Toll Brothers, Inc. (NYSE:TOL) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 27.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 226,788 shares of the construction company's stock after selling 85,705 shares during the period. American Century Companies Inc. owned 0.23% of Toll Brothers worth $28,564,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fiduciary Alliance LLC bought a new position in shares of Toll Brothers during the 4th quarter valued at $1,117,000. Franklin Resources Inc. boosted its stake in Toll Brothers by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company's stock worth $27,659,000 after purchasing an additional 9,195 shares during the period. World Investment Advisors LLC purchased a new position in Toll Brothers during the third quarter valued at $12,506,000. MML Investors Services LLC increased its holdings in shares of Toll Brothers by 22.4% in the third quarter. MML Investors Services LLC now owns 23,005 shares of the construction company's stock worth $3,554,000 after purchasing an additional 4,209 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in Toll Brothers by 38.7% in the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company's stock worth $154,449,000 after acquiring an additional 341,980 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Toll Brothers Trading Up 1.5 %

TOL stock traded up $1.55 during midday trading on Wednesday, hitting $106.85. 1,270,470 shares of the company's stock were exchanged, compared to its average volume of 1,468,938. Toll Brothers, Inc. has a 1-year low of $101.50 and a 1-year 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 has a market capitalization of $10.67 billion, a PE ratio of 7.35, a P/E/G ratio of 1.02 and a beta of 1.77. The business has a 50-day simple moving average of $117.11 and a two-hundred day simple moving average of $135.64.

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Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, sell-side analysts predict 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 will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.94%. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio (DPR) is presently 6.88%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TOL shares. Wells Fargo & Company cut their target price on Toll Brothers from $170.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. The Goldman Sachs Group dropped their price target on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Seaport Res Ptn upgraded Toll Brothers from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. Oppenheimer cut their price target on shares of Toll Brothers from $189.00 to $165.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Finally, Barclays cut their target price on Toll Brothers from $115.00 to $101.00 and set an "underweight" rating on the stock in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers currently has a consensus rating of "Moderate Buy" and a consensus target price of $147.57.

Insider Activity at Toll Brothers

In related 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.54% of the stock is owned by insiders.

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.