Byrne Asset Management LLC Has $1.94 Million Stake in Toll Brothers, Inc. (NYSE:TOL)

Byrne Asset Management LLC lowered its holdings in Toll Brothers, Inc. (NYSE:TOL) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,410 shares of the construction company’s stock after selling 224 shares during the quarter. Toll Brothers comprises approximately 1.4% of Byrne Asset Management LLC’s holdings, making the stock its 15th biggest holding. Byrne Asset Management LLC’s holdings in Toll Brothers were worth $1,941,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. FMR LLC grew its stake in Toll Brothers by 97.7% during the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after buying an additional 1,046,758 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Toll Brothers during the 3rd quarter worth approximately $111,562,000. Jennison Associates LLC boosted its position in shares of Toll Brothers by 38.7% during the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after acquiring an additional 341,980 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Toll Brothers in the third quarter valued at approximately $38,985,000. Finally, Castleark Management LLC acquired a new position in Toll Brothers during the third quarter valued at approximately $23,629,000. 91.76% of the stock is owned by institutional investors.

Toll Brothers Stock Down 6.5 %

TOL opened at $124.32 on Friday. Toll Brothers, Inc. has a twelve month low of $98.54 and a twelve month high of $169.52. The company’s 50-day moving average price is $135.40 and its two-hundred day moving average price is $142.47. The stock has a market cap of $12.42 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 1.15 and a beta of 1.76. 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 (NYSE:TOL) last posted its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the business earned $4.11 earnings per share. Toll Brothers’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities analysts expect that Toll Brothers, Inc. will post 14.15 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.74%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is currently 6.12%.

Insider Activity at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was 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 trade represents a 35.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the transaction, the director now directly owns 7,728 shares of the company’s stock, valued at $972,027.84. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,202 shares of company stock worth $1,947,436. Company insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

TOL has been the topic of several recent analyst reports. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. 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 report on Wednesday, December 11th. Wedbush reissued an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a report on Wednesday, December 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 price target (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Finally, Oppenheimer reissued an “outperform” rating and issued a $189.00 price objective on shares of Toll Brothers in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.00.

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.