New York Life Investment Management LLC Sells 1,310 Shares of Toll Brothers, Inc. (NYSE:TOL)

New York Life Investment Management LLC reduced its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 11.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,653 shares of the construction company’s stock after selling 1,310 shares during the period. New York Life Investment Management LLC’s holdings in Toll Brothers were worth $1,342,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Toll Brothers by 74.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 582 shares of the construction company’s stock worth $90,000 after purchasing an additional 249 shares during the period. International Assets Investment Management LLC increased its stake in shares of Toll Brothers by 62,605.9% in the third quarter. International Assets Investment Management LLC now owns 10,660 shares of the construction company’s stock worth $1,647,000 after purchasing an additional 10,643 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Toll Brothers by 59.3% in the third quarter. Farther Finance Advisors LLC now owns 2,275 shares of the construction company’s stock worth $351,000 after purchasing an additional 847 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Toll Brothers by 1.7% in the third quarter. Janney Montgomery Scott LLC now owns 137,622 shares of the construction company’s stock worth $21,261,000 after purchasing an additional 2,264 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of Toll Brothers by 40.0% in the third quarter. Van ECK Associates Corp now owns 63,589 shares of the construction company’s stock worth $9,344,000 after purchasing an additional 18,169 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the sale, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. This represents a 3.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the sale, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,622 shares of company stock worth $1,993,880 in the last three months. Insiders own 1.54% of the company’s stock.

Toll Brothers Stock Down 2.9 %

NYSE TOL opened at $108.40 on Tuesday. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average is $126.55 and its two-hundred day moving average is $140.80. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 7.46, a PEG ratio of 1.02 and a beta of 1.76. Toll Brothers, Inc. has a 1-year low of $107.78 and a 1-year high of $169.52.

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

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a dividend of $0.23 per share. The ex-dividend date was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.85%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.33%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TOL shares. Citigroup dropped their price objective 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. Royal Bank of Canada dropped their price objective on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Wedbush reissued an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research report on Friday, February 14th. Wells Fargo & Company decreased their target price on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group decreased their target price on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.57.

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.