Corient Private Wealth LLC Sells 1,282 Shares of Toll Brothers, Inc. (NYSE:TOL)

Corient Private Wealth LLC reduced its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 18.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,686 shares of the construction company’s stock after selling 1,282 shares during the quarter. Corient Private Wealth LLC’s holdings in Toll Brothers were worth $716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of TOL. Cerity Partners LLC raised its stake in Toll Brothers by 50.7% during the 3rd quarter. Cerity Partners LLC now owns 23,775 shares of the construction company’s stock valued at $3,673,000 after buying an additional 7,994 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Toll Brothers by 57.9% during 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 during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Toll Brothers by 135.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,000 shares of the construction company’s stock worth $1,854,000 after purchasing an additional 6,900 shares during the period. Independent Advisor Alliance boosted its holdings in shares of Toll Brothers by 7.2% in the third quarter. Independent Advisor Alliance now owns 2,225 shares of the construction company’s stock worth $344,000 after buying an additional 149 shares during the last quarter. Finally, FMR LLC increased its holdings in Toll Brothers by 97.7% during the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after buying an additional 1,046,758 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Down 3.4 %

Shares of TOL opened at $105.15 on Friday. The business’s 50 day simple moving average is $118.90 and its 200-day simple moving average is $136.48. Toll Brothers, Inc. has a 1 year low of $102.49 and a 1 year high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 7.24, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77.

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

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a dividend of $0.25 per share. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.95%. Toll Brothers’s payout ratio is 6.88%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TOL shares. The Goldman Sachs Group cut their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Royal Bank of Canada reduced their price target on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. 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, February 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Finally, Citigroup reduced their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus target price of $147.57.

Insider Buying and Selling

In other news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now directly owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares in the company, valued at $2,599,311.26. This represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,764 shares of company stock valued at $1,476,523. Company 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.