Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Tower Bridge Advisors

Tower Bridge Advisors decreased its position in Toll Brothers, Inc. (NYSE:TOL) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 83,177 shares of the construction company’s stock after selling 350 shares during the period. Toll Brothers comprises approximately 1.1% of Tower Bridge Advisors’ portfolio, making the stock its 27th biggest holding. Tower Bridge Advisors’ holdings in Toll Brothers were worth $10,476,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. ORG Partners LLC acquired a new stake in Toll Brothers in the fourth quarter valued at $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Toll Brothers in the third quarter valued at $27,000. Brooklyn Investment Group purchased a new stake in shares of Toll Brothers in the third quarter valued at $27,000. Larson Financial Group LLC lifted 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 acquiring an additional 66 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its position in shares of Toll Brothers by 806.5% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock valued at $35,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Toll Brothers stock opened at $111.64 on Friday. The stock’s 50-day moving average is $126.93 and its 200-day moving average is $140.76. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 7.68, a price-to-earnings-growth ratio of 1.02 and a beta of 1.76. 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 12 month low of $108.86 and a 12 month high of $169.52.

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

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued 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 0.82%. Toll Brothers’s dividend payout ratio (DPR) is 6.33%.

Insider Transactions at Toll Brothers

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

Wall Street Analyst Weigh In

TOL has been the topic of several recent research reports. Oppenheimer reduced their price objective on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. 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 report on Friday, December 13th. Keefe, Bruyette & Woods reduced their price objective on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research report on Tuesday. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, The Goldman Sachs Group reduced their target price on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.57.

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.