Leuthold Group LLC Sells 5,450 Shares of Toll Brothers, Inc. (NYSE:TOL)

Leuthold Group LLC trimmed its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 7.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,843 shares of the construction company’s stock after selling 5,450 shares during the period. Leuthold Group LLC owned 0.07% of Toll Brothers worth $8,419,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of TOL. FMR LLC increased its holdings in shares of Toll Brothers by 97.7% in the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after purchasing an additional 1,046,758 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in Toll Brothers during the 3rd quarter valued at approximately $111,562,000. Jennison Associates LLC increased its stake in Toll Brothers by 38.7% in the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after acquiring an additional 341,980 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Toll Brothers during the 3rd quarter worth approximately $38,985,000. Finally, Empowered Funds LLC boosted its position in shares of Toll Brothers by 228.1% during the 4th quarter. Empowered Funds LLC now owns 232,180 shares of the construction company’s stock valued at $29,243,000 after acquiring an additional 161,408 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Stock Down 3.2 %

Shares of TOL opened at $111.45 on Friday. The firm has a market capitalization of $11.13 billion, a P/E ratio of 7.67, a P/E/G ratio of 1.02 and a beta of 1.76. Toll Brothers, Inc. has a 12-month low of $107.79 and a 12-month high of $169.52. The firm has a fifty day moving average price of $129.02 and a 200-day moving average price of $141.40. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. Equities research analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.33%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TOL. JPMorgan Chase & Co. restated a “neutral” rating and issued a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Wells Fargo & Company reduced their target price on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday. Citigroup lowered their price target on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $168.00 to $164.00 in a research note on Tuesday, December 10th. Finally, Evercore ISI raised their price objective on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $150.86.

Insiders Place Their Bets

In related news, Director Paul E. Shapiro sold 3,837 shares of the company’s 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 sale, the director now directly owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This represents a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now directly owns 7,728 shares in the company, valued at $972,027.84. This trade represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,202 shares of company stock worth $1,947,436. 1.54% of the stock is currently 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.