Cumberland Partners Ltd Lowers Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Cumberland Partners Ltd lowered its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 16.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,050 shares of the construction company's stock after selling 4,745 shares during the quarter. Cumberland Partners Ltd's holdings in Toll Brothers were worth $3,029,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Fiduciary Alliance LLC purchased a new position in shares of Toll Brothers during the 4th quarter valued at $1,117,000. Franklin Resources Inc. lifted its position in shares of Toll Brothers by 5.4% in the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company's stock valued at $27,659,000 after acquiring an additional 9,195 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of Toll Brothers in the third quarter worth about $12,506,000. Chartwell Investment Partners LLC grew its position in shares of Toll Brothers by 66.5% during the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company's stock worth $5,453,000 after purchasing an additional 14,092 shares in the last quarter. Finally, Avior Wealth Management LLC raised its stake in Toll Brothers by 4,894.1% during the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company's stock valued at $525,000 after purchasing an additional 3,328 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 Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the sale, the director now owns 119,937 shares of the company's stock, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares in the company, valued at $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,202 shares of company stock valued at $1,947,436. 1.54% of the stock is currently owned by insiders.

Toll Brothers Trading Down 3.1 %

NYSE:TOL traded down $3.54 during midday trading on Friday, hitting $111.61. The stock had a trading volume of 1,298,814 shares, compared to its average volume of 1,729,197. The stock has a 50-day moving average of $129.02 and a 200 day moving average of $141.40. The company has a market capitalization of $11.15 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 0.99 and a beta of 1.76. Toll Brothers, Inc. has a one year low of $107.79 and a one year high of $169.52. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.91 billion. As a group, sell-side analysts forecast that Toll Brothers, Inc. will post 14.15 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.82%. Toll Brothers's dividend payout ratio is presently 6.33%.

Analysts Set New Price Targets

Several research analysts have weighed in on TOL shares. Keefe, Bruyette & Woods downgraded Toll Brothers from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $168.00 to $164.00 in a research note on Tuesday, December 10th. Wedbush reaffirmed an "outperform" rating and set a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th. UBS Group decreased their price target on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a research note on Thursday. Wells Fargo & Company cut their price objective on Toll Brothers from $170.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, The Goldman Sachs Group reduced their target price on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers currently has an average rating of "Moderate Buy" and an average target price of $150.86.

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.