Amalgamated Bank Sells 1,131 Shares of Toll Brothers, Inc. (NYSE:TOL)

Amalgamated Bank decreased its stake in Toll Brothers, Inc. (NYSE:TOL) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. 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 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Shariaportfolio Inc. lifted its holdings in Toll Brothers by 14.2% during the fourth quarter. Shariaportfolio Inc. now owns 16,720 shares of the construction company’s stock valued at $2,106,000 after purchasing an additional 2,078 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Toll Brothers in the fourth quarter valued at approximately $2,424,000. Navellier & Associates Inc. lifted its stake in shares of Toll Brothers by 6.1% during the 4th quarter. Navellier & Associates Inc. now owns 94,321 shares of the construction company’s stock valued at $11,880,000 after buying an additional 5,415 shares in the last quarter. Paradigm Asset Management Co. LLC bought a new position in Toll Brothers in the 4th quarter worth approximately $189,000. Finally, Forte Capital LLC ADV grew its stake in Toll Brothers by 61.7% in the 4th quarter. Forte Capital LLC ADV now owns 8,100 shares of the construction company’s stock valued at $1,020,000 after buying an additional 3,090 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TOL. UBS Group decreased their price objective on Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Wells Fargo & Company decreased their price target 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. Royal Bank of Canada cut their price objective on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.57.

Insiders Place Their Bets

In related news, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction on 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 owns 20,618 shares in the company, valued at $2,599,311.26. The trade was a 35.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christine Garvey sold 204 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the sale, the director now directly owns 7,728 shares of the company’s stock, valued at $972,027.84. This represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,622 shares of company stock valued at $1,993,880 over the last ninety days. 1.54% of the stock is owned by insiders.

Toll Brothers Stock Down 1.8 %

Shares of TOL stock opened at $112.55 on Thursday. Toll Brothers, Inc. has a one year low of $108.86 and a one 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 company has a market capitalization of $11.24 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 1.02 and a beta of 1.76. The company’s fifty day moving average price is $127.73 and its 200-day moving average price is $141.29.

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 the consensus estimate of $1.99 by ($0.24). The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. Sell-side analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a $0.23 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.82%. Toll Brothers’s dividend payout ratio is currently 6.33%.

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.