Mirae Asset Global Investments Co. Ltd. Sells 1,635 Shares of Toll Brothers, Inc. (NYSE:TOL)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in Toll Brothers, Inc. (NYSE:TOL) by 18.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,158 shares of the construction company’s stock after selling 1,635 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Toll Brothers were worth $903,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Toll Brothers during the 3rd quarter worth $27,000. Brooklyn Investment Group acquired a new position in Toll Brothers in the third quarter valued at about $27,000. Larson Financial Group LLC lifted its position in Toll Brothers by 57.9% during the third 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 bought a new position in Toll Brothers in the 4th quarter valued at about $25,000. Finally, UMB Bank n.a. raised its position in shares of Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after buying an additional 207 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In related news, 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 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. The trade was a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction dated 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 owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,202 shares of company stock worth $1,947,436 over the last ninety days. 1.54% of the stock is owned by insiders.

Toll Brothers Stock Down 0.2 %

Shares of NYSE TOL opened at $124.93 on Wednesday. The company has a 50 day simple moving average of $133.81 and a 200 day simple moving average of $142.48. 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, Inc. has a 1 year low of $98.54 and a 1 year high of $169.52. The firm has a market cap of $12.48 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 1.15 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, topping analysts’ consensus estimates 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%. Toll Brothers’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.11 earnings per share. On average, research analysts forecast that Toll Brothers, Inc. will post 14.15 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders 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 annualized dividend and a dividend yield of 0.74%. Toll Brothers’s payout ratio is 6.12%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TOL. 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 raised their target price on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Wedbush reiterated an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research note on Wednesday, December 11th. Evercore ISI raised their price objective on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

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.