Arlington Trust Co LLC Reduces Position in Toll Brothers, Inc. (NYSE:TOL)

Arlington Trust Co LLC lessened its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 17.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,350 shares of the construction company’s stock after selling 500 shares during the quarter. Arlington Trust Co LLC’s holdings in Toll Brothers were worth $296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Capital Performance Advisors LLP bought a new position in Toll Brothers during the third quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new stake in Toll Brothers during the 3rd quarter valued at $27,000. Larson Financial Group LLC lifted its holdings in shares of Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after buying an additional 66 shares during the period. ORG Partners LLC purchased a new position in shares of Toll Brothers in the 4th quarter worth $25,000. Finally, UMB Bank n.a. boosted its stake in shares of Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after buying an additional 207 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction on 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 directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the sale, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,202 shares of company stock valued at $1,947,436 in the last 90 days. Insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $124.32 on Monday. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 1.15 and a beta of 1.76. 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 stock’s 50-day simple moving average is $134.58 and its 200-day simple moving average is $142.45. Toll Brothers, Inc. has a 52 week low of $98.54 and a 52 week high of $169.52.

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

Toll Brothers Dividend Announcement

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

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of recent research reports. Evercore ISI increased their target price on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Bank of America lowered their price objective on shares of Toll Brothers from $165.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Barclays reduced their target price on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $168.00 to $164.00 in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Toll Brothers Company 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.