Consolidated Capital Management LLC Sells 790 Shares of Toll Brothers, Inc. (NYSE:TOL)

Consolidated Capital Management LLC lessened its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,531 shares of the construction company’s stock after selling 790 shares during the quarter. Toll Brothers comprises 2.1% of Consolidated Capital Management LLC’s investment portfolio, making the stock its 19th biggest holding. Consolidated Capital Management LLC’s holdings in Toll Brothers were worth $4,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in TOL. FMR LLC raised its holdings in Toll Brothers by 97.7% during the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after buying an additional 1,046,758 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Toll Brothers in the 3rd quarter worth about $111,562,000. Point72 Asset Management L.P. lifted its position in Toll Brothers by 81.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after acquiring an additional 431,160 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Toll Brothers in the 3rd quarter valued at about $38,985,000. Finally, Jennison Associates LLC boosted its stake in Toll Brothers by 35.1% during the 3rd quarter. Jennison Associates LLC now owns 884,291 shares of the construction company’s stock valued at $136,614,000 after purchasing an additional 229,603 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Evercore ISI raised their target price on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Wells Fargo & Company lifted their price objective 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. Keefe, Bruyette & Woods lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $168.00 to $164.00 in a research note on Tuesday, December 10th. Barclays dropped their price target on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $156.64.

Toll Brothers Trading Up 0.8 %

Shares of TOL opened at $135.40 on Monday. Toll Brothers, Inc. has a fifty-two week low of $95.46 and a fifty-two week high of $169.52. The business has a 50-day moving average of $141.28 and a 200 day moving average of $141.27. The firm has a market cap of $13.55 billion, a P/E ratio of 9.01, a price-to-earnings-growth ratio of 0.94 and a beta of 1.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 4.92.

Toll Brothers (NYSE:TOL) last posted its earnings results 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. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $4.11 earnings per share. As a group, research analysts forecast that Toll Brothers, Inc. will post 14.25 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a dividend of $0.23 per share. The ex-dividend date 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 6.12%.

Insiders Place Their Bets

In other news, Director Christine Garvey sold 204 shares of the firm’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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the 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 completion of the sale, the chief financial officer now owns 20,618 shares in the company, valued at $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. Insiders sold a total of 15,202 shares of company stock worth $1,947,436 in the last quarter. 1.54% of the stock is owned by company insiders.

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.