Diversified Trust Co Has $905,000 Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Diversified Trust Co trimmed its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 59.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,185 shares of the construction company’s stock after selling 10,713 shares during the quarter. Diversified Trust Co’s holdings in Toll Brothers were worth $905,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Franklin Resources Inc. lifted its stake in shares of Toll Brothers by 5.4% in the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock worth $27,659,000 after acquiring an additional 9,195 shares during the period. World Investment Advisors LLC acquired a new position in shares of Toll Brothers in the third quarter worth approximately $12,506,000. Chartwell Investment Partners LLC lifted its stake in shares of Toll Brothers by 66.5% in the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock worth $5,453,000 after acquiring an additional 14,092 shares during the period. Avior Wealth Management LLC lifted its stake in shares of Toll Brothers by 4,894.1% in the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after acquiring an additional 3,328 shares during the period. Finally, MML Investors Services LLC lifted its stake in shares of Toll Brothers by 22.4% in the third quarter. MML Investors Services LLC now owns 23,005 shares of the construction company’s stock worth $3,554,000 after acquiring an additional 4,209 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Trading Up 2.5 %

NYSE TOL opened at $126.93 on Friday. The company has a market cap of $12.70 billion, a price-to-earnings ratio of 8.45, a P/E/G ratio of 1.00 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 business has a 50 day moving average price of $143.81 and a 200-day moving average price of $140.23. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37.

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 during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the company posted $4.11 earnings per share. Toll Brothers’s revenue was up 10.4% compared to the same quarter last year. As a group, equities analysts expect that Toll Brothers, Inc. will post 14.57 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.72%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.12%.

Insider Buying and Selling

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the transaction, the chief executive officer now owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. The trade was a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christine Garvey sold 204 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the transaction, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. This represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,202 shares of company stock worth $5,903,186. 1.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on TOL. Evercore ISI lifted their price objective on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Royal Bank of Canada lifted their target price on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Wells Fargo & Company lifted their target price on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Oppenheimer reiterated an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 target price (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.07.

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.