Pallas Capital Advisors LLC Sells 335 Shares of Toll Brothers, Inc. (NYSE:TOL)

Pallas Capital Advisors LLC lowered its holdings in Toll Brothers, Inc. (NYSE:TOL) by 11.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,490 shares of the construction company’s stock after selling 335 shares during the period. Pallas Capital Advisors LLC’s holdings in Toll Brothers were worth $314,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TOL. Larson Financial Group LLC increased 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 worth $28,000 after acquiring an additional 66 shares during the period. First Trust Direct Indexing L.P. lifted its position in Toll Brothers by 1.4% during the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock worth $786,000 after purchasing an additional 72 shares during the period. First Citizens Bank & Trust Co. grew its stake in Toll Brothers by 3.7% during the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock worth $363,000 after buying an additional 83 shares in the last quarter. Versant Capital Management Inc increased its holdings in Toll Brothers by 15.1% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock valued at $88,000 after buying an additional 92 shares during the period. Finally, Evergreen Capital Management LLC increased its holdings in Toll Brothers by 4.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,749 shares of the construction company’s stock valued at $317,000 after buying an additional 109 shares during the period. 91.76% of the stock is owned by institutional investors.

Insider Transactions at Toll Brothers

In other news, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the sale, the chief financial officer now directly owns 20,618 shares in the company, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction 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 transaction, the director now owns 119,937 shares in the company, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,202 shares of company stock worth $1,947,436 over the last ninety days. 1.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TOL. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Oppenheimer restated an “outperform” rating and set a $189.00 target price on shares of Toll Brothers in a research note on Thursday, December 12th. Royal Bank of Canada lifted their price target on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Wells Fargo & Company upped their price objective on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Finally, Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $168.00 to $164.00 in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.07.

Toll Brothers Stock Up 2.5 %

Shares of NYSE TOL opened at $134.14 on Thursday. Toll Brothers, Inc. has a 1 year low of $95.46 and a 1 year 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 0.57. The firm has a market cap of $13.42 billion, a PE ratio of 8.92, a price-to-earnings-growth ratio of 1.00 and a beta of 1.74. The company has a 50 day simple moving average of $142.11 and a 200 day simple moving average of $140.75.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. Toll Brothers’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.11 earnings per share. On average, research analysts forecast that Toll Brothers, Inc. will post 14.57 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a $0.23 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.69%. Toll Brothers’s payout ratio is 6.12%.

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.