MinichMacGregor Wealth Management LLC Decreases Stake in Toll Brothers, Inc. (NYSE:TOL)

MinichMacGregor Wealth Management LLC trimmed its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,875 shares of the construction company’s stock after selling 5,193 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in Toll Brothers were worth $6,030,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TOL. Larson Financial Group LLC raised its position in shares of Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in Toll Brothers by 1.4% in the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after acquiring an additional 72 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in Toll Brothers by 3.7% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock valued at $363,000 after acquiring an additional 83 shares during the last quarter. Versant Capital Management Inc grew its holdings in Toll Brothers by 15.1% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock worth $88,000 after acquiring an additional 92 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its position in shares of Toll Brothers by 4.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,749 shares of the construction company’s stock worth $317,000 after purchasing an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

NYSE TOL opened at $136.28 on Thursday. Toll Brothers, Inc. has a 12 month low of $95.46 and a 12 month high of $169.52. The firm has a market capitalization of $13.63 billion, a PE ratio of 9.07, a P/E/G ratio of 1.03 and a beta of 1.74. The company’s 50 day simple moving average is $140.51 and its 200 day simple moving average is $141.62. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL) last issued its quarterly 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. 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 analysts’ expectations of $3.17 billion. During the same period last year, the firm earned $4.11 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities research analysts forecast that Toll Brothers, Inc. will post 14.25 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers’s payout ratio is 6.12%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TOL shares. Keefe, Bruyette & Woods downgraded Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $168.00 to $164.00 in a research note on Tuesday, December 10th. Citigroup lowered their price target on 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 shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Oppenheimer reiterated an “outperform” rating and set a $189.00 target price on shares of Toll Brothers in a research note on Thursday, December 12th. Finally, Wells Fargo & Company raised their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average price target of $156.64.

Insider Activity

In other news, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the sale, the director now directly 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 legal filing with the SEC, which is available through this link. Also, Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the sale, the director now directly owns 119,937 shares in the company, valued at $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. In the last quarter, insiders sold 15,202 shares of company stock worth $1,947,436. Corporate insiders own 1.54% of the company’s stock.

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.