Invst LLC Sells 154 Shares of Toll Brothers, Inc. (NYSE:TOL)

Invst LLC cut its position in Toll Brothers, Inc. (NYSE:TOL) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,696 shares of the construction company’s stock after selling 154 shares during the quarter. Invst LLC’s holdings in Toll Brothers were worth $1,252,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Voss Capital LLC bought a new position in Toll Brothers during the fourth quarter worth $8,223,000. Jennison Associates LLC boosted its position in Toll Brothers by 41.2% during the fourth quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock worth $85,819,000 after purchasing an additional 243,553 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in Toll Brothers by 87.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 36,337 shares of the construction company’s stock worth $2,687,000 after purchasing an additional 16,993 shares during the period. Wedge Capital Management L L P NC boosted its position in Toll Brothers by 11.9% during the fourth quarter. Wedge Capital Management L L P NC now owns 510,961 shares of the construction company’s stock worth $52,522,000 after purchasing an additional 54,384 shares during the period. Finally, Natixis Advisors L.P. boosted its position in Toll Brothers by 21.6% during the third quarter. Natixis Advisors L.P. now owns 13,429 shares of the construction company’s stock worth $993,000 after purchasing an additional 2,386 shares during the period. 91.76% of the stock is owned by institutional investors.

Toll Brothers Price Performance

Shares of Toll Brothers stock traded up $0.54 during trading on Friday, reaching $127.02. 609,190 shares of the company’s stock were exchanged, compared to its average volume of 1,159,477. The firm’s 50-day moving average price is $121.65 and its 200 day moving average price is $104.40. Toll Brothers, Inc. has a 1-year low of $63.34 and a 1-year high of $130.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. The company has a market cap of $13.23 billion, a P/E ratio of 9.82, a PEG ratio of 1.06 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data 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. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.70 EPS. As a group, research analysts anticipate that Toll Brothers, Inc. will post 13.71 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given a $0.23 dividend. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Thursday, April 4th. Toll Brothers’s dividend payout ratio is 7.11%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $116.05, for a total value of $580,250.00. Following the completion of the transaction, the chief financial officer now directly owns 49,721 shares in the company, valued at approximately $5,770,122.05. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $116.05, for a total value of $580,250.00. Following the completion of the transaction, the chief financial officer now directly owns 49,721 shares in the company, valued at approximately $5,770,122.05. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the transaction, the director now owns 34,069 shares of the company’s stock, valued at $4,020,823.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,500 shares of company stock worth $7,881,930. 1.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TOL shares. Citigroup lifted their price objective on shares of Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. lifted their target price on Toll Brothers from $127.00 to $128.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Oppenheimer upped their price target on shares of Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. Barclays lifted their price objective on shares of Toll Brothers from $95.00 to $115.00 and gave the stock an “underweight” rating in a research note on Monday, February 26th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.