Toll Brothers (NYSE:TOL) Given New $130.00 Price Target at Wells Fargo & Company

Toll Brothers (NYSE:TOL - Get Free Report) had its target price hoisted by Wells Fargo & Company from $125.00 to $130.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the construction company's stock. Wells Fargo & Company's target price points to a potential upside of 13.20% from the company's current price.

A number of other brokerages have also issued reports on TOL. Wall Street Zen upgraded shares of Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Oppenheimer cut their price objective on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a research note on Thursday, May 15th. Raymond James Financial reiterated a "strong-buy" rating and issued a $130.00 target price (down previously from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. Keefe, Bruyette & Woods reduced their price objective on Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a research note on Tuesday, May 20th. Finally, Royal Bank Of Canada lowered their target price on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.46.

Toll Brothers Trading Up 0.9%

Shares of TOL opened at $114.85 on Friday. Toll Brothers has a 1-year low of $86.67 and a 1-year high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44. The firm has a 50 day simple moving average of $105.13 and a 200-day simple moving average of $113.82. The stock has a market cap of $11.28 billion, a price-to-earnings ratio of 8.52, a price-to-earnings-growth ratio of 1.16 and a beta of 1.35.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.86 by $0.64. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm earned $3.38 earnings per share. Toll Brothers's revenue was down 3.5% compared to the same quarter last year. Equities analysts forecast that Toll Brothers will post 13.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Toll Brothers

A number of large investors have recently modified their holdings of TOL. Norges Bank bought a new position in Toll Brothers in the fourth quarter valued at about $149,924,000. Long Pond Capital LP acquired a new position in Toll Brothers during the 1st quarter worth approximately $117,870,000. Balyasny Asset Management L.P. lifted its stake in Toll Brothers by 24,475.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company's stock valued at $140,400,000 after purchasing an additional 1,110,192 shares during the last quarter. D1 Capital Partners L.P. acquired a new stake in Toll Brothers in the fourth quarter valued at approximately $106,428,000. Finally, Victory Capital Management Inc. boosted its position in Toll Brothers by 149.5% in the first quarter. Victory Capital Management Inc. now owns 974,587 shares of the construction company's stock valued at $102,907,000 after buying an additional 583,940 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

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.

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