Ritholtz Wealth Management Has $2.07 Million Stake in Toll Brothers, Inc. (NYSE:TOL)

Ritholtz Wealth Management decreased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,401 shares of the construction company’s stock after selling 336 shares during the period. Ritholtz Wealth Management’s holdings in Toll Brothers were worth $2,066,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Beech Hill Advisors Inc. bought a new position in shares of Toll Brothers in the 4th quarter worth $1,944,000. Burney Co. lifted its holdings in shares of Toll Brothers by 6.0% in the 4th 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 in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Toll Brothers by 7.3% in the 4th quarter. Park Avenue Securities LLC now owns 2,147 shares of the construction company’s stock worth $270,000 after purchasing an additional 146 shares in the last quarter. Sovereign Financial Group Inc. lifted its holdings in shares of Toll Brothers by 16.5% in the 4th quarter. Sovereign Financial Group Inc. now owns 2,296 shares of the construction company’s stock worth $289,000 after purchasing an additional 325 shares in the last quarter. Finally, Cooper Financial Group lifted its holdings in shares of Toll Brothers by 6.9% in the 4th quarter. Cooper Financial Group now owns 2,287 shares of the construction company’s stock worth $288,000 after purchasing an additional 148 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TOL shares. Barclays cut their target price on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a report on Thursday. UBS Group cut their target price on Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. 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. Royal Bank of Canada raised 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. Finally, Oppenheimer restated an “outperform” rating and set a $189.00 price objective on shares of Toll Brothers in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $156.64.

Insider Buying and Selling

In related news, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction dated 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 sale, the director now owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the sale, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,202 shares of company stock valued at $1,947,436. 1.54% of the stock is owned by insiders.

Toll Brothers Trading Up 0.8 %

Shares of Toll Brothers stock opened at $135.40 on Friday. Toll Brothers, Inc. has a 1 year low of $95.46 and a 1 year high of $169.52. The firm has a market cap of $13.55 billion, a PE ratio of 9.01, a P/E/G ratio of 0.94 and a beta of 1.74. The stock has a fifty day moving average price of $141.28 and a 200-day moving average price of $141.07. 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 (NYSE:TOL) last announced 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. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the firm posted $4.11 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. Equities research analysts anticipate that Toll Brothers, Inc. will post 14.25 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed 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 is Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 6.12%.

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.