Cannell & Spears LLC Sells 343,549 Shares of Toll Brothers, Inc. (NYSE:TOL)

Cannell & Spears LLC lessened its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 96.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,930 shares of the construction company's stock after selling 343,549 shares during the period. Cannell & Spears LLC's holdings in Toll Brothers were worth $1,629,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. ORG Partners LLC bought a new stake in Toll Brothers in the 4th quarter valued at approximately $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Toll Brothers in the fourth quarter worth $27,000. Promus Capital LLC acquired a new position in Toll Brothers during the fourth quarter worth $29,000. IAG Wealth Partners LLC grew its position 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 in the last quarter. Finally, DiNuzzo Private Wealth Inc. increased its stake in Toll Brothers by 806.5% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock valued at $35,000 after buying an additional 250 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TOL has been the topic of a number of recent research reports. The Goldman Sachs Group lowered their target price on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Seaport Res Ptn raised shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Keefe, Bruyette & Woods cut their price objective on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a research report on Tuesday, February 25th. Finally, Oppenheimer cut their price target on Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $147.57.

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Insider Buying and Selling at Toll Brothers

In related 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 value of $46,443.60. Following the completion of the transaction, the director now owns 13,186 shares in the company, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.54% of the company's stock.

Toll Brothers Price Performance

Toll Brothers stock traded up $2.05 during trading hours on Friday, reaching $100.44. 2,163,768 shares of the stock were exchanged, compared to its average volume of 1,476,828. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The company has a market cap of $10.03 billion, a P/E ratio of 6.92, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The stock has a 50 day moving average of $116.35 and a two-hundred day moving average of $135.38. Toll Brothers, Inc. has a twelve month low of $92.73 and a twelve month high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results 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 business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. Equities analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.25 dividend. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 1.00%. Toll Brothers's dividend payout ratio is presently 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.