Elevated Capital Advisors LLC Cuts Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Elevated Capital Advisors LLC reduced its position in Toll Brothers, Inc. (NYSE:TOL) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,218 shares of the construction company’s stock after selling 374 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Toll Brothers were worth $657,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC grew its stake in Toll Brothers by 97.7% during the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after purchasing an additional 1,046,758 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Toll Brothers during the third quarter worth about $111,562,000. Pacer Advisors Inc. grew its position in shares of Toll Brothers by 34.8% during the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after buying an additional 541,140 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in Toll Brothers by 81.0% in 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 in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Toll Brothers in the third quarter worth approximately $38,985,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Toll Brothers news, Director Christine Garvey sold 204 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the sale, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. The trade was a 2.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction dated Wednesday, October 16th. The shares were 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 owns 221,382 shares of the company’s stock, valued at $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 a total of 40,202 shares of company stock valued at $5,903,186 over the last quarter. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

Shares of TOL opened at $125.94 on Tuesday. 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 fifty-two week low of $95.46 and a fifty-two week high of $169.52. The firm has a 50-day simple moving average of $142.92 and a 200-day simple moving average of $140.68. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 1.00 and a beta of 1.74.

Toll Brothers (NYSE:TOL) last announced its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share 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 company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the business posted $4.11 EPS. The company’s revenue was up 10.4% on a year-over-year basis. On average, equities research analysts anticipate that Toll Brothers, Inc. will post 14.57 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.12%.

Analysts Set New Price Targets

A number of equities research analysts have commented on TOL shares. UBS Group dropped their price objective on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Oppenheimer restated an “outperform” rating and issued a $189.00 price target on shares of Toll Brothers in a research note on Thursday, December 12th. Wedbush reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research report on Wednesday, December 11th. Citigroup cut their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 price target (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $158.07.

About Toll Brothers

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.