Davis R M Inc. Decreases Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Davis R M Inc. decreased its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,884 shares of the construction company’s stock after selling 10,647 shares during the period. Davis R M Inc.’s holdings in Toll Brothers were worth $19,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fiduciary Alliance LLC purchased a new position in Toll Brothers in the 4th quarter valued at $1,117,000. Franklin Resources Inc. lifted 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 valued at $27,659,000 after purchasing an additional 9,195 shares in the last quarter. World Investment Advisors LLC purchased a new position in Toll Brothers in the 3rd quarter valued at $12,506,000. Chartwell Investment Partners LLC lifted its holdings in Toll Brothers by 66.5% in the 3rd 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 lifted its holdings in Toll Brothers by 4,894.1% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $107.08 on Tuesday. The business has a 50-day moving average of $124.76 and a 200 day moving average of $139.87. Toll Brothers, Inc. has a 12 month low of $105.73 and a 12 month high of $169.52. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 7.37, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. As a group, sell-side analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is 6.33%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TOL. Barclays decreased their price objective on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a report on Tuesday, February 25th. Evercore ISI raised their target price on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. UBS Group cut their target price on Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Wedbush reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 target price (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $147.57.

Insider Activity at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the transaction, the director now owns 119,937 shares in the company, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the transaction, the director now owns 13,186 shares of the company’s stock, valued at $1,458,107.88. The trade was a 3.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,622 shares of company stock worth $1,993,880 in the last three months. 1.54% of the stock is owned by company insiders.

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.