HM Payson & Co. Sells 300 Shares of Toll Brothers, Inc. (NYSE:TOL)

HM Payson & Co. trimmed its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,960 shares of the construction company’s stock after selling 300 shares during the period. HM Payson & Co.’s holdings in Toll Brothers were worth $247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new position in Toll Brothers during the fourth quarter valued at about $25,000. Capital Performance Advisors LLP bought a new stake in shares of Toll Brothers in the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group bought a new stake in shares of Toll Brothers in the 3rd quarter valued at approximately $27,000. Larson Financial Group LLC grew its stake in shares of Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares during the period. Finally, Promus Capital LLC bought a new stake in shares of Toll Brothers in the 4th quarter valued at approximately $29,000. 91.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TOL shares. StockNews.com lowered Toll Brothers from a “hold” rating to a “sell” rating in a research note on Monday, March 3rd. Evercore ISI upped their price objective on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Barclays lowered their price objective on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods decreased their price target on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 25th. Finally, UBS Group decreased their price target on Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $147.57.

Insider Activity

In other Toll Brothers news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the transaction, the director now directly owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 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 disclosure for this sale can be found here. Insiders have sold a total of 15,622 shares of company stock valued at $1,993,880 in the last 90 days. 1.54% of the stock is owned by company insiders.

Toll Brothers Stock Down 1.6 %

Shares of TOL opened at $109.40 on Monday. The firm has a market capitalization of $10.88 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 1.02 and a beta of 1.77. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The business’s fifty day moving average price is $125.14 and its two-hundred day moving average price is $140.11. Toll Brothers, Inc. has a 52 week low of $105.73 and a 52 week high of $169.52.

Toll Brothers (NYSE:TOL) last announced 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 the consensus estimate of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. On average, analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 6.33%.

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.