Clear Harbor Asset Management LLC lessened its stake in Toll Brothers, Inc. (NYSE:TOL – Free Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,826 shares of the construction company’s stock after selling 345 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Toll Brothers were worth $1,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Toll Brothers by 97.7% in the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after buying an additional 1,046,758 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Toll Brothers in the 3rd quarter worth $111,562,000. Point72 Asset Management L.P. boosted its position in shares of Toll Brothers by 81.0% during the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after buying an additional 431,160 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Toll Brothers in the 3rd quarter worth about $38,985,000. Finally, Jennison Associates LLC boosted its holdings in shares of Toll Brothers by 35.1% during the 3rd quarter. Jennison Associates LLC now owns 884,291 shares of the construction company’s stock valued at $136,614,000 after acquiring an additional 229,603 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.
Toll Brothers Trading Up 0.8 %
TOL stock opened at $135.40 on Tuesday. The company has a market capitalization of $13.55 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 1.03 and a beta of 1.74. 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, Inc. has a 1-year low of $95.46 and a 1-year high of $169.52. The business has a 50 day simple moving average of $140.84 and a two-hundred day simple moving average of $141.44.
Toll Brothers Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.68%. Toll Brothers’s dividend payout ratio (DPR) is 6.12%.
Insider Activity
In other Toll Brothers 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 directly 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 legal filing with the SEC, which is available through this link. Also, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 7,728 shares of the company’s stock, valued at $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 ninety days, insiders sold 15,202 shares of company stock worth $1,947,436. 1.54% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of research firms have commented on TOL. Barclays cut their target price on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. 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 report on Wednesday, December 11th. Oppenheimer reissued an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a research report on Thursday, December 12th. Wedbush reiterated an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday, December 11th. Finally, Citigroup dropped their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.64.
Get Our Latest Research Report on Toll Brothers
About Toll Brothers
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.
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