CenterBook Partners LP Sells 8,224 Shares of Toll Brothers, Inc. (NYSE:TOL)

CenterBook Partners LP lowered its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 69.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,695 shares of the construction company’s stock after selling 8,224 shares during the quarter. CenterBook Partners LP’s holdings in Toll Brothers were worth $465,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its position in shares of Toll Brothers by 34.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock valued at $37,000 after purchasing an additional 75 shares in the last quarter. Nilsine Partners LLC lifted its stake in Toll Brothers by 0.5% in the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock valued at $2,433,000 after buying an additional 88 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Toll Brothers by 15.1% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock worth $88,000 after buying an additional 92 shares in the last quarter. Peapack Gladstone Financial Corp grew its position in shares of Toll Brothers by 5.9% during the 4th quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company’s stock worth $227,000 after buying an additional 100 shares during the period. Finally, Principal Securities Inc. grew its position in shares of Toll Brothers by 25.2% during the 4th quarter. Principal Securities Inc. now owns 541 shares of the construction company’s stock worth $68,000 after buying an additional 109 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Stock Up 0.8 %

TOL opened at $93.44 on Friday. Toll Brothers, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The firm has a market capitalization of $9.33 billion, a P/E ratio of 6.43, a PEG ratio of 1.02 and a beta of 1.48. The company’s 50-day moving average is $109.66 and its 200 day moving average is $132.21. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Research analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 1.07%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s payout ratio is currently 6.88%.

Analyst Ratings Changes

Several brokerages recently issued reports on TOL. Keefe, Bruyette & Woods cut their target price on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 25th. Wedbush reissued an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research report on Friday, February 14th. UBS Group decreased their target price on Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Wells Fargo & Company cut their price target on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Finally, Citigroup decreased their price objective on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and an average target price of $146.93.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the transaction, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.54% of the company’s stock.

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.