Wilmington Savings Fund Society FSB Lowers Stake in Toll Brothers, Inc. (NYSE:TOL)

Wilmington Savings Fund Society FSB lessened its holdings in Toll Brothers, Inc. (NYSE:TOL) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,156 shares of the construction company’s stock after selling 403 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Toll Brothers were worth $1,531,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of TOL. Fiduciary Alliance LLC purchased a new stake in shares of Toll Brothers in the fourth quarter valued at approximately $1,117,000. Franklin Resources Inc. increased its holdings in Toll Brothers by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock worth $27,659,000 after acquiring an additional 9,195 shares in the last quarter. World Investment Advisors LLC acquired a new position in Toll Brothers during the third quarter worth $12,506,000. Chartwell Investment Partners LLC lifted its holdings in Toll Brothers by 66.5% during the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after purchasing an additional 14,092 shares in the last quarter. Finally, Avior Wealth Management LLC grew its position in shares of Toll Brothers by 4,894.1% in the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock valued at $525,000 after purchasing an additional 3,328 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Down 6.5 %

TOL stock opened at $124.32 on Monday. Toll Brothers, Inc. has a one year low of $98.54 and a one year high of $169.52. The firm has a market cap of $12.42 billion, a PE ratio of 8.27, a PEG ratio of 1.15 and a beta of 1.76. The firm’s 50 day moving average price is $134.58 and its 200-day moving average price is $142.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 4.92.

Toll Brothers (NYSE:TOL) last posted its earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.11 earnings per share. On average, equities research analysts anticipate that Toll Brothers, Inc. will post 14.15 EPS for the current year.

Toll Brothers Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently weighed in on TOL. Barclays reduced 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. Keefe, Bruyette & Woods downgraded Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $168.00 to $164.00 in a research report on Tuesday, December 10th. Bank of America dropped their price target on Toll Brothers from $165.00 to $156.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Royal Bank of Canada raised their price objective on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and an average price target of $156.00.

Insider Buying and Selling at Toll Brothers

In other news, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the sale, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Christine Garvey sold 204 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of 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 disclosure for this sale can be found here. Insiders sold a total of 15,202 shares of company stock worth $1,947,436 over the last three months. Insiders own 1.54% 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.