Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lowered its holdings in Toll Brothers, Inc. (NYSE:TOL) by 11.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 125,132 shares of the construction company’s stock after selling 15,737 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Toll Brothers were worth $15,760,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. ORG Partners LLC purchased a new stake in shares of Toll Brothers during the 4th quarter valued at about $25,000. Capital Performance Advisors LLP acquired a new stake in Toll Brothers in the third quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new stake in shares of Toll Brothers during the third quarter valued at approximately $27,000. Larson Financial Group LLC lifted its position in shares of Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Toll Brothers by 323.4% in the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after purchasing an additional 207 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling

In other news, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the sale, the director now owns 7,728 shares in the company, valued at approximately $972,027.84. This represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,202 shares of company stock valued at $1,947,436. Insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TOL. Royal Bank of Canada lifted their price target on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Oppenheimer reaffirmed an “outperform” rating and set a $189.00 target price on shares of Toll Brothers in a research report on Thursday, December 12th. UBS Group reduced their price target on Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered Toll Brothers from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. Finally, Bank of America upped their target price on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.64.

Toll Brothers Stock Up 0.0 %

TOL stock opened at $134.27 on Friday. The firm has a market cap of $13.43 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 0.94 and a beta of 1.74. Toll Brothers, Inc. has a 1-year low of $95.46 and a 1-year high of $169.52. The firm has a fifty day moving average price of $141.72 and a two-hundred day moving average price of $140.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the firm earned $4.11 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Research analysts predict that Toll Brothers, Inc. will post 14.25 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Friday, January 10th. Toll Brothers’s payout ratio is 6.12%.

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.