Toll Brothers Inc (TOL) Holdings Trimmed by Greenhaven Associates Inc.

Greenhaven Associates Inc. cut its holdings in Toll Brothers Inc (NYSE:TOL) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,941,601 shares of the construction company’s stock after selling 134,251 shares during the quarter. Toll Brothers comprises 2.9% of Greenhaven Associates Inc.’s portfolio, making the stock its 10th largest position. Greenhaven Associates Inc. owned approximately 2.57% of Toll Brothers worth $189,276,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Aviance Capital Management LLC acquired a new stake in shares of Toll Brothers during the second quarter worth $151,000. Toronto Dominion Bank raised its holdings in shares of Toll Brothers by 5.2% during the second quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after acquiring an additional 192 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Toll Brothers by 381.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,241 shares of the construction company’s stock worth $168,000 after acquiring an additional 3,361 shares during the period. Gamco Investors INC. ET AL acquired a new stake in shares of Toll Brothers during the third quarter worth $207,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Toll Brothers in the 3rd quarter valued at $216,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on TOL shares. Royal Bank of Canada reiterated a “buy” rating and issued a $45.00 price target on shares of Toll Brothers in a research note on Wednesday, November 15th. ValuEngine lowered shares of Toll Brothers from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Wells Fargo & Co reissued an “outperform” rating and issued a $54.00 price objective (up previously from $42.00) on shares of Toll Brothers in a research report on Wednesday, December 6th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $55.00 price objective on shares of Toll Brothers in a research report on Wednesday, January 24th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $56.00 price objective (up previously from $45.00) on shares of Toll Brothers in a research report on Monday, January 22nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Toll Brothers currently has an average rating of “Buy” and an average price target of $51.06.

In other news, President Richard T. Hartman sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $47.00, for a total value of $940,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Martin P. Connor sold 8,450 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $51.76, for a total transaction of $437,372.00. Following the completion of the sale, the chief financial officer now directly owns 55,357 shares in the company, valued at $2,865,278.32. The disclosure for this sale can be found here. Insiders have sold a total of 135,950 shares of company stock worth $6,781,012 over the last three months. Insiders own 8.78% of the company’s stock.

Toll Brothers Inc (TOL) opened at $46.40 on Friday. The stock has a market cap of $7,340.00, a P/E ratio of 14.59, a P/E/G ratio of 0.87 and a beta of 1.38. Toll Brothers Inc has a 12-month low of $30.67 and a 12-month high of $52.73. The company has a current ratio of 6.61, a quick ratio of 0.97 and a debt-to-equity ratio of 0.71.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the company earned $0.67 earnings per share. Toll Brothers’s revenue for the quarter was up 9.3% compared to the same quarter last year. analysts anticipate that Toll Brothers Inc will post 3.97 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 12th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Thursday, January 11th. Toll Brothers’s payout ratio is 10.06%.

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Toll Brothers Profile

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.

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

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