Bremer Bank National Association Lowers Stake in Toll Brothers, Inc. (NYSE:TOL)

Bremer Bank National Association cut its holdings in Toll Brothers, Inc. (NYSE:TOL) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,962 shares of the construction company’s stock after selling 507 shares during the quarter. Bremer Bank National Association’s holdings in Toll Brothers were worth $3,648,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TOL. Fiduciary Alliance LLC acquired a new position in shares of Toll Brothers during the fourth quarter valued at about $1,117,000. Franklin Resources Inc. lifted its stake in Toll Brothers by 5.4% during the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock worth $27,659,000 after purchasing an additional 9,195 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Toll Brothers in the third quarter valued at approximately $12,506,000. Chartwell Investment Partners LLC boosted its position in 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 increased its stake in Toll Brothers by 4,894.1% during the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after acquiring an additional 3,328 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Toll Brothers

In related news, 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 owns 20,618 shares in the company, valued at $2,599,311.26. This represents a 35.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the 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 completion of the transaction, the director now owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,202 shares of company stock worth $1,947,436. Insiders own 1.54% of the company’s stock.

Toll Brothers Stock Performance

Shares of TOL opened at $135.40 on Monday. The firm 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. The business’s 50 day moving average is $141.28 and its two-hundred day moving average is $141.27. The company has a quick ratio of 0.80, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. Toll Brothers, Inc. has a 52-week low of $95.46 and a 52-week high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.29. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $4.11 earnings per share. Analysts forecast that Toll Brothers, Inc. will post 14.25 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TOL shares. Barclays cut their price objective on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a research report on Thursday. Wedbush reiterated an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $168.00 to $164.00 in a research report on Tuesday, December 10th. Evercore ISI boosted their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reaffirmed 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $156.64.

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.