Basswood Capital Management L.L.C. Has $28.73 Million Stake in Toll Brothers, Inc. (NYSE:TOL)

Basswood Capital Management L.L.C. lowered its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 15.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 228,142 shares of the construction company's stock after selling 42,092 shares during the period. Toll Brothers makes up 1.7% of Basswood Capital Management L.L.C.'s portfolio, making the stock its 16th largest holding. Basswood Capital Management L.L.C. owned 0.23% of Toll Brothers worth $28,734,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. ORG Partners LLC acquired a new stake in Toll Brothers in the 4th quarter worth about $25,000. Lee Danner & Bass Inc. bought a new position in shares of Toll Brothers during the fourth quarter worth approximately $27,000. Promus Capital LLC acquired a new stake in shares of Toll Brothers in the fourth quarter valued at approximately $29,000. IAG Wealth Partners LLC boosted its stake in shares of Toll Brothers by 1,034.8% in the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after buying an additional 238 shares during the period. Finally, DiNuzzo Private Wealth Inc. grew its position in Toll Brothers by 806.5% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock worth $35,000 after buying an additional 250 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their target price on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a research report on Tuesday, February 25th. Wells Fargo & Company decreased their target price on shares of Toll Brothers from $150.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. StockNews.com raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a report on Tuesday. Oppenheimer decreased their price objective on shares of Toll Brothers from $189.00 to $165.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Finally, Royal Bank of Canada cut their target price on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $144.79.

Toll Brothers Trading Up 0.8 %

Shares of TOL stock traded up $0.78 during mid-day trading on Wednesday, reaching $102.37. 1,174,752 shares of the stock traded hands, compared to its average volume of 1,547,025. The company has a market cap of $10.23 billion, a price-to-earnings ratio of 7.05, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The stock's fifty day simple moving average is $102.12 and its two-hundred day simple moving average is $125.71. Toll Brothers, Inc. has a 1-year low of $86.67 and a 1-year high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) 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 business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. On average, research analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.98%. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date was Friday, April 11th. Toll Brothers's dividend payout ratio is presently 6.88%.

Insiders Place Their Bets

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

Toll Brothers Company Profile

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.