Aviance Capital Partners LLC Reduces Position in Toll Brothers, Inc. (NYSE:TOL)

Aviance Capital Partners LLC lessened its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,566 shares of the construction company’s stock after selling 388 shares during the period. Aviance Capital Partners LLC’s holdings in Toll Brothers were worth $2,217,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. SG Americas Securities LLC lifted its stake in Toll Brothers by 82.1% during the 3rd quarter. SG Americas Securities LLC now owns 2,724 shares of the construction company’s stock valued at $201,000 after acquiring an additional 1,228 shares during the period. Commonwealth Equity Services LLC lifted its stake in Toll Brothers by 4.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 40,802 shares of the construction company’s stock valued at $3,018,000 after acquiring an additional 1,780 shares during the period. Xponance Inc. lifted its stake in Toll Brothers by 2.4% during the 3rd quarter. Xponance Inc. now owns 13,145 shares of the construction company’s stock valued at $972,000 after acquiring an additional 308 shares during the period. Raymond James & Associates lifted its stake in Toll Brothers by 15.0% during the 3rd quarter. Raymond James & Associates now owns 103,594 shares of the construction company’s stock valued at $7,662,000 after acquiring an additional 13,519 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Toll Brothers by 117.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 59,829 shares of the construction company’s stock valued at $4,425,000 after acquiring an additional 32,314 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

NYSE:TOL traded up $4.14 during trading hours on Monday, reaching $127.77. 1,354,584 shares of the company were exchanged, compared to its average volume of 1,352,221. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The stock’s 50-day moving average is $120.67 and its 200-day moving average is $103.05. The firm has a market cap of $13.31 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 1.03 and a beta of 1.67. Toll Brothers, Inc. has a twelve month low of $63.00 and a twelve month high of $130.63.

Toll Brothers (NYSE:TOL) last released its earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.48. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the firm earned $1.70 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.71 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were issued a dividend of $0.23 per share. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, April 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.72%. Toll Brothers’s dividend payout ratio is presently 7.11%.

Insider Transactions at Toll Brothers

In other news, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the sale, the director now owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the sale, the director now owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $116.05, for a total transaction of $580,250.00. Following the completion of the sale, the chief financial officer now directly owns 49,721 shares of the company’s stock, valued at approximately $5,770,122.05. The disclosure for this sale can be found here. Insiders sold 66,500 shares of company stock valued at $7,881,930 over the last 90 days. 1.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TOL has been the subject of several research reports. The Goldman Sachs Group lifted their price objective on shares of Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a research note on Thursday, February 22nd. Keefe, Bruyette & Woods boosted their target price on shares of Toll Brothers from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Wedbush reiterated a “neutral” rating and issued a $87.00 target price on shares of Toll Brothers in a research note on Wednesday, February 21st. JPMorgan Chase & Co. boosted their target price on shares of Toll Brothers from $127.00 to $128.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Finally, Citigroup boosted their target price on shares of Toll Brothers from $116.00 to $138.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and an average target price of $113.80.

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.