D.A. Davidson & CO. Sells 734 Shares of Toll Brothers, Inc. (NYSE:TOL)

D.A. Davidson & CO. lessened its position in Toll Brothers, Inc. (NYSE:TOL) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,168 shares of the construction company’s stock after selling 734 shares during the period. D.A. Davidson & CO.’s holdings in Toll Brothers were worth $1,029,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CIBC Asset Management Inc raised its position in Toll Brothers by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,223 shares of the construction company’s stock worth $406,000 after buying an additional 169 shares during the last quarter. Principal Securities Inc. lifted its position in Toll Brothers by 25.2% during the fourth quarter. Principal Securities Inc. now owns 541 shares of the construction company’s stock valued at $68,000 after purchasing an additional 109 shares during the period. Blue Trust Inc. raised its stake in Toll Brothers by 136.3% during the 4th quarter. Blue Trust Inc. now owns 834 shares of the construction company’s stock valued at $105,000 after buying an additional 481 shares during the last quarter. Vicus Capital lifted its holdings in shares of Toll Brothers by 20.1% during the 4th quarter. Vicus Capital now owns 1,623 shares of the construction company’s stock valued at $204,000 after buying an additional 272 shares during the period. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Toll Brothers by 28.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 8,064 shares of the construction company’s stock worth $1,020,000 after buying an additional 1,764 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

TOL has been the subject of a number of research reports. Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Evercore ISI raised their target price on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Oppenheimer cut their price objective on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a research note on Thursday. Citigroup cut their price target on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, Wells Fargo & Company lowered their price objective on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $150.86.

Insider Transactions at Toll Brothers

In related news, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the transaction, 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 position. 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 business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the sale, the director now directly owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,202 shares of company stock worth $1,947,436. 1.54% of the stock is currently owned by insiders.

Toll Brothers Price Performance

TOL stock opened at $111.45 on Monday. The stock has a market cap of $11.13 billion, a PE ratio of 7.67, a P/E/G ratio of 1.02 and a beta of 1.76. Toll Brothers, Inc. has a 12 month low of $107.79 and a 12 month high of $169.52. The company has a 50-day moving average price of $128.57 and a 200 day moving average price of $141.49. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Equities research analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.83%. Toll Brothers’s payout ratio is 6.33%.

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.