Choreo LLC Sells 2,105 Shares of Toll Brothers, Inc. (NYSE:TOL)

Choreo LLC lowered its position in Toll Brothers, Inc. (NYSE:TOL) by 27.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,677 shares of the construction company’s stock after selling 2,105 shares during the period. Choreo LLC’s holdings in Toll Brothers were worth $716,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TOL. Hager Investment Management Services LLC purchased a new position in Toll Brothers during the fourth quarter valued at $2,184,000. GDS Wealth Management lifted its position in Toll Brothers by 297.8% during the fourth quarter. GDS Wealth Management now owns 12,419 shares of the construction company’s stock valued at $1,564,000 after purchasing an additional 9,297 shares in the last quarter. Jennison Associates LLC lifted its position in Toll Brothers by 38.7% during the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock valued at $154,449,000 after purchasing an additional 341,980 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in Toll Brothers during the fourth quarter valued at $244,000. Finally, Golden State Equity Partners lifted its position in Toll Brothers by 441.7% during the fourth quarter. Golden State Equity Partners now owns 3,521 shares of the construction company’s stock valued at $443,000 after purchasing an additional 2,871 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TOL shares. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Evercore ISI lifted their target price on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Royal Bank of Canada boosted their price objective on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Bank of America lowered their price objective on Toll Brothers from $165.00 to $156.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Finally, Wedbush restated an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.00.

Insiders Place Their Bets

In other news, CFO Martin P. Connor sold 11,140 shares of the company’s 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 transaction, the chief financial officer now owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christine Garvey sold 204 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were 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 represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,202 shares of company stock valued at $1,947,436 over the last ninety days. 1.54% of the stock is owned by insiders.

Toll Brothers Price Performance

NYSE:TOL opened at $125.13 on Tuesday. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $12.50 billion, a P/E ratio of 8.33, a P/E/G ratio of 1.15 and a beta of 1.76. Toll Brothers, Inc. has a 12 month low of $98.54 and a 12 month high of $169.52. The business’s 50-day moving average is $134.58 and its 200 day moving average is $142.53.

Toll Brothers (NYSE:TOL) last issued 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 return on equity of 19.64% and a net margin of 14.48%. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the previous year, the firm posted $4.11 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities research analysts forecast that Toll Brothers, Inc. will post 14.15 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid 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 currently 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.