Ashton Thomas Private Wealth LLC Sells 289 Shares of Toll Brothers, Inc. (NYSE:TOL)

Ashton Thomas Private Wealth LLC decreased its stake in Toll Brothers, Inc. (NYSE:TOL) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,789 shares of the construction company’s stock after selling 289 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Toll Brothers were worth $351,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in TOL. Larson Financial Group LLC raised its position in shares of Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Toll Brothers by 34.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock valued at $37,000 after purchasing an additional 75 shares during the period. Nilsine Partners LLC raised its position in shares of Toll Brothers by 0.5% in the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock valued at $2,433,000 after purchasing an additional 88 shares during the period. Versant Capital Management Inc raised its position in shares of Toll Brothers by 15.1% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock valued at $88,000 after purchasing an additional 92 shares during the period. Finally, CIBC Asset Management Inc raised its position in shares of Toll Brothers by 3.7% in the third quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company’s stock valued at $472,000 after purchasing an additional 109 shares during the period. Institutional investors own 91.76% of the company’s stock.

Insider Activity

In other news, Director Christine Garvey sold 204 shares of the company’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 of the company’s stock, valued at approximately $972,027.84. This represents a 2.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the sale, the director now directly owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,622 shares of company stock valued at $1,993,880. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

TOL stock opened at $107.08 on Tuesday. 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, Inc. has a one year low of $105.73 and a one year high of $169.52. The stock has a market cap of $10.65 billion, a PE ratio of 7.37, a P/E/G ratio of 1.02 and a beta of 1.77. The firm has a 50 day simple moving average of $124.76 and a two-hundred day simple moving average of $139.87.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (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 business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. On average, analysts predict that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research report on Friday, February 14th. UBS Group lowered their price target on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Royal Bank of Canada reduced their price objective on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, Oppenheimer reduced their price objective on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. 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 issued a strong buy rating to the stock. According to MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average target price of $147.57.

Toll Brothers 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.