Brookstone Capital Management Has $244,000 Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Brookstone Capital Management lowered its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 19.1% in the fourth quarter, HoldingsChannel reports. The fund owned 1,938 shares of the construction company’s stock after selling 459 shares during the period. Brookstone Capital Management’s holdings in Toll Brothers were worth $244,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Fiduciary Alliance LLC bought a new position in Toll Brothers during the 4th quarter worth approximately $1,117,000. Franklin Resources Inc. boosted its stake in shares of Toll Brothers by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock worth $27,659,000 after buying an additional 9,195 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Toll Brothers in the 3rd quarter valued at about $12,506,000. Chartwell Investment Partners LLC increased its position in shares of Toll Brothers by 66.5% in the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after acquiring an additional 14,092 shares during the last quarter. Finally, Avior Wealth Management LLC raised its holdings in Toll Brothers by 4,894.1% during the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after acquiring an additional 3,328 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Price Performance

TOL stock opened at $135.40 on Monday. Toll Brothers, Inc. has a 1 year low of $95.46 and a 1 year high of $169.52. The stock has a market capitalization of $13.55 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 0.94 and a beta of 1.74. The company’s 50-day moving average is $141.28 and its 200-day moving average is $141.27. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter last year, the firm posted $4.11 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities research analysts expect that Toll Brothers, Inc. will post 14.25 EPS for the current fiscal year.

Toll Brothers Announces Dividend

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

Insiders Place Their Bets

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 value of $514,695.18. Following the completion of the sale, the director now directly owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This represents a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 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 directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,202 shares of company stock worth $1,947,436. Insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TOL. Barclays lowered their price target on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research report on Thursday. Evercore ISI increased their target price on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Royal Bank of Canada lifted their price target on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. UBS Group cut their price target on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Wedbush reissued an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.64.

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.