Toll Brothers, Inc. (NYSE:TOL) Stock Position Reduced by Sib LLC

Sib LLC lessened its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 3.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 65,397 shares of the construction company’s stock after selling 2,552 shares during the period. Toll Brothers accounts for 4.3% of Sib LLC’s investment portfolio, making the stock its 10th biggest holding. Sib LLC’s holdings in Toll Brothers were worth $8,237,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. DekaBank Deutsche Girozentrale grew its position in Toll Brothers by 17.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 8,791 shares of the construction company’s stock worth $1,009,000 after purchasing an additional 1,334 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Toll Brothers by 4.5% during the second quarter. Envestnet Asset Management Inc. now owns 27,243 shares of the construction company’s stock worth $3,138,000 after buying an additional 1,162 shares during the last quarter. Axxcess Wealth Management LLC increased its position in Toll Brothers by 4.6% in the 2nd quarter. Axxcess Wealth Management LLC now owns 9,696 shares of the construction company’s stock valued at $1,117,000 after acquiring an additional 428 shares during the period. Mutual of America Capital Management LLC raised its stake in Toll Brothers by 2.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 63,821 shares of the construction company’s stock valued at $7,351,000 after acquiring an additional 1,682 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of Toll Brothers by 8.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 21,066 shares of the construction company’s stock valued at $2,426,000 after purchasing an additional 1,702 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Keefe, Bruyette & Woods downgraded Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. Oppenheimer reiterated an “outperform” rating and set a $189.00 target price on shares of Toll Brothers in a research report on Thursday, December 12th. Royal Bank of Canada raised their price target on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Citigroup dropped their target price on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.64.

Toll Brothers Trading Up 0.8 %

Shares of NYSE TOL opened at $135.40 on Friday. The company has a quick ratio of 0.80, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $13.55 billion, a P/E ratio of 9.01, a PEG ratio of 0.94 and a beta of 1.74. Toll Brothers, Inc. has a 52-week low of $95.46 and a 52-week high of $169.52. The stock’s 50 day moving average price is $141.28 and its two-hundred day moving average price is $140.86.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter last year, the business posted $4.11 EPS. The business’s revenue was up 10.4% on a year-over-year basis. On average, analysts anticipate that Toll Brothers, Inc. will post 14.25 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers’s payout ratio is 6.12%.

Insiders Place Their Bets

In related news, Director Paul E. Shapiro sold 3,837 shares of the business’s 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 sale, the director now owns 119,937 shares of the company’s stock, valued at $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christine Garvey sold 204 shares of the stock in a transaction on Monday, December 30th. The shares were 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 approximately $972,027.84. The trade was 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 sold 15,202 shares of company stock worth $1,947,436. Insiders own 1.54% of the company’s stock.

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.