Davis R M Inc. lessened its stake in Toll Brothers Inc (NYSE:TOL) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 510,769 shares of the construction company’s stock after selling 2,072 shares during the quarter. Davis R M Inc.’s holdings in Toll Brothers were worth $24,527,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TOL. Toronto Dominion Bank lifted its position in shares of Toll Brothers by 5.2% in the second quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after purchasing an additional 192 shares in the last quarter. Veritable L.P. lifted its position in shares of Toll Brothers by 0.9% in the second quarter. Veritable L.P. now owns 26,823 shares of the construction company’s stock worth $1,060,000 after purchasing an additional 237 shares in the last quarter. ETRADE Capital Management LLC lifted its position in shares of Toll Brothers by 3.1% in the second quarter. ETRADE Capital Management LLC now owns 12,277 shares of the construction company’s stock worth $485,000 after purchasing an additional 365 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Toll Brothers by 1.6% in the second quarter. Ameritas Investment Partners Inc. now owns 44,280 shares of the construction company’s stock worth $1,750,000 after purchasing an additional 698 shares in the last quarter. Finally, M&T Bank Corp lifted its position in shares of Toll Brothers by 5.6% in the second quarter. M&T Bank Corp now owns 14,389 shares of the construction company’s stock worth $569,000 after purchasing an additional 765 shares in the last quarter. Institutional investors own 88.07% of the company’s stock.

A number of analysts have recently commented on TOL shares. KeyCorp raised shares of Toll Brothers from a “sector weight” rating to an “overweight” rating and boosted their price objective for the stock from $44.55 to $52.00 in a research report on Thursday, November 2nd. They noted that the move was a valuation call. UBS Group started coverage on shares of Toll Brothers in a research report on Wednesday, October 25th. They issued a “buy” rating and a $50.00 price objective on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $45.00 price objective on shares of Toll Brothers in a research report on Wednesday, November 15th. ValuEngine lowered shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Finally, MKM Partners boosted their price objective on shares of Toll Brothers to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. Toll Brothers presently has a consensus rating of “Hold” and a consensus price target of $48.63.

In other news, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $43.45, for a total value of $217,250.00. Following the transaction, the chief financial officer now directly owns 37,836 shares of the company’s stock, valued at $1,643,974.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Richard T. Hartman sold 8,537 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $46.00, for a total transaction of $392,702.00. Following the completion of the transaction, the president now directly owns 27,233 shares in the company, valued at $1,252,718. The disclosure for this sale can be found here. Insiders have sold 104,037 shares of company stock worth $5,043,132 over the last ninety days. Insiders own 8.78% of the company’s stock.

Toll Brothers Inc (TOL) traded down $0.23 during midday trading on Tuesday, reaching $51.58. 1,188,600 shares of the company’s stock traded hands, compared to its average volume of 2,236,844. The company has a debt-to-equity ratio of 0.71, a current ratio of 6.61 and a quick ratio of 0.97. Toll Brothers Inc has a 1 year low of $30.67 and a 1 year high of $52.40. The company has a market capitalization of $8,160.00, a price-to-earnings ratio of 16.22, a P/E/G ratio of 0.98 and a beta of 1.57.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.02). Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the company posted $0.67 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. sell-side analysts expect that Toll Brothers Inc will post 3.83 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, January 11th. Toll Brothers’s dividend payout ratio (DPR) is currently 10.06%.

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About Toll Brothers

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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