Toll Brothers, Inc. (NYSE:TOL) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC reduced its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,653 shares of the construction company’s stock after selling 1,310 shares during the quarter. New York Life Investment Management LLC’s holdings in Toll Brothers were worth $1,342,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in Toll Brothers during the 3rd quarter valued at $27,000. Brooklyn Investment Group bought a new position in Toll Brothers during the 3rd quarter valued at $27,000. Larson Financial Group LLC boosted its stake in 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 in the last quarter. ORG Partners LLC bought a new position in Toll Brothers during the 4th quarter valued at $25,000. Finally, DiNuzzo Private Wealth Inc. boosted its stake in Toll Brothers by 806.5% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock valued at $35,000 after purchasing an additional 250 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Christine Garvey sold 204 shares of the 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 in the company, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction dated 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 approximately $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,622 shares of company stock worth $1,993,880. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $108.40 on Tuesday. The stock has a market cap of $10.83 billion, a PE ratio of 7.46, a price-to-earnings-growth ratio of 1.02 and a beta of 1.76. The business has a fifty day simple moving average of $126.55 and a 200-day simple moving average of $140.80. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a 12 month low of $107.78 and a 12 month high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. On average, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.85%. Toll Brothers’s dividend payout ratio is 6.33%.

Wall Street Analyst Weigh In

TOL has been the subject of a number of research reports. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Evercore ISI raised their price objective on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Citigroup reduced their price objective on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, Royal Bank of Canada reduced their price objective on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.57.

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.