Byrne Asset Management LLC Has $1.94 Million Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Byrne Asset Management LLC cut its position in Toll Brothers, Inc. (NYSE:TOL) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,410 shares of the construction company’s stock after selling 224 shares during the period. Toll Brothers accounts for about 1.4% of Byrne Asset Management LLC’s investment portfolio, making the stock its 15th biggest position. Byrne Asset Management LLC’s holdings in Toll Brothers were worth $1,941,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Creative Planning boosted its holdings in shares of Toll Brothers by 14.1% in the 2nd quarter. Creative Planning now owns 9,260 shares of the construction company’s stock worth $1,067,000 after acquiring an additional 1,147 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Toll Brothers by 22.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,569 shares of the construction company’s stock worth $181,000 after buying an additional 290 shares in the last quarter. Cetera Investment Advisers grew its holdings in Toll Brothers by 19.1% during the 2nd quarter. Cetera Investment Advisers now owns 27,000 shares of the construction company’s stock worth $3,110,000 after acquiring an additional 4,336 shares during the last quarter. GAMMA Investing LLC increased its position in Toll Brothers by 27.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,368 shares of the construction company’s stock valued at $211,000 after acquiring an additional 294 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its stake in shares of Toll Brothers by 7.6% in the third quarter. Atomi Financial Group Inc. now owns 2,932 shares of the construction company’s stock worth $453,000 after acquiring an additional 206 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Oppenheimer reaffirmed an “outperform” rating and set a $189.00 price objective on shares of Toll Brothers in a research note on Thursday, December 12th. Royal Bank of Canada increased their target price on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Bank of America cut their target price on shares of Toll Brothers from $165.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Finally, UBS Group decreased their price objective on Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Toll Brothers Stock Performance

Shares of NYSE TOL opened at $124.32 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 4.92. The stock has a 50 day moving average price of $135.40 and a 200 day moving average price of $142.47. The stock has a market capitalization of $12.42 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 1.15 and a beta of 1.76. Toll Brothers, Inc. has a 52 week low of $98.54 and a 52 week high of $169.52.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company 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 posted $4.11 EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Analysts predict that Toll Brothers, Inc. will post 14.15 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers’s payout ratio is presently 6.12%.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the sale, the director now owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. This represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,202 shares of company stock worth $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.