Alliancebernstein L.P. Lowers Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Alliancebernstein L.P. cut its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 36.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 134,425 shares of the construction company's stock after selling 77,659 shares during the quarter. Alliancebernstein L.P. owned approximately 0.13% of Toll Brothers worth $16,931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in Toll Brothers by 34.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock worth $37,000 after buying an additional 75 shares during the last quarter. Nilsine Partners LLC raised its holdings in shares of Toll Brothers by 0.5% in the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company's stock worth $2,433,000 after purchasing an additional 88 shares during the period. Versant Capital Management Inc raised its holdings in shares of Toll Brothers by 15.1% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company's stock worth $88,000 after purchasing an additional 92 shares during the period. Principal Securities Inc. grew its holdings in Toll Brothers by 25.2% during the fourth quarter. Principal Securities Inc. now owns 541 shares of the construction company's stock valued at $68,000 after purchasing an additional 109 shares during the period. Finally, Old North State Trust LLC increased its position in Toll Brothers by 7.4% in the third quarter. Old North State Trust LLC now owns 2,069 shares of the construction company's stock worth $320,000 after buying an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TOL. Wedbush reaffirmed an "outperform" rating and set a $175.00 price target on shares of Toll Brothers in a research report on Friday, February 14th. Bank of America dropped their price objective on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Seaport Res Ptn upgraded shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. UBS Group lowered their price target on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Finally, Oppenheimer cut their price target on Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Toll Brothers has a consensus rating of "Moderate Buy" and a consensus price target of $144.79.

Toll Brothers Trading Up 0.0 %

TOL stock traded up $0.02 during midday trading on Monday, hitting $93.64. The company had a trading volume of 109,287 shares, compared to its average volume of 1,527,950. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 6.44, a PEG ratio of 1.02 and a beta of 1.48. Toll Brothers, Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The stock's 50 day moving average price is $109.66 and its 200 day moving average price is $132.08.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. As a group, equities 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 issued 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 dividend payout ratio (DPR) is 6.88%.

Insider Activity at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, 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 document filed with the SEC, which is available through this hyperlink. 1.54% of the stock is currently owned by company insiders.

Toll Brothers 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.