Pine Valley Investments Ltd Liability Co Sells 500 Shares of Toll Brothers, Inc. (NYSE:TOL)

Pine Valley Investments Ltd Liability Co trimmed its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,440 shares of the construction company’s stock after selling 500 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Toll Brothers were worth $1,458,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares in the last quarter. First Trust Direct Indexing L.P. raised its stake in shares of Toll Brothers by 1.4% in the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock worth $786,000 after buying an additional 72 shares during the period. Fifth Third Bancorp raised its stake in shares of Toll Brothers by 11.2% in the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock worth $94,000 after buying an additional 82 shares during the period. First Citizens Bank & Trust Co. lifted its position in shares of Toll Brothers by 3.7% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock valued at $363,000 after buying an additional 83 shares in the last quarter. Finally, Clifford Swan Investment Counsel LLC increased its holdings in Toll Brothers by 5.1% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock worth $212,000 after acquiring an additional 89 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Insider Activity

In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $155.44, for a total transaction of $777,200.00. Following the completion of the sale, the chief financial officer now owns 9,721 shares in the company, valued at $1,511,032.24. This represents a 33.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $153.05, for a total value of $3,826,250.00. Following the sale, the chief executive officer now owns 296,382 shares of the company’s stock, valued at $45,361,265.10. This trade represents a 7.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,000 shares of company stock worth $16,435,800. Company insiders own 1.54% of the company’s stock.

Toll Brothers Trading Down 2.8 %

Shares of TOL opened at $138.38 on Friday. The firm has a market capitalization of $13.97 billion, a price-to-earnings ratio of 9.21, a PEG ratio of 1.07 and a beta of 1.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57. Toll Brothers, Inc. has a 1-year low of $91.92 and a 1-year high of $169.52. The company has a 50-day moving average of $153.40 and a 200 day moving average of $139.08.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating 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 firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the previous year, the firm posted $4.11 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. On average, research analysts expect that Toll Brothers, Inc. will post 14.55 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers’s payout ratio is 6.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TOL shares. Royal Bank of Canada upped their price target on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday. Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $168.00 to $164.00 in a report on Tuesday. Wells Fargo & Company upped their price target on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Barclays raised their price target on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. Finally, StockNews.com downgraded Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.07.

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.