Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Outfitter Financial LLC

Outfitter Financial LLC cut its stake in Toll Brothers, Inc. (NYSE:TOL) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,640 shares of the construction company’s stock after selling 380 shares during the period. Toll Brothers comprises about 1.3% of Outfitter Financial LLC’s holdings, making the stock its 29th largest holding. Outfitter Financial LLC’s holdings in Toll Brothers were worth $1,592,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Creative Planning lifted its holdings in Toll Brothers by 11.5% during the 3rd quarter. Creative Planning now owns 10,323 shares of the construction company’s stock worth $1,595,000 after buying an additional 1,063 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in Toll Brothers in the third quarter valued at approximately $265,000. Blue Trust Inc. raised its holdings in Toll Brothers by 111.4% during the third quarter. Blue Trust Inc. now owns 353 shares of the construction company’s stock worth $55,000 after purchasing an additional 186 shares in the last quarter. OLD National Bancorp IN purchased a new stake in shares of Toll Brothers during the 3rd quarter worth approximately $207,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Toll Brothers by 74.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 582 shares of the construction company’s stock valued at $90,000 after buying an additional 249 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the sale, the director now owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction dated 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 sale, the chief financial officer now owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,202 shares of company stock worth $1,947,436. 1.54% of the stock is owned by insiders.

Toll Brothers Stock Up 0.2 %

TOL stock opened at $115.16 on Friday. Toll Brothers, Inc. has a 52 week low of $106.95 and a 52 week high of $169.52. The company has a market cap of $11.50 billion, a P/E ratio of 7.93, a P/E/G ratio of 0.99 and a beta of 1.76. The company’s 50-day moving average price is $129.02 and its 200 day moving average price is $141.40. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. On average, research analysts expect that Toll Brothers, Inc. will post 14.15 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a dividend of $0.23 per share. The ex-dividend date was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.80%. Toll Brothers’s dividend payout ratio is currently 6.33%.

Wall Street Analyst Weigh In

TOL has been the subject of a number of research reports. Wells Fargo & Company reduced their price target on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday. Wedbush reaffirmed an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research report on Friday, February 14th. Bank of America decreased their price objective on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a report on Thursday. Citigroup cut their target price on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.86.

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.