Amalgamated Bank Lowers Holdings in Toll Brothers, Inc. (NYSE:TOL)

Amalgamated Bank lowered its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,841 shares of the construction company’s stock after selling 1,131 shares during the period. Amalgamated Bank’s holdings in Toll Brothers were worth $6,026,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC raised its stake in Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after buying an additional 66 shares during the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of Toll Brothers by 1.4% during 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. Nilsine Partners LLC raised its position in shares of Toll Brothers by 0.5% in the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock valued at $2,433,000 after purchasing an additional 88 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Toll Brothers by 15.1% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock valued at $88,000 after purchasing an additional 92 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Toll Brothers by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company’s stock worth $472,000 after purchasing an additional 109 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TOL shares. Wells Fargo & Company cut their price target on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Bank of America cut their target price on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Keefe, Bruyette & Woods reduced their target price on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Finally, Evercore ISI increased their price objective on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.57.

Toll Brothers Trading Down 1.8 %

Toll Brothers stock opened at $112.55 on Thursday. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The firm has a market cap of $11.24 billion, a PE ratio of 7.75, a P/E/G ratio of 1.02 and a beta of 1.76. The stock’s 50 day simple moving average is $127.73 and its two-hundred day simple moving average is $141.29. Toll Brothers, Inc. has a 12 month low of $108.86 and a 12 month high of $169.52.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results 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 net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors 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 0.82%. Toll Brothers’s dividend payout ratio is presently 6.33%.

Insider Buying and Selling

In other news, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the transaction, the director now owns 119,937 shares in the company, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christine Garvey sold 420 shares of the business’s stock in a transaction 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 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,622 shares of company stock valued at $1,993,880. 1.54% of the stock is owned by company insiders.

About Toll Brothers

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.