Toll Brothers (NYSE:TOL) Price Target Lowered to $44.00 at Citigroup

Toll Brothers (NYSE:TOLGet Rating) had its target price lowered by Citigroup from $49.00 to $44.00 in a research note released on Tuesday morning, The Fly reports. The firm currently has a neutral rating on the construction company’s stock.

A number of other equities analysts have also recently issued reports on the company. Wedbush cut their target price on Toll Brothers from $73.00 to $62.00 and set a neutral rating on the stock in a report on Thursday, May 26th. JPMorgan Chase & Co. cut their target price on Toll Brothers from $58.00 to $51.00 and set a neutral rating on the stock in a report on Wednesday, April 13th. Royal Bank of Canada cut their target price on Toll Brothers from $67.00 to $53.00 in a report on Thursday, May 26th. Bank of America upgraded Toll Brothers from an underperform rating to a buy rating and raised their price objective for the company from $61.00 to $63.00 in a research note on Monday, February 28th. Finally, UBS Group dropped their price objective on Toll Brothers from $74.00 to $59.00 and set a buy rating on the stock in a research note on Thursday, June 16th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Toll Brothers presently has a consensus rating of Hold and an average price target of $55.67.

Toll Brothers stock opened at $44.46 on Tuesday. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 5.58, a PEG ratio of 0.77 and a beta of 1.49. Toll Brothers has a 52-week low of $40.19 and a 52-week high of $75.61. The stock’s 50 day moving average price is $46.99 and its two-hundred day moving average price is $54.44. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 5.01.

Toll Brothers (NYSE:TOLGet Rating) last issued its earnings results on Tuesday, May 24th. The construction company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.27. Toll Brothers had a return on equity of 18.61% and a net margin of 10.48%. The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period last year, the business earned $1.01 EPS. Toll Brothers’s quarterly revenue was up 18.0% compared to the same quarter last year. On average, equities research analysts forecast that Toll Brothers will post 10.19 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 22nd. Stockholders of record on Friday, July 8th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, July 7th. Toll Brothers’s dividend payout ratio is presently 10.03%.

Several institutional investors have recently made changes to their positions in the company. Offit Capital Advisors LLC purchased a new stake in shares of Toll Brothers during the 1st quarter valued at $378,000. Bank of America Corp DE increased its position in shares of Toll Brothers by 9.9% during the 1st quarter. Bank of America Corp DE now owns 925,042 shares of the construction company’s stock valued at $43,496,000 after purchasing an additional 83,456 shares during the last quarter. Advisory Services Network LLC increased its position in shares of Toll Brothers by 88.1% during the 1st quarter. Advisory Services Network LLC now owns 15,280 shares of the construction company’s stock valued at $718,000 after purchasing an additional 7,155 shares during the last quarter. Sawtooth Solutions LLC purchased a new stake in Toll Brothers in the 1st quarter worth about $247,000. Finally, BNP Paribas Arbitrage SA increased its holdings in Toll Brothers by 13.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 145,356 shares of the construction company’s stock worth $6,835,000 after acquiring an additional 17,104 shares during the last quarter. 87.70% of the stock is owned by hedge funds and other institutional investors.

About Toll Brothers (Get Rating)

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. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living.

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