Cookson Peirce & Co. Inc. Cuts Stake in Toll Brothers, Inc. (NYSE:TOL)

Cookson Peirce & Co. Inc. lowered its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 174,422 shares of the construction company’s stock after selling 9,139 shares during the quarter. Cookson Peirce & Co. Inc. owned approximately 0.17% of Toll Brothers worth $21,968,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. ORG Partners LLC bought a new position in shares of Toll Brothers during the 4th quarter valued at approximately $25,000. Capital Performance Advisors LLP purchased a new position in Toll Brothers in the third quarter valued at approximately $27,000. Brooklyn Investment Group bought a new position in Toll Brothers during the third quarter valued at $27,000. Larson Financial Group LLC increased its position in Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. raised its stake 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 buying an additional 250 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of TOL opened at $108.29 on Wednesday. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $126.16 and a 200-day moving average price of $140.65. The company has a market cap of $10.82 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a 12-month low of $105.73 and a 12-month high of $169.52.

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

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.85%. Toll Brothers’s dividend payout ratio is presently 6.33%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 204 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now directly owns 7,728 shares in the company, valued at $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction that occurred 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 transaction, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,622 shares of company stock worth $1,993,880 over the last 90 days. Corporate insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TOL shares. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Evercore ISI lifted their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Citigroup lowered their price target on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company cut their price objective on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Finally, Barclays lowered their target price on shares of Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.