GAMMA Investing LLC Cuts Stake in Toll Brothers, Inc. (NYSE:TOL)

GAMMA Investing LLC trimmed its stake in Toll Brothers, Inc. (NYSE:TOL) by 11.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,208 shares of the construction company’s stock after selling 160 shares during the quarter. GAMMA Investing LLC’s holdings in Toll Brothers were worth $152,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of Toll Brothers by 97.7% in the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after purchasing an additional 1,046,758 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Toll Brothers in the 3rd quarter worth $111,562,000. Pacer Advisors Inc. boosted its holdings in Toll Brothers by 34.8% in the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $241,380,000 after acquiring an additional 541,140 shares during the last quarter. Point72 Asset Management L.P. grew its position in 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 acquiring an additional 431,160 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Toll Brothers during the third quarter worth about $38,985,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Stock Up 2.5 %

Shares of NYSE TOL opened at $126.93 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92. Toll Brothers, Inc. has a 1 year low of $95.46 and a 1 year high of $169.52. The stock’s 50-day simple moving average is $143.81 and its 200-day simple moving average is $140.23. The firm has a market cap of $12.70 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 1.00 and a beta of 1.74.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data 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. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. Toll Brothers’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $4.11 EPS. As a group, equities analysts anticipate that Toll Brothers, Inc. will post 14.57 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.72%. Toll Brothers’s dividend payout ratio (DPR) is 6.12%.

Insider Buying and Selling at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,837 shares of the company’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 approximately $16,088,349.18. This represents a 3.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the completion of the transaction, the chief executive officer now directly owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. This represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,202 shares of company stock worth $5,903,186 in the last ninety days. 1.54% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TOL shares. Royal Bank of Canada lifted their price objective on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Citigroup reduced their price target on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research report on Monday. Oppenheimer reiterated an “outperform” rating and set a $189.00 price objective on shares of Toll Brothers in a research note on Thursday, December 12th. Bank of America raised their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Wedbush reaffirmed an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research report on Wednesday, December 11th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.07.

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.