Mezzasalma Advisors LLC Decreases Holdings in Toll Brothers, Inc. (NYSE:TOL)

Mezzasalma Advisors LLC decreased its holdings in Toll Brothers, Inc. (NYSE:TOL) by 5.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,220 shares of the construction company’s stock after selling 1,560 shares during the period. Toll Brothers makes up about 1.0% of Mezzasalma Advisors LLC’s holdings, making the stock its 23rd biggest holding. Mezzasalma Advisors LLC’s holdings in Toll Brothers were worth $3,176,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. ORG Partners LLC bought a new position in shares of Toll Brothers during the fourth quarter valued at about $25,000. Capital Performance Advisors LLP bought a new position in Toll Brothers during the 3rd quarter worth approximately $27,000. Brooklyn Investment Group bought a new stake in Toll Brothers in the third quarter valued at approximately $27,000. Larson Financial Group LLC boosted its stake in shares of 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 during the period. Finally, DiNuzzo Private Wealth Inc. boosted its stake in shares of Toll Brothers by 806.5% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock valued at $35,000 after purchasing an additional 250 shares during the period. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $124.32 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 4.92. The company has a 50 day simple moving average of $135.40 and a two-hundred day simple moving average of $142.47. Toll Brothers, Inc. has a fifty-two week low of $98.54 and a fifty-two week high of $169.52. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 8.27, a P/E/G ratio of 1.15 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter last year, the company earned $4.11 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts expect that Toll Brothers, Inc. will post 14.15 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on TOL shares. Evercore ISI upped their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Citigroup cut their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. UBS Group dropped their price objective on Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Bank of America reduced their target price on Toll Brothers from $165.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.00.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the sale, the director now owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction on 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 sale, the chief financial officer now directly owns 20,618 shares in the company, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,202 shares of company stock worth $1,947,436. 1.54% of the stock is owned by corporate insiders.

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.