Charles Schwab Investment Management Inc. Lowers Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Charles Schwab Investment Management Inc. lowered its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 681,838 shares of the construction company's stock after selling 6,648 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.68% of Toll Brothers worth $85,877,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Larson Financial Group LLC lifted its stake in Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock worth $28,000 after purchasing an additional 66 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Toll Brothers by 34.4% in 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 period. Nilsine Partners LLC lifted its stake in shares of Toll Brothers by 0.5% during the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company's stock worth $2,433,000 after acquiring an additional 88 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Toll Brothers by 15.1% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company's stock valued at $88,000 after acquiring an additional 92 shares during the period. Finally, CIBC Asset Management Inc grew its position in Toll Brothers by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company's stock valued at $472,000 after acquiring an additional 109 shares during the last quarter. Institutional investors own 91.76% of the company's stock.

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Insider Buying and Selling at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,837 shares of the firm's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the transaction, the director now owns 119,937 shares of the company's stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the company's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the sale, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,622 shares of company stock worth $1,993,880. 1.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TOL has been the subject of several research analyst reports. Barclays decreased their target price on Toll Brothers from $115.00 to $101.00 and set an "underweight" rating for the company in a research report on Tuesday, February 25th. Wells Fargo & Company dropped their target price on shares of Toll Brothers from $170.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Keefe, Bruyette & Woods decreased their price target on shares of Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a research note on Tuesday, February 25th. Royal Bank of Canada lowered their price target on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Finally, Bank of America cut their price target on Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Toll Brothers has a consensus rating of "Moderate Buy" and an average price target of $147.57.

Toll Brothers Stock Up 0.6 %

TOL stock traded up $0.60 on Wednesday, hitting $107.43. 543,496 shares of the company's stock were exchanged, compared to its average volume of 1,422,836. The firm has a 50 day moving average price of $124.38 and a two-hundred day moving average price of $139.57. Toll Brothers, Inc. has a 12-month low of $105.38 and a 12-month high of $169.52. The stock has a market cap of $10.68 billion, a P/E ratio of 7.41, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). The company had revenue of $1.86 billion for the quarter, compared to analyst estimates 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 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is currently 6.33%.

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.