LPL Financial LLC Sells 4,814 Shares of Toll Brothers, Inc. (NYSE:TOL)

LPL Financial LLC cut its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,784 shares of the construction company's stock after selling 4,814 shares during the period. LPL Financial LLC owned 0.09% of Toll Brothers worth $11,308,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TOL. ORG Partners LLC bought a new position in Toll Brothers during the fourth quarter valued at about $25,000. Lee Danner & Bass Inc. bought a new position in shares of Toll Brothers in the 4th quarter valued at approximately $27,000. Promus Capital LLC acquired a new stake in Toll Brothers in the 4th quarter worth approximately $29,000. IAG Wealth Partners LLC boosted its position in 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 purchasing an additional 238 shares during the period. Finally, DiNuzzo Private Wealth Inc. grew its holdings in Toll Brothers by 806.5% during 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 last quarter. Institutional investors own 91.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TOL. Royal Bank of Canada reduced their price objective on shares of Toll Brothers from $142.00 to $139.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. 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 note on Wednesday, December 11th. Seaport Res Ptn raised Toll Brothers from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $175.00 target price on shares of Toll Brothers in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Toll Brothers currently has an average rating of "Moderate Buy" and an average target price of $146.93.

Insider Buying and Selling at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. This represents a 3.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.54% of the company's stock.

Toll Brothers Price Performance

Shares of Toll Brothers stock traded down $3.56 during trading on Tuesday, hitting $90.96. 3,088,791 shares of the company's stock traded hands, compared to its average volume of 1,502,114. The company has a market cap of $9.09 billion, a PE ratio of 6.26, a PEG ratio of 1.02 and a beta of 1.48. The firm's fifty day moving average price is $112.94 and its 200 day moving average price is $133.69. Toll Brothers, Inc. has a twelve month low of $89.68 and a twelve 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.

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 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 company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed 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 a positive change from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers's dividend payout ratio is currently 6.88%.

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.