Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Outfitter Financial LLC

Outfitter Financial LLC reduced its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,640 shares of the construction company’s stock after selling 380 shares during the period. Toll Brothers accounts for about 1.3% of Outfitter Financial LLC’s portfolio, making the stock its 29th largest holding. Outfitter Financial LLC’s holdings in Toll Brothers were worth $1,592,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of TOL. FMR LLC grew its position in shares of Toll Brothers by 97.7% during 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 acquired a new position in shares of Toll Brothers during the 3rd quarter worth approximately $111,562,000. Jennison Associates LLC boosted its position in Toll Brothers by 38.7% during the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after acquiring an additional 341,980 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Toll Brothers during the 3rd quarter worth about $38,985,000. Finally, Empowered Funds LLC grew its position in Toll Brothers by 228.1% during the fourth quarter. Empowered Funds LLC now owns 232,180 shares of the construction company’s stock valued at $29,243,000 after acquiring an additional 161,408 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction on Monday, December 16th. The shares were 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 approximately $16,088,349.18. This represents a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 transaction of $25,659.12. Following the transaction, the director now directly owns 7,728 shares in the company, 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. Insiders sold a total of 15,202 shares of company stock worth $1,947,436 over the last 90 days. Company insiders own 1.54% of the company’s stock.

Toll Brothers Stock Up 0.2 %

Shares of Toll Brothers stock opened at $115.16 on Friday. Toll Brothers, Inc. has a 12-month low of $106.95 and a 12-month high of $169.52. The company’s fifty day simple moving average is $129.02 and its two-hundred day simple moving average is $141.40. The company has a market cap of $11.50 billion, a P/E ratio of 7.93, a PEG ratio of 0.99 and a beta of 1.76. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Research analysts anticipate that Toll Brothers, Inc. will post 14.15 EPS for the current year.

Toll Brothers Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Oppenheimer dropped their price objective on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $168.00 to $164.00 in a research report on Tuesday, December 10th. Wells Fargo & Company reduced their target price on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday. Wedbush reiterated an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a report on Friday, February 14th. Finally, Royal Bank of Canada decreased their target price on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued 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, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus price target of $150.86.

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.