Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Diversified Trust Co

Diversified Trust Co decreased its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 59.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,185 shares of the construction company's stock after selling 10,713 shares during the period. Diversified Trust Co's holdings in Toll Brothers were worth $905,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TOL. Capital Performance Advisors LLP acquired a new stake in shares of Toll Brothers during the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new position in Toll Brothers in the 3rd quarter valued at approximately $27,000. Larson Financial Group LLC raised its holdings in 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 purchasing an additional 66 shares during the last quarter. UMB Bank n.a. boosted its position in Toll Brothers by 323.4% during the third quarter. UMB Bank n.a. now owns 271 shares of the construction company's stock worth $42,000 after purchasing an additional 207 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Toll Brothers by 111.4% during the third quarter. Blue Trust Inc. now owns 353 shares of the construction company's stock worth $55,000 after purchasing an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of the 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 sale, the director now owns 119,937 shares of the company's stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the transaction, the chief executive officer now directly owns 221,382 shares in the company, valued at approximately $35,029,273.86. The trade was a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,202 shares of company stock worth $5,903,186. 1.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TOL has been the subject of several research reports. Oppenheimer reaffirmed an "outperform" rating and set a $189.00 price target on shares of Toll Brothers in a research note on Thursday, December 12th. Bank of America lifted their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. UBS Group lowered their price target on shares of Toll Brothers from $192.00 to $185.00 and set a "buy" rating on the stock in a research report on Wednesday. Evercore ISI lifted their price objective on Toll Brothers from $181.00 to $184.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company increased their target price on Toll Brothers from $163.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $158.07.

Toll Brothers Trading Down 2.6 %

Toll Brothers stock traded down $3.29 during trading on Friday, reaching $123.51. The company had a trading volume of 1,558,670 shares, compared to its average volume of 1,277,643. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 1.00 and a beta of 1.74. Toll Brothers, Inc. has a 12-month low of $95.46 and a 12-month high of $169.52. The stock's 50 day moving average price is $143.81 and its two-hundred day moving average price is $140.23.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.29. The company had revenue of $3.33 billion during the quarter, compared to analysts' expectations of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $4.11 EPS. As a group, equities analysts expect that Toll Brothers, Inc. will post 14.57 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Friday, January 10th. Toll Brothers's dividend payout ratio is currently 6.12%.

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.