Crossmark Global Holdings Inc. Cuts Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Crossmark Global Holdings Inc. reduced its position in shares of Toll Brothers, Inc. (NYSE:TOLGet Rating) by 58.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,930 shares of the construction company’s stock after selling 12,810 shares during the period. Crossmark Global Holdings Inc.’s holdings in Toll Brothers were worth $375,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Quadrant Capital Group LLC grew its position in shares of Toll Brothers by 70.0% in the second quarter. Quadrant Capital Group LLC now owns 634 shares of the construction company’s stock valued at $28,000 after purchasing an additional 261 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Toll Brothers by 67.2% in the second quarter. Fifth Third Bancorp now owns 764 shares of the construction company’s stock valued at $34,000 after purchasing an additional 307 shares in the last quarter. Venture Visionary Partners LLC purchased a new stake in shares of Toll Brothers in the second quarter valued at approximately $39,000. Eagle Bay Advisors LLC purchased a new stake in shares of Toll Brothers in the second quarter valued at approximately $40,000. Finally, Private Trust Co. NA purchased a new stake in shares of Toll Brothers in the second quarter valued at approximately $42,000. 82.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Douglas C. Jr. Yearley sold 1,359 shares of the stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $49.82, for a total value of $67,705.38. Following the sale, the chief executive officer now directly owns 159,919 shares in the company, valued at $7,967,164.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Douglas C. Jr. Yearley sold 1,359 shares of the stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $49.82, for a total value of $67,705.38. Following the sale, the chief executive officer now directly owns 159,919 shares in the company, valued at $7,967,164.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 41,500 shares of the stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $52.31, for a total value of $2,170,865.00. Following the completion of the sale, the chief executive officer now owns 180,710 shares in the company, valued at $9,452,940.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,765 shares of company stock worth $4,623,971. Corporate insiders own 8.28% of the company’s stock.

Toll Brothers Stock Up 0.3 %

NYSE:TOL opened at $56.04 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 4.80 and a debt-to-equity ratio of 0.55. The stock’s fifty day moving average is $50.36 and its two-hundred day moving average is $47.07. Toll Brothers, Inc. has a 52 week low of $39.53 and a 52 week high of $60.41. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 5.06, a price-to-earnings-growth ratio of 0.65 and a beta of 1.33.

Toll Brothers (NYSE:TOLGet Rating) last released its quarterly earnings results on Tuesday, December 6th. The construction company reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $3.88 by $0.79. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.22 billion. Toll Brothers had a return on equity of 21.17% and a net margin of 12.52%. Research analysts anticipate that Toll Brothers, Inc. will post 7.87 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 20th. Stockholders of record on Friday, January 6th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Thursday, January 5th. Toll Brothers’s payout ratio is currently 7.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upgraded Toll Brothers from a “neutral” rating to an “overweight” rating and upped their price target for the company from $47.00 to $58.00 in a research report on Tuesday, November 22nd. Bank of America upgraded Toll Brothers from a “neutral” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Wednesday, January 11th. Raymond James upgraded Toll Brothers from a “market perform” rating to an “outperform” rating and set a $61.00 price objective for the company in a research report on Monday, January 9th. Oppenheimer initiated coverage on Toll Brothers in a research report on Wednesday, January 18th. They issued an “outperform” rating and a $71.00 price objective for the company. Finally, Barclays increased their price objective on Toll Brothers from $47.00 to $50.00 and gave the stock an “underweight” rating in a research report on Thursday, December 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Toll Brothers currently has an average rating of “Hold” and an average price target of $57.46.

Toll Brothers Profile

(Get Rating)

Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and caters to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.

See Also

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

Receive News & Ratings for Toll Brothers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers and related companies with MarketBeat.com's FREE daily email newsletter.