Massachusetts Financial Services Co. MA Sells 113,867 Shares of Toll Brothers, Inc. (NYSE:TOL)

Massachusetts Financial Services Co. MA cut its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 5.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,942,197 shares of the construction company’s stock after selling 113,867 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Toll Brothers were worth $244,620,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TOL. ORG Partners LLC acquired a new position in Toll Brothers in the fourth quarter worth $25,000. Lee Danner & Bass Inc. acquired a new position in Toll Brothers during the 4th quarter worth about $27,000. Promus Capital LLC bought a new stake in Toll Brothers during the 4th quarter worth about $29,000. IAG Wealth Partners LLC increased its position in Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock valued at $33,000 after acquiring an additional 238 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. raised its stake in shares of Toll Brothers by 806.5% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock worth $35,000 after acquiring an additional 250 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on TOL shares. Wells Fargo & Company decreased their price target on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Wedbush reaffirmed an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research note on Friday, February 14th. Royal Bank of Canada lowered their price objective on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, StockNews.com downgraded shares of Toll Brothers from a “hold” rating to a “sell” rating in a research report on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $147.57.

Toll Brothers Trading Down 7.9 %

TOL opened at $98.51 on Friday. Toll Brothers, Inc. has a twelve month low of $96.75 and a twelve month high of $169.52. The firm has a market cap of $9.84 billion, a PE ratio of 6.78, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The firm’s fifty day moving average is $116.35 and its two-hundred day moving average is $135.38.

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

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a $0.25 dividend. The ex-dividend date is Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. Toll Brothers’s payout ratio is currently 6.88%.

Insider Buying and Selling

In other news, Director Christine Garvey sold 420 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now owns 13,186 shares of the company’s stock, valued at $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.