Wedge Capital Management L L P NC Trims Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Wedge Capital Management L L P NC lessened its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 92.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,555 shares of the construction company's stock after selling 332,245 shares during the quarter. Wedge Capital Management L L P NC's holdings in Toll Brothers were worth $3,471,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. ORG Partners LLC acquired a new stake in shares of Toll Brothers in the 4th quarter valued at about $25,000. Capital Performance Advisors LLP acquired a new stake in shares of Toll Brothers in the third quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new position in shares of Toll Brothers during the third quarter worth approximately $27,000. Larson Financial Group LLC grew its position in shares of 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 acquiring an additional 66 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company's stock worth $42,000 after purchasing an additional 207 shares during the period. Institutional investors and hedge funds 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 firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the sale, the director now directly owns 119,937 shares of the company's stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the sale, the chief financial officer now owns 20,618 shares of the company's stock, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,202 shares of company stock valued at $1,947,436 in the last ninety days. Corporate insiders own 1.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. UBS Group dropped their price objective on shares of Toll Brothers from $192.00 to $185.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Evercore ISI lifted their target price on Toll Brothers from $181.00 to $184.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Royal Bank of Canada boosted their target price on Toll Brothers from $143.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Finally, Citigroup lowered their target price on shares of Toll Brothers from $155.00 to $137.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $156.64.

Toll Brothers Price Performance

TOL stock traded up $1.09 during midday trading on Monday, hitting $135.40. 1,416,842 shares of the stock were exchanged, compared to its average volume of 1,319,020. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 4.92. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 0.94 and a beta of 1.74. Toll Brothers, Inc. has a fifty-two week low of $95.46 and a fifty-two week high of $169.52. The stock's 50-day moving average price is $140.84 and its 200-day moving average price is $141.44.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, topping the consensus estimate of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period in the previous year, the firm earned $4.11 EPS. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. Research analysts predict that Toll Brothers, Inc. will post 14.25 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm 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 dividend of $0.23 per share. The ex-dividend date is Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.68%. Toll Brothers's dividend payout ratio (DPR) is 6.12%.

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.