Greenhaven Associates Inc. Sells 5,627 Shares of Toll Brothers, Inc. (NYSE:TOL)

Greenhaven Associates Inc. lowered its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 0.1% in the fourth quarter, HoldingsChannel reports. The fund owned 5,536,503 shares of the construction company’s stock after selling 5,627 shares during the period. Toll Brothers makes up 10.3% of Greenhaven Associates Inc.’s portfolio, making the stock its 4th largest position. Greenhaven Associates Inc. owned about 0.06% of Toll Brothers worth $697,323,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TOL. ORG Partners LLC bought a new position in Toll Brothers in the fourth quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new position in Toll Brothers during the third quarter worth $27,000. Brooklyn Investment Group bought a new stake in Toll Brothers during the third quarter worth $27,000. Larson Financial Group LLC lifted 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 acquiring an additional 66 shares during the last quarter. Finally, UMB Bank n.a. grew its position 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 acquiring an additional 207 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TOL. Barclays dropped their target price on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Wedbush reiterated an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research note on Wednesday, December 11th. Oppenheimer restated an “outperform” rating and issued a $189.00 price target on shares of Toll Brothers in a research note on Thursday, December 12th. Royal Bank of Canada lifted their price objective on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company lifted their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.64.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $135.57 on Wednesday. The stock has a market capitalization of $13.56 billion, a PE ratio of 9.02, a P/E/G ratio of 1.03 and a beta of 1.74. Toll Brothers, Inc. has a fifty-two week low of $95.46 and a fifty-two week high of $169.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. The business has a fifty day moving average price of $140.84 and a two-hundred day moving average price of $141.44.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business 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 business posted $4.11 earnings per share. Toll Brothers’s revenue was up 10.4% compared to the same quarter last year. As a group, equities analysts predict that Toll Brothers, Inc. will post 14.25 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

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

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 204 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the transaction, the director now 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction that occurred 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 sale, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,202 shares of company stock valued at $1,947,436. Corporate insiders own 1.54% of the company’s stock.

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.