United Capital Management of KS Inc. Cuts Stock Position in Toll Brothers, Inc. (NYSE:TOL)

United Capital Management of KS Inc. lessened its stake in Toll Brothers, Inc. (NYSE:TOL) by 1.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,031 shares of the construction company’s stock after selling 551 shares during the quarter. United Capital Management of KS Inc.’s holdings in Toll Brothers were worth $4,286,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TOL. ORG Partners LLC purchased a new stake in shares of Toll Brothers during the fourth quarter worth $25,000. Brooklyn Investment Group purchased a new stake in shares of Toll Brothers during the third quarter worth $27,000. Larson Financial Group LLC grew its holdings in shares of Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares in the last quarter. Promus Capital LLC purchased a new stake in shares of Toll Brothers during the fourth quarter worth $29,000. Finally, IAG Wealth Partners LLC grew its holdings in shares of Toll Brothers by 1,034.8% during the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock worth $33,000 after buying an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analysts Set New Price Targets

TOL has been the subject of a number of research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Wells Fargo & Company lowered 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 report on Thursday, February 20th. Bank of America lowered their price target on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Wedbush reissued an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research report on Friday, February 14th. Finally, Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $147.57.

Insider Activity

In other news, Director Paul E. Shapiro sold 3,837 shares of the firm’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 value of $514,695.18. Following the completion of the transaction, the director now 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 the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 20,618 shares of the company’s stock, 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. Over the last quarter, insiders sold 15,622 shares of company stock valued at $1,993,880. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Trading Up 1.8 %

NYSE TOL opened at $104.92 on Friday. The firm’s 50-day moving average is $123.13 and its two-hundred day moving average is $138.81. Toll Brothers, Inc. has a 12 month low of $102.49 and a 12 month high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The stock has a market capitalization of $10.43 billion, a P/E ratio of 7.22, a PEG ratio of 1.02 and a beta of 1.77.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The company had revenue of $1.86 billion during 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%. On average, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.25 dividend. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.95%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.88%.

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.