Mezzasalma Advisors LLC Decreases Holdings in Toll Brothers, Inc. (NYSE:TOL)

Mezzasalma Advisors LLC reduced its position in Toll Brothers, Inc. (NYSE:TOL) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,220 shares of the construction company’s stock after selling 1,560 shares during the period. Toll Brothers makes up about 1.0% of Mezzasalma Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Mezzasalma Advisors LLC’s holdings in Toll Brothers were worth $3,176,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TOL. Capital Performance Advisors LLP bought a new position in Toll Brothers in the third quarter valued at about $27,000. Brooklyn Investment Group purchased a new stake in shares of Toll Brothers during the 3rd quarter valued at about $27,000. Larson Financial Group LLC lifted its stake in shares of Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares during the period. ORG Partners LLC purchased a new position in shares of Toll Brothers in the fourth quarter worth approximately $25,000. Finally, UMB Bank n.a. grew 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 valued at $42,000 after buying an additional 207 shares during the period. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Down 6.5 %

TOL opened at $124.32 on Friday. Toll Brothers, Inc. has a 52 week low of $98.54 and a 52 week high of $169.52. The company has a quick ratio of 0.80, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The firm has a 50-day simple moving average of $135.40 and a two-hundred day simple moving average of $142.47. The company has a market capitalization of $12.42 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 1.15 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.29. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $4.11 EPS. Analysts forecast that Toll Brothers, Inc. will post 14.15 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers’s payout ratio is 6.12%.

Analyst Upgrades and Downgrades

TOL has been the topic of several analyst reports. Evercore ISI lifted their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Oppenheimer restated an “outperform” rating and issued a $189.00 price target on shares of Toll Brothers in a research report on Thursday, December 12th. Citigroup lowered their price objective on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $150.00 target price (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Finally, Wedbush reaffirmed an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Insider Buying and Selling at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction dated Monday, December 16th. The shares were 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 of the company’s stock, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christine Garvey sold 204 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was 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 $972,027.84. The trade was a 2.57 % 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 90 days. 1.54% of the stock is owned by 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.