Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd decreased its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 16.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,050 shares of the construction company’s stock after selling 4,745 shares during the quarter. Cumberland Partners Ltd’s holdings in Toll Brothers were worth $3,029,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. ORG Partners LLC acquired a new position in Toll Brothers during the 4th quarter valued at about $25,000. Capital Performance Advisors LLP bought a new stake in shares of Toll Brothers during the third quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in shares of Toll Brothers during the third quarter worth approximately $27,000. Larson Financial Group LLC grew its holdings in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. increased its position in Toll Brothers by 806.5% in the 4th 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 during the period. Institutional investors own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

TOL has been the subject of several recent analyst reports. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. UBS Group decreased their price target on Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Citigroup dropped their price objective on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $189.00 target price on shares of Toll Brothers in a research note on Thursday, December 12th. One equities research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $155.43.

Toll Brothers Stock Performance

Shares of TOL opened at $114.88 on Thursday. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 7.91, a price-to-earnings-growth ratio of 1.05 and a beta of 1.76. The company’s fifty day moving average is $129.49 and its 200-day moving average is $141.58. The company has a quick ratio of 0.80, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. Toll Brothers, Inc. has a 12 month low of $100.47 and a 12 month high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a return on equity of 18.52% and a net margin of 14.03%. Equities analysts expect that Toll Brothers, Inc. will post 14.15 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio is 6.33%.

Insider Buying and Selling

In other news, CFO Martin P. Connor sold 11,140 shares of the firm’s 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 directly owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christine Garvey sold 204 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the transaction, the director now directly owns 7,728 shares of the company’s stock, valued at $972,027.84. This represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 15,202 shares of company stock valued at $1,947,436. Company insiders own 1.54% of the company’s stock.

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.