Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Annex Advisory Services LLC

Annex Advisory Services LLC cut its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,564 shares of the construction company’s stock after selling 199 shares during the quarter. Annex Advisory Services LLC’s holdings in Toll Brothers were worth $5,865,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TOL. Capital Performance Advisors LLP acquired a new position in shares of Toll Brothers during the third quarter worth $27,000. Brooklyn Investment Group acquired a new position in Toll Brothers in the third quarter worth $27,000. Larson Financial Group LLC raised its position in shares of Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares during the period. ORG Partners LLC acquired a new position in shares of Toll Brothers during the fourth quarter valued at $25,000. Finally, UMB Bank n.a. grew its position in Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after purchasing an additional 207 shares during the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Christine Garvey sold 204 shares of the firm’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 sale, the director now owns 7,728 shares of the company’s stock, valued at $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the business’s 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 $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,202 shares of company stock valued at $1,947,436 over the last three months. Company insiders own 1.54% of the company’s stock.

Wall Street Analyst Weigh In

TOL has been the subject of a number of research analyst reports. Citigroup cut their price target on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a report on Monday, January 6th. 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 report on Wednesday, December 11th. UBS Group lowered their price target on Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $189.00 price objective on shares of Toll Brothers in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 target price (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $156.64.

Toll Brothers Trading Up 0.8 %

Shares of TOL opened at $135.40 on Monday. The stock’s fifty day simple moving average is $141.28 and its 200-day simple moving average is $141.27. The company has a quick ratio of 0.80, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $13.55 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 0.94 and a beta of 1.74. Toll Brothers, Inc. has a 12-month low of $95.46 and a 12-month high of $169.52.

Toll Brothers (NYSE:TOL) last issued 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 company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $4.11 EPS. As a group, research analysts predict that Toll Brothers, Inc. will post 14.25 earnings per share for the current year.

Toll Brothers Announces Dividend

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