Ellis Investment Partners LLC Has $475,000 Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Ellis Investment Partners LLC reduced its position in Toll Brothers, Inc. (NYSE:TOL) by 3.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,772 shares of the construction company’s stock after selling 117 shares during the period. Ellis Investment Partners LLC’s holdings in Toll Brothers were worth $475,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of Toll Brothers by 136.3% during the fourth quarter. Blue Trust Inc. now owns 834 shares of the construction company’s stock worth $105,000 after purchasing an additional 481 shares during the period. Vicus Capital grew its stake in shares of Toll Brothers by 20.1% during the fourth quarter. Vicus Capital now owns 1,623 shares of the construction company’s stock worth $204,000 after purchasing an additional 272 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Toll Brothers by 28.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 8,064 shares of the construction company’s stock worth $1,020,000 after purchasing an additional 1,764 shares during the period. Van ECK Associates Corp grew its stake in shares of Toll Brothers by 30.2% during the fourth quarter. Van ECK Associates Corp now owns 82,803 shares of the construction company’s stock worth $10,429,000 after purchasing an additional 19,214 shares during the period. Finally, Focus Financial Network Inc. acquired a new stake in shares of Toll Brothers during the fourth quarter worth $351,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $168.00 to $164.00 in a research note on Tuesday, December 10th. Wedbush reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research note on Friday. Barclays decreased their price objective on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Oppenheimer reiterated an “outperform” rating and set a $189.00 target price on shares of Toll Brothers in a report on Thursday, December 12th. Finally, Royal Bank of Canada lifted their target price on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $123.60 on Monday. Toll Brothers, Inc. has a one year low of $100.47 and a one year high of $169.52. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 1.15 and a beta of 1.76. 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 stock’s 50-day moving average is $131.17 and its 200-day moving average is $141.97.

Toll Brothers (NYSE:TOL) last released its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the company posted $4.11 earnings per share. Toll Brothers’s revenue was up 10.4% on a year-over-year basis. Equities analysts predict that Toll Brothers, Inc. will post 14.15 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently announced 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 yield of 0.74%. Toll Brothers’s payout ratio is presently 6.12%.

Insider Buying and Selling

In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of the business’s 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 of the company’s stock, valued at $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a 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 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,202 shares of company stock worth $1,947,436. Corporate insiders own 1.54% of the company’s stock.

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.