Davis R M Inc. Sells 10,647 Shares of Toll Brothers, Inc. (NYSE:TOL)

Davis R M Inc. cut its position in Toll Brothers, Inc. (NYSE:TOL) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 151,884 shares of the construction company’s stock after selling 10,647 shares during the quarter. Davis R M Inc. owned approximately 0.15% of Toll Brothers worth $19,130,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vista Investment Partners II LLC bought a new position in Toll Brothers in the fourth quarter worth about $1,213,000. Independent Advisor Alliance raised its holdings in Toll Brothers by 10.1% in the fourth quarter. Independent Advisor Alliance now owns 2,450 shares of the construction company’s stock worth $309,000 after purchasing an additional 225 shares in the last quarter. Moran Wealth Management LLC raised its holdings in Toll Brothers by 5.4% in the fourth quarter. Moran Wealth Management LLC now owns 34,674 shares of the construction company’s stock worth $4,367,000 after purchasing an additional 1,787 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Toll Brothers by 24.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,130 shares of the construction company’s stock worth $3,795,000 after purchasing an additional 5,832 shares in the last quarter. Finally, Ruffer LLP acquired a new position in shares of Toll Brothers during the fourth quarter valued at about $2,882,000. 91.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Christine Garvey sold 420 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the transaction, the director now owns 13,186 shares in the company, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the transaction, the chief financial officer now owns 20,618 shares in the company, valued at $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 have sold 15,622 shares of company stock worth $1,993,880. Corporate insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Evercore ISI upped their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. The Goldman Sachs Group cut their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Keefe, Bruyette & Woods cut their price objective on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.57.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $107.08 on Tuesday. 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, Inc. has a twelve month low of $105.73 and a twelve month high of $169.52. The company’s 50 day moving average is $124.76 and its 200 day moving average is $139.87. The company has a market cap of $10.65 billion, a PE ratio of 7.37, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. On average, sell-side analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a $0.23 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.86%. Toll Brothers’s dividend payout ratio is presently 6.33%.

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.