Consolidated Capital Management LLC Lowers Stake in Toll Brothers, Inc. (NYSE:TOL)

Consolidated Capital Management LLC cut its stake in Toll Brothers, Inc. (NYSE:TOL) by 2.1% in the 4th quarter, Holdings Channel reports. The fund owned 37,531 shares of the construction company’s stock after selling 790 shares during the quarter. Toll Brothers comprises about 2.1% of Consolidated Capital Management LLC’s holdings, making the stock its 19th largest position. Consolidated Capital Management LLC’s holdings in Toll Brothers were worth $4,727,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in TOL. HB Wealth Management LLC purchased a new position in shares of Toll Brothers in the 4th quarter worth about $243,000. Merit Financial Group LLC purchased a new stake in Toll Brothers in the fourth quarter worth approximately $753,000. Hennessy Advisors Inc. grew its position in Toll Brothers by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 78,900 shares of the construction company’s stock valued at $9,937,000 after acquiring an additional 5,000 shares during the last quarter. Beech Hill Advisors Inc. purchased a new position in Toll Brothers in the 4th quarter worth $1,944,000. Finally, Burney Co. lifted its stake in Toll Brothers by 6.0% in the fourth quarter. Burney Co. now owns 339,856 shares of the construction company’s stock worth $42,805,000 after purchasing an additional 19,373 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Up 0.8 %

TOL stock opened at $135.40 on Monday. 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 stock has a market capitalization of $13.55 billion, a P/E ratio of 9.01, a P/E/G ratio of 0.94 and a beta of 1.74. The business has a fifty day moving average price of $141.28 and a 200-day moving average price of $141.27.

Toll Brothers (NYSE:TOL) last posted its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.29. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.11 EPS. Equities analysts forecast that Toll Brothers, Inc. will post 14.25 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and issued a $189.00 price objective on shares of Toll Brothers in a research report on Thursday, December 12th. Royal Bank of Canada raised their target price on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Barclays lowered their price target on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a report on Thursday. Finally, Wells Fargo & Company raised their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Two equities 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 given a strong buy rating to the company. According to MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus price target of $156.64.

Insiders Place Their Bets

In other Toll Brothers news, Director Christine Garvey sold 204 shares of the business’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 completion of the sale, the director now directly owns 7,728 shares in the company, valued at $972,027.84. The trade was a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction dated 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 $16,088,349.18. The trade was a 3.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,202 shares of company stock valued at $1,947,436. Company insiders own 1.54% of the company’s stock.

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.