Oppenheimer & Co. Inc. Has $3.23 Million Stake in Toll Brothers, Inc. (NYSE:TOL)

Oppenheimer & Co. Inc. lowered its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,659 shares of the construction company’s stock after selling 2,985 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Toll Brothers were worth $3,232,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new position in shares of Toll Brothers during the 3rd quarter worth $27,000. Brooklyn Investment Group acquired a new position in shares of Toll Brothers during the third quarter worth $27,000. Larson Financial Group LLC grew its position in Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares during the last quarter. ORG Partners LLC acquired a new position in Toll Brothers in the 4th quarter worth about $25,000. Finally, DiNuzzo Private Wealth Inc. raised its position in Toll Brothers by 806.5% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock valued at $35,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Up 0.9 %

Shares of NYSE:TOL opened at $111.64 on Friday. Toll Brothers, Inc. has a 1 year low of $108.86 and a 1 year high of $169.52. The company has a market capitalization of $11.15 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 1.02 and a beta of 1.76. The business has a fifty day moving average price of $126.93 and a two-hundred day moving average price of $140.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL) last posted its quarterly 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). The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. Analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.82%. Toll Brothers’s payout ratio is currently 6.33%.

Insider Buying and Selling

In related news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the sale, the director now directly owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,622 shares of company stock valued at $1,993,880. 1.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TOL shares. 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, February 20th. The Goldman Sachs Group reduced their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Oppenheimer lowered their target price on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Citigroup dropped their price target on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, UBS Group reduced their price objective on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus target price of $147.57.

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.