Cullen Frost Bankers Inc. Sells 153 Shares of Toll Brothers, Inc. (NYSE:TOL)

Cullen Frost Bankers Inc. lowered its stake in Toll Brothers, Inc. (NYSE:TOL) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,547 shares of the construction company’s stock after selling 153 shares during the period. Cullen Frost Bankers Inc.’s holdings in Toll Brothers were worth $2,714,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Fiduciary Alliance LLC acquired a new stake in Toll Brothers in the fourth quarter valued at about $1,117,000. Franklin Resources Inc. boosted its stake in Toll Brothers by 5.4% in the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock valued at $27,659,000 after buying an additional 9,195 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Toll Brothers in the third quarter valued at about $12,506,000. Chartwell Investment Partners LLC boosted its stake in Toll Brothers by 66.5% in the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after buying an additional 14,092 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake in Toll Brothers by 4,894.1% in the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock valued at $525,000 after buying an additional 3,328 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of TOL stock opened at $109.40 on Friday. The business’s 50 day simple moving average is $125.14 and its 200 day simple moving average is $140.07. Toll Brothers, Inc. has a one year low of $105.73 and a one year high of $169.52. The stock has a market capitalization of $10.93 billion, a PE ratio of 7.53, a PEG ratio of 1.02 and a beta of 1.77. 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 issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. As a group, research analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm 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 0.84%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.33%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now directly owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christine Garvey sold 204 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the transaction, the director now directly owns 7,728 shares in the company, valued at $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,622 shares of company stock valued at $1,993,880. 1.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Royal Bank of Canada reduced 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. Citigroup cut 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. The Goldman Sachs Group cut their price target on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Keefe, Bruyette & Woods cut their price target on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 25th. Finally, UBS Group cut their price target on Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.