MinichMacGregor Wealth Management LLC Has $6.03 Million Stake in Toll Brothers, Inc. (NYSE:TOL)

MinichMacGregor Wealth Management LLC trimmed its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 9.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,875 shares of the construction company’s stock after selling 5,193 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in Toll Brothers were worth $6,030,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new stake in Toll Brothers in the 4th quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new stake in Toll Brothers during the third quarter valued at $27,000. Brooklyn Investment Group acquired a new position in Toll Brothers in the 3rd quarter worth about $27,000. Larson Financial Group LLC raised its stake 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 worth $28,000 after purchasing an additional 66 shares in the last quarter. Finally, UMB Bank n.a. grew its stake 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. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Toll Brothers

In other news, Director Christine Garvey sold 204 shares of the company’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 sale, the director now owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. This represents a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the 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 sale, the chief financial officer now owns 20,618 shares of the company’s stock, 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. Insiders have sold a total of 15,202 shares of company stock valued at $1,947,436 in the last 90 days. 1.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TOL. Citigroup reduced their target price 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. Wedbush reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a report on Wednesday, December 11th. Evercore ISI lifted their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Wells Fargo & Company upped their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. 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 stock. According to data from MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and an average price target of $156.64.

Toll Brothers Stock Performance

TOL opened at $136.28 on Thursday. The stock’s 50 day simple moving average is $140.51 and its 200-day simple moving average is $141.62. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. The stock has a market cap of $13.63 billion, a PE ratio of 9.07, a P/E/G ratio of 1.03 and a beta of 1.74. Toll Brothers, Inc. has a 1 year low of $95.46 and a 1 year high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the prior year, the company posted $4.11 EPS. The business’s revenue was up 10.4% on a year-over-year basis. Sell-side analysts forecast that Toll Brothers, Inc. will post 14.25 EPS for the current year.

Toll Brothers Dividend Announcement

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

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.