Lifestyle Asset Management Inc. Sells 84 Shares of Toll Brothers, Inc. (NYSE:TOL)

Lifestyle Asset Management Inc. lowered its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 1.0% during the fourth quarter, HoldingsChannel reports. The firm owned 8,694 shares of the construction company’s stock after selling 84 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Toll Brothers were worth $1,095,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. ORG Partners LLC acquired a new position in Toll Brothers during the fourth quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new position in shares of Toll Brothers during the 3rd quarter worth approximately $27,000. Brooklyn Investment Group bought a new stake in Toll Brothers in the 3rd quarter valued at $27,000. Larson Financial Group LLC lifted its holdings in Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in Toll Brothers by 323.4% during the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after purchasing an additional 207 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

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 on Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the sale, the director now owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction 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 sale, 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. Insiders sold a total of 15,202 shares of company stock worth $1,947,436 in the last ninety days. 1.54% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TOL. Wedbush reissued an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research report on Wednesday, December 11th. Oppenheimer restated an “outperform” rating and set a $189.00 price objective on shares of Toll Brothers in a research report on Thursday, December 12th. Barclays decreased their target price on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada lifted their price target on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. 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 report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.64.

Toll Brothers Trading Up 0.3 %

Shares of Toll Brothers stock opened at $136.58 on Friday. The company has a quick ratio of 0.80, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. Toll Brothers, Inc. has a 12-month low of $95.46 and a 12-month high of $169.52. The company has a market capitalization of $13.66 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 1.04 and a beta of 1.74. The firm’s 50-day moving average price is $140.20 and its two-hundred day moving average price is $141.59.

Toll Brothers (NYSE:TOL) last posted its quarterly 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 net margin of 14.48% and a return on equity of 19.64%. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter last year, the business posted $4.11 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, analysts forecast that Toll Brothers, Inc. will post 14.25 earnings per share 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. Stockholders 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 dividend yield of 0.67%. Toll Brothers’s dividend payout ratio (DPR) 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.