CIBC Private Wealth Group LLC Reduces Position in Toll Brothers, Inc. (NYSE:TOL)

CIBC Private Wealth Group LLC trimmed its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 98.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,333 shares of the construction company's stock after selling 557,027 shares during the period. CIBC Private Wealth Group LLC's holdings in Toll Brothers were worth $804,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TOL. ORG Partners LLC acquired a new stake in Toll Brothers in the fourth quarter valued at $25,000. Lee Danner & Bass Inc. acquired a new stake in Toll Brothers in the fourth quarter valued at $27,000. Promus Capital LLC acquired a new stake in Toll Brothers in the fourth quarter valued at $29,000. IAG Wealth Partners LLC increased its holdings in Toll Brothers by 1,034.8% in the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after purchasing an additional 238 shares during the period. Finally, DiNuzzo Private Wealth Inc. increased its holdings 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 period. 91.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the transaction, the director now owns 13,186 shares of the company's stock, valued at approximately $1,458,107.88. This trade represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.54% of the company's stock.

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Toll Brothers Trading Down 2.8 %

Shares of TOL stock traded down $2.67 during mid-day trading on Thursday, reaching $92.83. The stock had a trading volume of 413,991 shares, compared to its average volume of 1,519,677. The stock's 50-day moving average price is $111.23 and its two-hundred day moving average price is $133.03. Toll Brothers, Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The firm has a market capitalization of $9.27 billion, a PE ratio of 6.39, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

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

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.08%. Toll Brothers's dividend payout ratio (DPR) is currently 6.88%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TOL shares. Royal Bank of Canada decreased their price target on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. StockNews.com upgraded Toll Brothers from a "sell" rating to a "hold" rating in a report on Saturday, April 5th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $150.00 price target (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. The Goldman Sachs Group decreased their price target on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Finally, Citigroup decreased their price target on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $146.93.

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.