Nisa Investment Advisors LLC Sells 9,337 Shares of Toll Brothers, Inc. (NYSE:TOL)

Nisa Investment Advisors LLC trimmed its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 23.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,302 shares of the construction company’s stock after selling 9,337 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Toll Brothers were worth $3,817,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TOL. ORG Partners LLC bought a new stake in Toll Brothers during the fourth quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new position in shares of Toll Brothers in the 3rd quarter worth approximately $27,000. Brooklyn Investment Group bought a new position in shares of Toll Brothers during the 3rd quarter valued at approximately $27,000. Larson Financial Group LLC lifted its position in Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Toll Brothers by 323.4% during the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after buying an additional 207 shares during the period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction on Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the sale, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the transaction, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,202 shares of company stock valued at $1,947,436. 1.54% of the stock is currently owned by insiders.

Toll Brothers Trading Down 1.2 %

NYSE TOL opened at $135.04 on Friday. The company’s 50-day simple moving average is $139.51 and its two-hundred day simple moving average is $141.94. Toll Brothers, Inc. has a one year low of $96.33 and a one year high of $169.52. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 1.04 and a beta of 1.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 4.92.

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

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a dividend of $0.23 per share. The ex-dividend date was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.68%. Toll Brothers’s payout ratio is 6.12%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TOL shares. 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. JPMorgan Chase & Co. restated a “neutral” rating and set a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Keefe, Bruyette & Woods downgraded Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $168.00 to $164.00 in a report on Tuesday, December 10th. Oppenheimer restated an “outperform” rating and set a $189.00 price objective on shares of Toll Brothers in a report on Thursday, December 12th. Finally, Evercore ISI increased their target price on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Two investment 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $156.64.

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.