC now owns 1,689 shares of the construction company’s stock worth $228,000 after buying an additional 77 shares during the period. Krilogy Financial LLC lifted its position in shares of Toll Brothers by 2.4% during the 3rd quarter. Krilogy Financial LLC now owns 8,041 shares of the construction company’s stock worth $1,063,000 after buying an additional 186 shares during the period. NorthCrest Asset Manangement LLC lifted its position in shares of Toll Brothers by 8.2% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 26,038 shares of the construction company’s stock worth $3,511,000 after buying an additional 1,967 shares during the period. Finally, Sacks & Associates LLC acquired a new stake in Toll Brothers in the 3rd quarter valued at $1,013,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc is a U.S. luxury homebuilder that designs, constructs, markets and sells single-family homes, townhomes and condominiums. The company serves move-up, luxury, active-adult and urban buyers, offering homes in a range of architectural styles and price points.

Founded in 1967 by brothers Robert I. Toll and Bruce E. Toll, the company develops residential communities on land it acquires and prepares for construction. Its operations also include related services such as mortgage financing, title and settlement services, and property development through its Toll Brothers Apartment Living and Toll Brothers City Living businesses.

Toll Brothers operates across numerous metropolitan and suburban markets in the United States, with a presence in regions including the Northeast, Mid-Atlantic, Southeast, Texas, the Midwest, Arizona and the West Coast.